Star Group LP (NYSE:SGU) Sees Significant Decrease in Short Interest

Star Group LP (NYSE:SGU) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 65,600 shares, a decrease of 19.9% from the May 30th total of 81,900 shares. Based on an average trading volume of 79,200 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the company’s stock are sold short.

Large investors have recently added to or reduced their stakes in the company. Locust Wood Capital Advisers LLC boosted its holdings in shares of Star Group by 7.8% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 1,442,466 shares of the pipeline company’s stock valued at $13,848,000 after buying an additional 104,241 shares in the last quarter. Aurora Investment Counsel boosted its stake in Star Group by 2.6% in the 4th quarter. Aurora Investment Counsel now owns 178,500 shares of the pipeline company’s stock worth $1,667,000 after purchasing an additional 4,476 shares in the last quarter. Central Securities Corp boosted its stake in Star Group by 13.4% in the 1st quarter. Central Securities Corp now owns 560,092 shares of the pipeline company’s stock worth $5,377,000 after purchasing an additional 65,984 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Star Group by 540.2% in the 1st quarter. Acadian Asset Management LLC now owns 105,114 shares of the pipeline company’s stock worth $1,009,000 after purchasing an additional 88,695 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Star Group in the 4th quarter worth approximately $249,000. Institutional investors and hedge funds own 41.96% of the company’s stock.

Shares of NYSE:SGU traded down $0.04 during trading on Thursday, reaching $9.70. The stock had a trading volume of 58,700 shares, compared to its average volume of 71,084. Star Group has a one year low of $8.87 and a one year high of $10.25. The firm has a market cap of $491.29 million, a P/E ratio of 9.05 and a beta of 0.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.83. The stock has a 50-day moving average of $9.87.

Star Group (NYSE:SGU) last released its quarterly earnings results on Wednesday, May 1st. The pipeline company reported $1.15 earnings per share for the quarter. Star Group had a net margin of 2.52% and a return on equity of 21.20%. The business had revenue of $699.58 million for the quarter.

About Star Group

Star Group, L.P. operates as a home heating oil and propane distributor and services provider in the United States. It also installs, maintains, and repairs heating and air conditioning equipment, as well as offers plumbing services. As of September 30, 2018, the company sold home heating oil and propane to approximately 454,000 full service residential and commercial customers.

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