Renaissance Technologies LLC Cuts Position in GasLog Partners LP Unit (NYSE:GLOP)

Renaissance Technologies LLC decreased its holdings in GasLog Partners LP Unit (NYSE:GLOP) by 21.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 375,300 shares of the shipping company’s stock after selling 104,400 shares during the quarter. Renaissance Technologies LLC’s holdings in GasLog Partners LP Unit were worth $7,968,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Castle Rock Wealth Management LLC raised its position in GasLog Partners LP Unit by 90.8% in the second quarter. Castle Rock Wealth Management LLC now owns 81,966 shares of the shipping company’s stock worth $1,741,000 after acquiring an additional 39,017 shares in the last quarter. Van ECK Associates Corp increased its position in shares of GasLog Partners LP Unit by 2.3% in the second quarter. Van ECK Associates Corp now owns 151,799 shares of the shipping company’s stock valued at $3,223,000 after buying an additional 3,376 shares in the last quarter. Altshuler Shaham Ltd increased its position in shares of GasLog Partners LP Unit by 16.8% in the second quarter. Altshuler Shaham Ltd now owns 88,374 shares of the shipping company’s stock valued at $2,132,000 after buying an additional 12,687 shares in the last quarter. SCP Investment LP purchased a new position in shares of GasLog Partners LP Unit in the second quarter valued at $416,000. Finally, Arrow Investment Advisors LLC purchased a new position in shares of GasLog Partners LP Unit in the second quarter valued at $381,000. Hedge funds and other institutional investors own 36.52% of the company’s stock.

Shares of GLOP stock traded down $0.05 during mid-day trading on Tuesday, reaching $19.33. The stock had a trading volume of 4,121 shares, compared to its average volume of 131,262. GasLog Partners LP Unit has a 12-month low of $17.83 and a 12-month high of $25.99. The company has a market cap of $994.77 million, a P/E ratio of 11.01 and a beta of 0.97. The business has a 50-day simple moving average of $19.17 and a 200 day simple moving average of $20.88. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66.

GasLog Partners LP Unit (NYSE:GLOP) last announced its quarterly earnings results on Thursday, July 25th. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.13). GasLog Partners LP Unit had a net margin of 22.95% and a return on equity of 10.50%. The firm had revenue of $92.10 million during the quarter, compared to analysts’ expectations of $91.29 million. During the same quarter in the prior year, the business earned $0.45 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts anticipate that GasLog Partners LP Unit will post 1.83 EPS for the current year.

GLOP has been the subject of a number of research analyst reports. Stifel Nicolaus cut GasLog Partners LP Unit from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Tuesday, June 25th. Zacks Investment Research upgraded GasLog Partners LP Unit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, TheStreet cut GasLog Partners LP Unit from a “b-” rating to a “c” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $23.50.

GasLog Partners LP Unit Profile

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.

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Institutional Ownership by Quarter for GasLog Partners LP Unit (NYSE:GLOP)