NuStar GP Holdings, LLC (NYSE:NSH) shares dropped 4.5% on Wednesday . The stock traded as low as $23.81 and last traded at $23.82, with a volume of 60,023 shares traded. The stock had previously closed at $24.95.

NSH has been the topic of several research analyst reports. Zacks Investment Research raised shares of NuStar GP Holdings from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Saturday, April 30th. Barclays PLC initiated coverage on shares of NuStar GP Holdings in a report on Wednesday, April 13th. They issued an “equal weight” rating and a $22.00 price target on the stock. Five research analysts have rated the stock with a hold rating, NuStar GP Holdings presently has an average rating of “Hold” and an average price target of $28.60.

The stock has a 50-day moving average of $25.21 and a 200 day moving average of $21.27. The company has a market capitalization of $1.03 billion and a P/E ratio of 16.56.

NuStar GP Holdings (NYSE:NSH) last issued its earnings results on Wednesday, April 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company earned $17.02 million during the quarter, compared to analysts’ expectations of $17.41 million. Equities research analysts predict that NuStar GP Holdings, LLC will post $1.55 EPS for the current fiscal year.

In other NuStar GP Holdings news, Director William E. Greehey purchased 84,243 shares of the company’s stock in a transaction dated Wednesday, May 4th. The shares were acquired at an average price of $25.19 per share, for a total transaction of $2,122,081.17. Following the purchase, the director now directly owns 8,569,215 shares of the company’s stock, valued at approximately $215,858,525.85. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William E. Greehey purchased 15,757 shares of the company’s stock in a transaction dated Thursday, May 5th. The shares were acquired at an average price of $25.21 per share, for a total transaction of $397,233.97. Following the purchase, the director now directly owns 8,569,215 shares in the company, valued at $216,029,910.15. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors have modified their holdings of NSH. Atlantic Trust Group LLC boosted its position in shares of 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 in the last quarter. OppenheimerFunds Inc. boosted its position in shares of NuStar GP Holdings by 7.3% in the fourth quarter. OppenheimerFunds Inc. now owns 5,127,884 shares of the company’s stock valued at $108,455,000 after buying an additional 347,491 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of 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 valued at $3,477,000 after buying an additional 148,487 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in shares of NuStar GP Holdings by 42.2% in the fourth quarter. Catalyst Capital Advisors LLC now owns 74,296 shares of the company’s stock valued at $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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