Nustar GP Holdings, LLC (NSH) Sets New 12-Month Low After Analyst Downgrade
Nustar GP Holdings, LLC (NYSE:NSH) hit a new 52-week low during mid-day trading on Wednesday after UBS AG lowered their price target on the stock from $33.00 to $21.00. UBS AG currently has a buy rating on the stock. Nustar GP Holdings traded as low as $18.58 and last traded at $18.43, with a volume of 93,972 shares trading hands. The stock had previously closed at $18.95.
NSH has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Nustar GP Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. BidaskClub raised shares of Nustar GP Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Citigroup Inc. cut their price objective on shares of Nustar GP Holdings from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Wells Fargo & Company downgraded shares of Nustar GP Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Finally, Credit Suisse Group set a $28.00 target price on shares of Nustar GP Holdings and gave the stock a “hold” rating in a report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.60.
In other news, Director William E. Greehey bought 6,423 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average price of $22.01 per share, with a total value of $141,370.23. Following the acquisition, the director now owns 8,646,280 shares of the company’s stock, valued at approximately $190,304,622.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William E. Greehey bought 20,279 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average cost of $20.85 per share, with a total value of $422,817.15. Following the acquisition, the director now directly owns 8,716,559 shares in the company, valued at approximately $181,740,255.15. The disclosure for this purchase can be found here. Insiders purchased a total of 173,086 shares of company stock valued at $3,715,871 in the last ninety days. 21.39% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. WFG Advisors LP boosted its holdings in Nustar GP Holdings by 13.9% in the 2nd quarter. WFG Advisors LP now owns 12,300 shares of the pipeline company’s stock worth $301,000 after buying an additional 1,500 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Nustar GP Holdings in the 2nd quarter worth $237,000. Virtu KCG Holdings LLC bought a new position in Nustar GP Holdings in the 2nd quarter worth $246,000. California Public Employees Retirement System boosted its holdings in Nustar GP Holdings by 8.0% in the 2nd quarter. California Public Employees Retirement System now owns 59,300 shares of the pipeline company’s stock worth $1,450,000 after buying an additional 4,400 shares during the period. Finally, Citigroup Inc. boosted its holdings in Nustar GP Holdings by 1.5% in the 2nd quarter. Citigroup Inc. now owns 79,554 shares of the pipeline company’s stock worth $1,945,000 after buying an additional 1,142 shares during the period. 55.59% of the stock is owned by institutional investors.
The stock has a market capitalization of $786.00 million, a P/E ratio of 8.59 and a beta of 1.19. The firm has a 50-day moving average of $21.31 and a 200 day moving average of $23.79.
Nustar GP Holdings (NYSE:NSH) last released its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.21. The company had revenue of $10.96 million for the quarter, compared to analyst estimates of $16.22 million. Nustar GP Holdings had a net margin of 176.62% and a return on equity of 25.68%. On average, analysts expect that Nustar GP Holdings, LLC will post $2.29 earnings per share for the current fiscal year.
Nustar GP Holdings Company Profile
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.
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