L & S Advisors Inc bought a new stake in Hi-Crush Partners LP (NYSE:HCLP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,800 shares of the basic materials company’s stock, valued at approximately $569,000. L & S Advisors Inc owned about 0.05% of Hi-Crush Partners at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Deprince Race & Zollo Inc. bought a new stake in shares of Hi-Crush Partners during the first quarter worth $191,000. IFP Advisors Inc boosted its position in shares of Hi-Crush Partners by 391.5% in the first quarter. IFP Advisors Inc now owns 11,938 shares of the basic materials company’s stock worth $207,000 after buying an additional 9,509 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Hi-Crush Partners during the first quarter worth about $209,000. GSA Capital Partners LLP acquired a new position in shares of Hi-Crush Partners during the fourth quarter worth about $222,000. Finally, Round Table Services LLC acquired a new position in shares of Hi-Crush Partners during the first quarter worth about $257,000. Institutional investors and hedge funds own 63.75% of the company’s stock.
Shares of Hi-Crush Partners LP (NYSE HCLP) traded down 5.37% on Tuesday, reaching $9.70. 1,149,523 shares of the company’s stock traded hands. Hi-Crush Partners LP has a 52 week low of $9.30 and a 52 week high of $23.30. The firm’s market capitalization is $882.86 million. The firm’s 50 day moving average is $13.27 and its 200 day moving average is $16.89.
Hi-Crush Partners (NYSE:HCLP) last posted its quarterly earnings data on Monday, May 1st. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.04. Hi-Crush Partners had a negative net margin of 15.15% and a negative return on equity of 9.38%. The company had revenue of $83.40 million for the quarter, compared to analyst estimates of $84.31 million. During the same period in the previous year, the business earned ($0.48) EPS. The firm’s revenue was up 60.1% on a year-over-year basis. Analysts expect that Hi-Crush Partners LP will post $1.00 earnings per share for the current fiscal year.
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Several brokerages have issued reports on HCLP. ValuEngine cut shares of Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. Jefferies Group LLC reissued a “buy” rating and set a $30.00 price objective on shares of Hi-Crush Partners in a report on Tuesday, May 30th. Evercore ISI started coverage on shares of Hi-Crush Partners in a research report on Thursday, May 25th. They set an “outperform” rating and a $22.00 target price for the company. Mizuho started coverage on shares of Hi-Crush Partners in a research report on Wednesday, May 3rd. They issued a “buy” rating and a $20.00 price target for the company. Finally, Zacks Investment Research lowered shares of Hi-Crush Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $22.88.
About Hi-Crush Partners
Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.
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