Suburban Propane Partners, L.P. (NYSE:SPH) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its position in Suburban Propane Partners, L.P. (NYSE:SPH) by 16.9% during the first quarter, Holdings Channel reports. The fund owned 457,527 shares of the energy company’s stock after selling 92,874 shares during the quarter. Clearbridge Investments LLC’s holdings in Suburban Propane Partners were worth $9,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. UBS Group AG increased its stake in shares of Suburban Propane Partners by 428.9% in the fourth quarter. UBS Group AG now owns 390,200 shares of the energy company’s stock valued at $6,930,000 after purchasing an additional 316,430 shares during the period. Blackstone Inc. raised its stake in Suburban Propane Partners by 27.1% during the 4th quarter. Blackstone Inc. now owns 328,281 shares of the energy company’s stock valued at $5,830,000 after acquiring an additional 70,000 shares in the last quarter. Foundry Partners LLC boosted its position in Suburban Propane Partners by 11.9% during the 1st quarter. Foundry Partners LLC now owns 210,111 shares of the energy company’s stock worth $4,293,000 after acquiring an additional 22,368 shares during the period. Fractal Investments LLC grew its stake in shares of Suburban Propane Partners by 1,090.4% in the fourth quarter. Fractal Investments LLC now owns 207,425 shares of the energy company’s stock worth $3,684,000 after purchasing an additional 190,000 shares in the last quarter. Finally, Custom Index Systems LLC acquired a new position in shares of Suburban Propane Partners during the fourth quarter valued at $1,679,000. 30.94% of the stock is currently owned by institutional investors.

Insider Activity

In other Suburban Propane Partners news, Director Harold R. Logan, Jr. sold 3,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $19.18, for a total transaction of $57,540.00. Following the sale, the director now owns 39,515 shares in the company, valued at approximately $757,897.70. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Suburban Propane Partners Stock Up 1.0 %

Shares of SPH stock opened at $18.63 on Thursday. Suburban Propane Partners, L.P. has a 1 year low of $14.42 and a 1 year high of $22.33. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.65 and a current ratio of 0.88. The business’s fifty day moving average is $19.34 and its 200-day moving average is $19.60. The stock has a market cap of $1.19 billion, a PE ratio of 10.90 and a beta of 0.44.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, May 9th. The energy company reported $1.72 EPS for the quarter. The business had revenue of $498.09 million during the quarter. Suburban Propane Partners had a net margin of 8.02% and a return on equity of 18.91%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SPH shares. StockNews.com upgraded shares of Suburban Propane Partners from a “hold” rating to a “buy” rating in a research report on Thursday, July 18th. Argus upped their price target on shares of Suburban Propane Partners from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, June 10th.

About Suburban Propane Partners

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.