Shares of NuStar GP Holdings, LLC (NYSE:NSH) dropped 2.8% during mid-day trading on Thursday . The company traded as low as $24.21 and last traded at $24.66, with a volume of 81,100 shares trading hands. The stock had previously closed at $25.36.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded NuStar GP Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Saturday, April 30th. Barclays PLC assumed coverage on NuStar GP Holdings in a research note on Wednesday, April 13th. They issued an “equal weight” rating and a $22.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, NuStar GP Holdings presently has an average rating of “Hold” and an average target price of $28.60.

The stock has a market capitalization of $1.05 billion and a PE ratio of 16.94. The stock has a 50-day moving average price of $25.28 and a 200-day moving average price of $21.15.

NuStar GP Holdings (NYSE:NSH) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm earned $17.02 million during the quarter, compared to analysts’ expectations of $17.41 million. On average, equities analysts anticipate that NuStar GP Holdings, LLC will post $1.55 earnings per share for the current fiscal year.

In related news, Director William E. Greehey bought 40,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were bought at an average cost of $25.15 per share, for a total transaction of $1,006,000.00. Following the completion of the transaction, the director now owns 8,569,215 shares of the company’s stock, valued at $215,515,757.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Greehey bought 15,757 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were bought at an average price of $25.21 per share, for a total transaction of $397,233.97. Following the completion of the transaction, the director now directly owns 8,569,215 shares of the company’s stock, valued at approximately $216,029,910.15. The disclosure for this purchase can be found here.

Other institutional investors recently added to or reduced their stakes in the company. Atlantic Trust Group LLC increased its position in NuStar GP Holdings by 68.9% in the fourth quarter. Atlantic Trust Group LLC now owns 919,330 shares of the company’s stock valued at $19,444,000 after buying an additional 374,874 shares during the period. OppenheimerFunds Inc. boosted its stake in NuStar GP Holdings by 7.3% in the fourth quarter. OppenheimerFunds Inc. now owns 5,127,884 shares of the company’s stock worth $108,455,000 after buying an additional 347,491 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in NuStar GP Holdings by 933.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 164,398 shares of the company’s stock worth $3,477,000 after buying an additional 148,487 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in NuStar GP Holdings by 42.2% in the fourth quarter. Catalyst Capital Advisors LLC now owns 74,296 shares of the company’s stock worth $1,571,000 after buying an additional 22,043 shares in the last quarter.

NuStar GP Holdings, LLC is a limited liability company. The Company has ownership interests in NuStar Energy L.P. (NuStar Energy), which is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products.

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