Russell Investments Group Ltd. Buys New Stake in Rattler Midstream LP (NASDAQ:RTLR)

Russell Investments Group Ltd. bought a new stake in Rattler Midstream LP (NASDAQ:RTLR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 112,614 shares of the company’s stock, valued at approximately $2,184,000. Russell Investments Group Ltd. owned approximately 0.07% of Rattler Midstream as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC purchased a new position in shares of Rattler Midstream in the second quarter valued at $197,000. BNP Paribas Arbitrage SA purchased a new position in Rattler Midstream during the second quarter worth $204,000. Wells Fargo & Company MN purchased a new position in Rattler Midstream during the second quarter worth $379,000. Landscape Capital Management L.L.C. purchased a new position in Rattler Midstream during the second quarter worth $1,835,000. Finally, Allianz Asset Management GmbH purchased a new position in Rattler Midstream during the second quarter worth $2,909,000. 28.95% of the stock is owned by hedge funds and other institutional investors.

In other Rattler Midstream news, CEO Travis D. Stice bought 5,695 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $17.56 per share, for a total transaction of $100,004.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.



Several research analysts have commented on RTLR shares. Goldman Sachs Group started coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set a “buy” rating and a $24.00 price objective for the company. Royal Bank of Canada started coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set a “sector perform” rating and a $20.00 price objective for the company. SunTrust Banks started coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set a “buy” rating and a $23.00 price objective for the company. Northland Securities started coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set an “outperform” rating and a $24.00 price objective for the company. Finally, Seaport Global Securities started coverage on shares of Rattler Midstream in a research note on Monday, June 17th. They set a “buy” rating and a $23.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Rattler Midstream has an average rating of “Buy” and a consensus target price of $22.54.

Shares of NASDAQ:RTLR traded up $0.07 on Thursday, hitting $18.72. 778 shares of the company’s stock were exchanged, compared to its average volume of 219,837. Rattler Midstream LP has a 12 month low of $16.25 and a 12 month high of $20.24. The stock’s 50 day simple moving average is $18.15.

Rattler Midstream (NASDAQ:RTLR) last released its earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.16). The firm had revenue of $111.77 million during the quarter, compared to analyst estimates of $96.82 million. On average, analysts forecast that Rattler Midstream LP will post 1.02 EPS for the current fiscal year.

Featured Story: How to invest in blue-chip stocks

Want to see what other hedge funds are holding RTLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rattler Midstream LP (NASDAQ:RTLR).

Institutional Ownership by Quarter for Rattler Midstream (NASDAQ:RTLR)

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