KCG Holdings Inc. acquired a new position in Ferrellgas Partners, L.P. (NYSE:FGP) during the first quarter, Holdings Channel reports. The firm acquired 17,600 shares of the oil and gas company’s stock, valued at approximately $106,000.

Several other large investors have also modified their holdings of FGP. UBS Group AG raised its stake in shares of Ferrellgas Partners, L.P. by 50.7% in the first quarter. UBS Group AG now owns 719,179 shares of the oil and gas company’s stock worth $4,315,000 after buying an additional 241,975 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Ferrellgas Partners, L.P. by 208.2% in the first quarter. Van ECK Associates Corp now owns 643,150 shares of the oil and gas company’s stock worth $3,859,000 after buying an additional 434,476 shares in the last quarter. Prescott Group Capital Management L.L.C. raised its stake in shares of Ferrellgas Partners, L.P. by 272.4% in the first quarter. Prescott Group Capital Management L.L.C. now owns 350,823 shares of the oil and gas company’s stock worth $2,105,000 after buying an additional 256,617 shares in the last quarter. Morgan Stanley raised its stake in shares of Ferrellgas Partners, L.P. by 13.2% in the first quarter. Morgan Stanley now owns 346,912 shares of the oil and gas company’s stock worth $2,082,000 after buying an additional 40,533 shares in the last quarter. Finally, RMB Capital Management LLC raised its stake in shares of Ferrellgas Partners, L.P. by 77.3% in the first quarter. RMB Capital Management LLC now owns 230,500 shares of the oil and gas company’s stock worth $1,383,000 after buying an additional 100,500 shares in the last quarter. Hedge funds and other institutional investors own 7.03% of the company’s stock.

Ferrellgas Partners, L.P. (FGP) traded up 1.05% on Friday, hitting $4.80. The stock had a trading volume of 115,700 shares. The firm’s market capitalization is $466.33 million. The stock’s 50-day moving average is $4.58 and its 200 day moving average is $5.72. Ferrellgas Partners, L.P. has a 1-year low of $4.22 and a 1-year high of $20.55.

Ferrellgas Partners, L.P. (NYSE:FGP) last issued its quarterly earnings data on Friday, June 9th. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by $0.03. The firm had revenue of $538.10 million during the quarter, compared to analysts’ expectations of $576.92 million. During the same period in the previous year, the company posted $0.19 EPS. The company’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts predict that Ferrellgas Partners, L.P. will post ($0.47) earnings per share for the current fiscal year.

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A number of equities research analysts have recently weighed in on FGP shares. Zacks Investment Research upgraded Ferrellgas Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. BidaskClub upgraded Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research report on Thursday. UBS AG reiterated a “sell” rating and issued a $5.00 price objective (down from $5.50) on shares of Ferrellgas Partners, L.P. in a research report on Monday, June 12th. Finally, ValuEngine lowered Ferrellgas Partners, L.P. from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $10.56.

Ferrellgas Partners, L.P. Company Profile

Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.

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Institutional Ownership by Quarter for Ferrellgas Partners, L.P. (NYSE:FGP)

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