S&P Announces Changes to US Indices: SUG for CAR, GEO for SUG, MANT for MEG, AXYS for MANT, CPLA for PLAB, HITT for SRZ, IWOV for CPY, OIS for SCSS
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S&P SmallCap 600 constituent Southern Union Co. (NYSE: SUG) will replace Avis Budget Group Inc. (NYSE: CAR) in the S&P MidCap 400, and The GEO Group Inc. (NYSE: GEO) will replace Southern Union in the S&P SmallCap 600. S&P SmallCap 600 constituent ManTech International Corp. (NASDAQ: MANT) will replace Media General Inc. (NYSE: MEG) in the S&P MidCap 400, and Axsys Technologies Inc. (NASDAQ: AXYS) will replace ManTech International in the S&P SmallCap 600. As of today’s close, Avis Budget Group and Media General had market capitalizations of approximately $50 million and $68 million respectively, ranking them 400th and 399th in the index.
Capella Education Co. (NASDAQ: CPLA) will replace Photronics Inc. (NASDAQ: PLAB), Hittite Microwave Corp. (NASDAQ: HITT) will replace Sunrise Senior Living Inc. (NYSE: SRZ), Interwoven Inc. (NASDAQ: IWOV) will replace CPI Corp. (NYSE: CPY), and Oil States International Inc. (NYSE: OIS) will replace Select Comfort Corp.(NASDAQ: SCSS) in the S&P SmallCap 600. As of today’s close, Photronics, Sunrise Senior Living, CPI and Select Comfort all had market capitalizations below $25 million, whereas the minimum market capitalization needed for admission to the S&P SmallCap 600 index is currently $250 million.
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