Delphi Management Inc. MA cut its holdings in shares of Hi-Crush Partners LP (NYSE:HCLP) by 16.2% during the 2nd quarter, Holdings Channel reports. The firm owned 176,749 shares of the basic materials company’s stock after selling 34,215 shares during the quarter. Hi-Crush Partners comprises approximately 1.7% of Delphi Management Inc. MA’s holdings, making the stock its 3rd biggest position. Delphi Management Inc. MA’s holdings in Hi-Crush Partners were worth $2,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new stake in shares of Hi-Crush Partners in the second quarter worth about $167,000. Ingalls & Snyder LLC purchased a new stake in shares of Hi-Crush Partners in the second quarter worth about $198,000. First National Trust Co purchased a new stake in shares of Hi-Crush Partners in the second quarter worth about $238,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Hi-Crush Partners by 213.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 34,278 shares of the basic materials company’s stock worth $363,000 after buying an additional 23,343 shares in the last quarter. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Hi-Crush Partners in the second quarter worth about $434,000. 24.26% of the stock is currently owned by institutional investors and hedge funds.

In other Hi-Crush Partners news, insider William E. Barker sold 12,367 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $12.90, for a total transaction of $159,534.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 34.80% of the company’s stock.

Shares of HCLP opened at $12.35 on Tuesday. The company has a market capitalization of $1.10 billion, a P/E ratio of 5.95 and a beta of 1.39. The company has a current ratio of 1.85, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22. Hi-Crush Partners LP has a 1-year low of $8.60 and a 1-year high of $16.65.

Hi-Crush Partners (NYSE:HCLP) last announced its earnings results on Tuesday, July 31st. The basic materials company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.10). The company had revenue of $248.52 million during the quarter, compared to analysts’ expectations of $250.12 million. Hi-Crush Partners had a net margin of 22.92% and a return on equity of 24.51%. The company’s revenue for the quarter was up 83.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. analysts anticipate that Hi-Crush Partners LP will post 2.56 EPS for the current fiscal year.

HCLP has been the topic of a number of recent analyst reports. Johnson Rice downgraded shares of Hi-Crush Partners from a “buy” rating to an “accumulate” rating and set a $18.00 price target on the stock. in a report on Monday, August 20th. Barclays initiated coverage on shares of Hi-Crush Partners in a report on Thursday, August 16th. They issued an “equal weight” rating and a $14.00 price target on the stock. Credit Suisse Group increased their price target on shares of Hi-Crush Partners from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, August 2nd. Jefferies Financial Group downgraded shares of Hi-Crush Partners from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a report on Wednesday, July 25th. Finally, Seaport Global Securities set a $25.00 price target on shares of Hi-Crush Partners and gave the stock a “buy” rating in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.61.

About Hi-Crush Partners

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.

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Institutional Ownership by Quarter for Hi-Crush Partners (NYSE:HCLP)

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