Star Group LP (NYSE:SGU) Sees Large Increase in Short Interest

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Star Group LP (NYSE:SGU) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 35,900 shares, an increase of 41.3% from the July 31st total of 25,400 shares. Based on an average trading volume of 68,200 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Separately, TheStreet lowered shares of Star Group from a “b” rating to a “c+” rating in a research report on Friday, August 9th.

Shares of SGU traded down $0.05 during mid-day trading on Friday, reaching $9.41. 42,200 shares of the company’s stock were exchanged, compared to its average volume of 65,896. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.75 and a quick ratio of 0.59. The stock has a market capitalization of $465.20 million, a PE ratio of 11.98 and a beta of 0.25. The business’s fifty day simple moving average is $9.53 and its 200-day simple moving average is $9.69. Star Group has a 52-week low of $8.87 and a 52-week high of $10.25.

Star Group (NYSE:SGU) last announced its earnings results on Wednesday, July 31st. The pipeline company reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of $283.38 million for the quarter. Star Group had a return on equity of 16.95% and a net margin of 1.73%.

Several institutional investors and hedge funds have recently made changes to their positions in SGU. Bank of America Corp DE grew its position in shares of Star Group by 8.2% during the fourth quarter. Bank of America Corp DE now owns 20,719 shares of the pipeline company’s stock worth $193,000 after acquiring an additional 1,568 shares during the last quarter. Creative Planning grew its position in Star Group by 55.8% in the 1st quarter. Creative Planning now owns 16,579 shares of the pipeline company’s stock valued at $159,000 after buying an additional 5,936 shares during the last quarter. Central Securities Corp grew its position in Star Group by 13.4% in the 1st quarter. Central Securities Corp now owns 560,092 shares of the pipeline company’s stock valued at $5,377,000 after buying an additional 65,984 shares during the last quarter. Acadian Asset Management LLC grew its position in Star Group by 540.2% in the 1st quarter. Acadian Asset Management LLC now owns 105,114 shares of the pipeline company’s stock valued at $1,009,000 after buying an additional 88,695 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its position in Star Group by 69.3% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 17,892 shares of the pipeline company’s stock valued at $172,000 after buying an additional 7,325 shares during the last quarter. Institutional investors and hedge funds own 43.72% of the company’s stock.

Star Group Company Profile

Star Group, L.P. operates as a home heating oil and propane distributor and services provider in the United States. It also installs, maintains, and repairs heating and air conditioning equipment, as well as offers plumbing services. As of September 30, 2018, the company sold home heating oil and propane to approximately 454,000 full service residential and commercial customers.

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