BW Gestao de Investimentos Ltda. Maintains Holdings in Star Gas Partners, L.P. (SGU)

BW Gestao de Investimentos Ltda. held its position in Star Gas Partners, L.P. (NYSE:SGU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,755 shares of the pipeline company’s stock at the close of the second quarter. BW Gestao de Investimentos Ltda.’s holdings in Star Gas Partners, L.P. were worth $127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new position in shares of Star Gas Partners, L.P. during the second quarter valued at approximately $356,000. Goldman Sachs Group Inc. boosted its stake in shares of Star Gas Partners, L.P. by 1.4% during the second quarter. Goldman Sachs Group Inc. now owns 671,291 shares of the pipeline company’s stock valued at $7,277,000 after purchasing an additional 8,977 shares in the last quarter. Cat Rock Capital Management LP boosted its stake in shares of Star Gas Partners, L.P. by 82.0% during the second quarter. Cat Rock Capital Management LP now owns 2,332,613 shares of the pipeline company’s stock valued at $25,286,000 after purchasing an additional 1,050,793 shares in the last quarter. Doliver Capital Advisors LP bought a new position in shares of Star Gas Partners, L.P. during the second quarter valued at approximately $176,000. Finally, Bandera Partners LLC boosted its stake in shares of Star Gas Partners, L.P. by 2.2% during the second quarter. Bandera Partners LLC now owns 2,457,687 shares of the pipeline company’s stock valued at $26,641,000 after purchasing an additional 51,805 shares in the last quarter. Hedge funds and other institutional investors own 30.77% of the company’s stock.

Separately, BidaskClub upgraded shares of Star Gas Partners, L.P. from a “hold” rating to a “buy” rating in a research note on Friday, August 11th.

Star Gas Partners, L.P. (NYSE SGU) traded up 0.7179% during trading on Friday, hitting $11.1394. 6,474 shares of the stock were exchanged. The stock has a market cap of $622.55 million, a P/E ratio of 25.2023 and a beta of 0.29. The stock’s 50 day moving average price is $10.95 and its 200 day moving average price is $10.34. Star Gas Partners, L.P. has a 12 month low of $9.00 and a 12 month high of $11.70.

Star Gas Partners, L.P. (NYSE:SGU) last announced its earnings results on Monday, July 31st. The pipeline company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.07). Star Gas Partners, L.P. had a return on equity of 7.90% and a net margin of 1.96%. The business had revenue of $225.80 million for the quarter. Analysts forecast that Star Gas Partners, L.P. will post $0.55 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was first reported by Stock Observer and is the property of of Stock Observer. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.thestockobserver.com/2017/10/13/bw-gestao-de-investimentos-ltda-maintains-holdings-in-star-gas-partners-l-p-sgu.html.

Star Gas Partners, L.P. Company Profile

Star Gas Partners, L.P. is a service energy provider. The Company is a home heating oil and propane distributor and services provider. It also sells gasoline and diesel fuel to customers on a delivery only basis. The Company installs, maintains and repairs heating and air conditioning equipment, and provides these services outside its customer base, including service contracts for natural gas and other heating systems.

Institutional Ownership by Quarter for Star Gas Partners, L.P. (NYSE:SGU)

Receive News & Ratings for Star Gas Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Gas Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply