Star Group LP (NYSE:SGU) Short Interest Update

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Star Group LP (NYSE:SGU) was the recipient of 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 presently 0.8 days. Approximately 0.1% of the company’s stock are sold short.

Large investors have recently made changes to their positions in the company. Locust Wood Capital Advisers LLC raised its position 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 worth $13,848,000 after acquiring an additional 104,241 shares in the last quarter. Aurora Investment Counsel raised its position in shares of 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 acquiring an additional 4,476 shares in the last quarter. Central Securities Corp raised its position in shares of 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 acquiring an additional 65,984 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of 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 acquiring an additional 88,695 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Star Group in the 4th quarter worth approximately $249,000. 41.96% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:SGU traded up $0.06 during trading on Friday, hitting $9.76. The stock had a trading volume of 2,250 shares, compared to its average volume of 46,197. Star Group has a 12 month low of $8.87 and a 12 month high of $10.25. The company has a market cap of $485.78 million, a P/E ratio of 8.85 and a beta of 0.20. The company has a fifty day moving average of $9.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.83.

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

Star Group Company Profile

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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