15,439 Shares in Suburban Propane Partners, L.P. (SPH) Acquired by First Heartland Consultants Inc.

First Heartland Consultants Inc. purchased a new position in shares of Suburban Propane Partners, L.P. (NYSE:SPH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,439 shares of the energy company’s stock, valued at approximately $416,000.

Other large investors have also recently modified their holdings of the company. Elite Wealth Management LLC purchased a new stake in shares of Suburban Propane Partners, L.P. during the third quarter worth $100,000. PNC Financial Services Group Inc. increased its position in shares of Suburban Propane Partners, L.P. by 56.7% in the first quarter. PNC Financial Services Group Inc. now owns 7,673 shares of the energy company’s stock worth $207,000 after buying an additional 2,777 shares during the last quarter. Snow Capital Management LP bought a new position in shares of Suburban Propane Partners, L.P. during the first quarter worth approximately $250,000. First Manhattan Co. increased its position in shares of Suburban Propane Partners, L.P. by 5.8% in the first quarter. First Manhattan Co. now owns 11,000 shares of the energy company’s stock worth $366,000 after buying an additional 600 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Suburban Propane Partners, L.P. by 40.6% in the first quarter. Alliancebernstein L.P. now owns 14,523 shares of the energy company’s stock worth $392,000 after buying an additional 4,193 shares during the last quarter. Institutional investors and hedge funds own 27.77% of the company’s stock.

Institutional Ownership by Quarter for Suburban Propane Partners, L.P. (NYSE:SPH)

Suburban Propane Partners, L.P. (SPH) traded down 3.15% on Tuesday, reaching $23.69. The company had a trading volume of 305,598 shares. The firm has a 50 day moving average price of $23.99 and a 200-day moving average price of $27.07. Suburban Propane Partners, L.P. has a 12 month low of $22.71 and a 12 month high of $35.95. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 50.84 and a beta of 0.69.

Suburban Propane Partners, L.P. (NYSE:SPH) last issued its earnings results on Thursday, May 4th. The energy company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by $0.46. The firm had revenue of $450.58 million during the quarter, compared to the consensus estimate of $503.38 million. Suburban Propane Partners, L.P. had a return on equity of 3.86% and a net margin of 2.51%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.51 EPS. Analysts forecast that Suburban Propane Partners, L.P. will post $0.71 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “15,439 Shares in Suburban Propane Partners, L.P. (SPH) Acquired by First Heartland Consultants Inc.” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://sportsperspectives.com/2017/06/20/15439-shares-in-suburban-propane-partners-lp-sph-acquired-by-first-heartland-consultants-inc-updated.html.

SPH has been the subject of a number of analyst reports. BidaskClub upgraded Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered Suburban Propane Partners, L.P. from a “hold” rating to a “strong sell” rating in a report on Saturday, May 13th. Stifel Nicolaus upped their price objective on Suburban Propane Partners, L.P. to $29.00 and gave the company a “hold” rating in a report on Tuesday, April 18th. Finally, ValuEngine lowered Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Suburban Propane Partners, L.P. presently has an average rating of “Hold” and an average price target of $31.75.

About Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.

Receive News & Ratings for Suburban Propane Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suburban Propane Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply