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

Several institutional investors and hedge funds have recently modified their holdings of SGU. Vanguard Group Inc. acquired a new stake in shares of Star Group during the second quarter worth about $2,830,000. Acadian Asset Management LLC lifted its position in shares of Star Group by 148.1% during the second quarter. Acadian Asset Management LLC now owns 260,787 shares of the pipeline company’s stock worth $2,603,000 after purchasing an additional 155,673 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Star Group by 15.9% in the second quarter. Renaissance Technologies LLC now owns 979,901 shares of the pipeline company’s stock valued at $9,789,000 after acquiring an additional 134,300 shares in the last quarter. BlackRock Inc. acquired a new stake in Star Group in the second quarter valued at approximately $1,119,000. Finally, Swiss National Bank acquired a new stake in Star Group in the second quarter valued at approximately $918,000. 43.72% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of SGU traded down $0.05 during mid-day trading on Friday, hitting $9.41. 42,200 shares of the company’s stock were exchanged, compared to its average volume of 65,896. The company has a market cap of $465.20 million, a price-to-earnings ratio of 11.98 and a beta of 0.25. Star Group has a fifty-two week low of $8.87 and a fifty-two week high of $10.25. 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 stock’s 50-day moving average is $9.53 and its 200-day moving average is $9.69.

Star Group (NYSE:SGU) last issued its quarterly earnings results on Wednesday, July 31st. The pipeline company reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of $283.38 million for 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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