Royce & Associates LP increased its position in shares of Star Gas Partners, L.P. (NYSE:SGU) by 19.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,753,602 shares of the pipeline company’s stock after purchasing an additional 285,985 shares during the period. Royce & Associates LP owned approximately 3.14% of Star Gas Partners worth $19,903,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new position in Star Gas Partners in the second quarter valued at about $356,000. FMR LLC increased its holdings in Star Gas Partners by 21.5% in the second quarter. FMR LLC now owns 2,433,716 shares of the pipeline company’s stock valued at $26,381,000 after buying an additional 431,052 shares in the last quarter. Locust Wood Capital Advisers LLC increased its holdings in Star Gas Partners by 7.4% in the third quarter. Locust Wood Capital Advisers LLC now owns 1,001,189 shares of the pipeline company’s stock valued at $11,363,000 after buying an additional 69,164 shares in the last quarter. Cat Rock Capital Management LP increased its holdings in Star Gas Partners by 82.0% in the second quarter. Cat Rock Capital Management LP now owns 2,332,613 shares of the pipeline company’s stock valued at $25,286,000 after buying an additional 1,050,793 shares in the last quarter. Finally, Doliver Capital Advisors LP purchased a new position in Star Gas Partners in the second quarter valued at about $176,000. 31.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Star Gas Partners, L.P. (NYSE SGU) traded up $0.04 during trading on Monday, reaching $10.45. 52,900 shares of the company’s stock were exchanged, compared to its average volume of 63,713. Star Gas Partners, L.P. has a 12 month low of $9.00 and a 12 month high of $11.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.89. The stock has a market capitalization of $584.02, a PE ratio of 21.77 and a beta of 0.23.
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Star Gas Partners Company Profile
Star Group, L.P., formerly Star Gas Partners, L.P., is a service energy provider. The Company is a home heating oil and propane distributor and services provider. It also sells gasoline and diesel fuel to customers on a delivery only basis. The Company installs, maintains and repairs heating and air conditioning equipment, and provides these services outside its customer base, including service contracts for natural gas and other heating systems.
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