CSI Compressco LP (NASDAQ:CCLP) Shares Sold by AEGON USA Investment Management LLC

AEGON USA Investment Management LLC cut its stake in shares of CSI Compressco LP (NASDAQ:CCLP) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,367,353 shares of the oil and gas company’s stock after selling 296,519 shares during the period. CSI Compressco makes up 1.6% of AEGON USA Investment Management LLC’s holdings, making the stock its 10th biggest holding. AEGON USA Investment Management LLC owned approximately 0.96% of CSI Compressco worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Raymond James Financial Services Advisors Inc. purchased a new stake in CSI Compressco during the 3rd quarter worth approximately $49,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

CSI Compressco Stock Up 3.9 %

NASDAQ CCLP traded up $0.09 on Monday, hitting $2.42. 3,347,200 shares of the stock were exchanged, compared to its average volume of 208,926. CSI Compressco LP has a fifty-two week low of $1.04 and a fifty-two week high of $2.44. The company has a market cap of $344.85 million, a PE ratio of -34.57 and a beta of 0.75. The company has a 50-day moving average price of $2.26 and a 200-day moving average price of $1.86.

CSI Compressco (NASDAQ:CCLP) last issued its earnings results on Friday, March 1st. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $98.27 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of CSI Compressco in a report on Monday, April 22nd. They set a “buy” rating for the company.

About CSI Compressco

CSI Compressco LP provides contract services for natural gas compression and treating in the United States, Latin America, Canada, Egypt, and internationally. The company offers natural gas compression services through low-, medium-, and high-horsepower compressor packages for oil and natural gas production, gathering, artificial lift, transmission, processing, and storage.