GasLog Partners LP (GLOP) Holdings Lifted by JPMorgan Chase & Co.
JPMorgan Chase & Co. grew its stake in shares of GasLog Partners LP (NYSE:GLOP) by 24.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 581,048 shares of the shipping company’s stock after purchasing an additional 114,193 shares during the quarter. JPMorgan Chase & Co. owned about 1.43% of GasLog Partners worth $13,538,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Stifel Financial Corp increased its holdings in shares of GasLog Partners by 90.0% during the 2nd quarter. Stifel Financial Corp now owns 23,712 shares of the shipping company’s stock worth $540,000 after acquiring an additional 11,230 shares during the last quarter. GRT Capital Partners L.L.C. acquired a new position in shares of GasLog Partners during the 2nd quarter worth approximately $556,000. Rafferty Asset Management LLC acquired a new position in shares of GasLog Partners during the 2nd quarter worth approximately $3,048,000. Cannell Peter B & Co. Inc. increased its holdings in shares of GasLog Partners by 103.4% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 290,750 shares of the shipping company’s stock worth $6,585,000 after acquiring an additional 147,775 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of GasLog Partners by 2.9% during the 2nd quarter. FMR LLC now owns 2,107,378 shares of the shipping company’s stock worth $47,732,000 after acquiring an additional 59,678 shares during the last quarter. 42.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. BidaskClub raised GasLog Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine raised GasLog Partners from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 21st. Zacks Investment Research lowered GasLog Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 31st. Barclays decreased their target price on GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $27.00 target price on shares of GasLog Partners in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. GasLog Partners currently has a consensus rating of “Hold” and an average target price of $26.40.
GasLog Partners (NYSE:GLOP) last released its quarterly earnings results on Thursday, October 26th. The shipping company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The firm had revenue of $73.40 million during the quarter, compared to the consensus estimate of $72.11 million. GasLog Partners had a net margin of 34.89% and a return on equity of 12.44%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. equities analysts predict that GasLog Partners LP will post 2.13 earnings per share for the current fiscal year.
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About GasLog Partners
GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter.
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