Star Group LP (NYSE:SGU) Sees Large Growth in Short Interest

Star Group LP (NYSE:SGU) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 35,900 shares, an increase of 41.3% from the July 31st total of 25,400 shares. Based on an average daily trading volume, of 68,200 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Separately, TheStreet downgraded shares of Star Group from a “b” rating to a “c+” rating in a research note on Friday, August 9th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in Star Group during the second quarter worth about $395,000. Alberta Investment Management Corp acquired a new stake in Star Group during the second quarter worth about $117,000. Vanguard Group Inc. acquired a new stake in Star Group during the second quarter worth about $2,830,000. BlackRock Inc. acquired a new stake in Star Group during the second quarter worth about $1,119,000. Finally, HighTower Advisors LLC acquired a new stake in Star Group during the second quarter worth about $156,000. Hedge funds and other institutional investors own 43.72% of the company’s stock.



Shares of NYSE:SGU traded down $0.08 during midday trading on Thursday, hitting $9.46. The company’s stock had a trading volume of 33,200 shares, compared to its average volume of 66,031. The business’s 50 day simple moving average is $9.53 and its 200 day simple moving average is $9.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.59 and a current ratio of 0.75. The company has a market cap of $470.13 million, a P/E ratio of 11.87 and a beta of 0.25. Star Group has a 12-month low of $8.87 and a 12-month high of $10.25.

Star Group (NYSE:SGU) last posted its quarterly earnings results on Wednesday, July 31st. The pipeline company reported ($0.46) earnings per share for the quarter. The business had revenue of $283.38 million during the quarter. Star Group had a return on equity of 16.95% and a net margin of 1.73%.

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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