Zacks Investment Research Downgraded Shares of NuStar Holdings GP, LLC (NYSE: NSH).
According to Zacks, “NUSTAR GP HOLDINGS is a publicly traded limited liability company which owns the two percent general partner interest, a 18.4 percent limited partner interest and the incentive distribution rights in NuStar Energy LPThey are one of the largest asphalt refiners and marketers United States, Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. ”
Many other brokerages also recently reported reports on NSH. TheStreet upgraded to NuStar GP Holdings from a credit rating. Credit Suisse Group AG is a $ 25.00 review of the NuStar GP Holdings in a research report on Monday, November 21st. Mizuho Assumed Coverage on NuStar GP Holdings in a research report on Thursday, September 29th. They set a neutral rating and a $ 26.00 price objective for the company. Lastly, US Capital Advisors reiterated a hold rating on shares of NuStar Holdings GP in a research report on Wednesday, September 21st. One equities research analyst has a rating of six, one of which has been awarded a rating and one of which has been awarded a rating. NuStar GP Holdings has an average rating of $ 26.00.
NuStar GP Holdings (NYSE: NSH) is opening at 28.85 on Tuesday. The stock has a market cap of $ 1.24 trillion, a P / E ratio of 20.01 and a beta of 1.02. The firm’s 50-day moving average price is $ 26.15 and its 200 day moving average price is $ 25.01. NuStar GP Holdings has a 52-week low of $ 12.86 and a 52-week high of $ 29.30.
NuStar GP Holdings (NYSE: NSH) last Wednesday, November 2nd. The company reported $ 0.40 per share for the quarter, topping the Thomson Reuters consensus estimate of $ 0.36 by $ 0.04. Equities analysts predict that NuStar GP Holdings will post $ 1.52 earnings per share for the current year.
In other news, Director William E. Greehey bought 5,512 shares of the business’ s stock in a transaction on Thursday, December 1st. The stock was acquired at an average cost of $ 26.33 per share, for a total transaction of $ 145,130.96. Following the completion of the transaction, the director now directly owns 8,618,900 shares of the company’s stock, valued at approximately $ 226,935,637. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Greehey bought 4,851 shares of the business’s stock on a transaction on Monday, November 28th. The stock was purchased at an average price of $ 25.37 per share, with a total value of $ 123,069.87. Following the completion of the transaction, the director now directly owns 8,594,151 shares of the company’s stock, valued at $ 218,033,610.87. The disclosure for this purchase can be found here.
Several hedge funds and other institutional investors have recently bought and sold shares of NSH. D.A. Davidson & CO. boosted its position in NuStar GP Holdings by 50.0% in the third quarter. D.A. Davidson & CO. now owns 4,500 shares of the company’s stock is valued at $ 115,000 after buying an additional 1,500 shares in the last quarter. IFP Advisors Inc boosted its position in NuStar GP Holdings by 4.1% in the second quarter. IFP Advisors Inc. now owns 5,056 shares of the company’s stock valued at $ 130,000 after buying an additional 200 shares in the last quarter. Tower Research Capital LLC TRC Bought a New Position in NuStar GP Holdings during the third quarter at about $ 143,000. Brookfield Asset Management Inc. was acquired at NuStar GP Holdings during the third quarter at $ 148,000. Finally, Beach Investment Counsel Inc. was hired by NuStar GP Holdings during the second quarter at $ 203,000.
About NuStar GP Holdings
NuStar GP Holdings, LLC holds interests in NuStar Energy LP (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products, and the marketing of petroleum products. NuStar Energy has the United States, Canada, Mexico, the Netherlands, including St.
Get a free copy of the Zacks research report on NuStar GP Holdings (NSH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com