Bank of America Corp DE Increases Stake in USD Partners LP (USDP)

Bank of America Corp DE increased its stake in USD Partners LP (NYSE:USDP) by 31.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 554,948 shares of the transportation company’s stock after buying an additional 131,521 shares during the period. Bank of America Corp DE owned about 2.37% of USD Partners worth $6,826,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of USD Partners by 10.3% in the first quarter. Renaissance Technologies LLC now owns 65,691 shares of the transportation company’s stock valued at $808,000 after buying an additional 6,125 shares during the period. Creative Planning boosted its position in shares of USD Partners by 97.4% in the first quarter. Creative Planning now owns 48,300 shares of the transportation company’s stock valued at $594,000 after buying an additional 23,832 shares during the period. Acadian Asset Management LLC acquired a new position in shares of USD Partners during the first quarter valued at about $281,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of USD Partners by 17.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,800 shares of the transportation company’s stock valued at $107,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 28.15% of the company’s stock.

USD Partners LP (USDP) opened at 11.90 on Thursday. The company’s 50 day moving average is $11.44 and its 200 day moving average is $13.26. USD Partners LP has a one year low of $9.92 and a one year high of $17.50. The stock has a market cap of $278.09 million, a PE ratio of 10.43 and a beta of 1.01.

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Several research analysts recently issued reports on USDP shares. FBR & Co reissued a “buy” rating on shares of USD Partners in a report on Thursday, May 4th. ValuEngine cut shares of USD Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. TheStreet raised shares of USD Partners from a “d” rating to a “c” rating in a report on Wednesday, May 17th. Zacks Investment Research raised shares of USD Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, BidaskClub raised shares of USD Partners from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. USD Partners has a consensus rating of “Hold” and an average price target of $14.38.

About USD Partners

USD Partners LP acquires, develops and operates energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company’s segments include Terminalling services and Fleet services. The Terminalling services segment consists of various operations, including Hardisty terminal, Casper terminal and Ethanol terminals.

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Institutional Ownership by Quarter for USD Partners (NYSE:USDP)

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