GSA Capital Partners LLP Has $417,000 Position in Hi-Crush Partners LP (HCLP)
GSA Capital Partners LLP cut its stake in shares of Hi-Crush Partners LP (NYSE:HCLP) by 84.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 31,900 shares of the company’s stock after selling 171,677 shares during the period. GSA Capital Partners LLP owned about 0.09% of Hi-Crush Partners worth $417,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Top Ace Asset Management Ltd boosted its position in shares of Hi-Crush Partners by 57.1% in the first quarter. Top Ace Asset Management Ltd now owns 550,000 shares of the company’s stock valued at $2,728,000 after buying an additional 200,000 shares during the period. SG Americas Securities LLC bought a new position in shares of Hi-Crush Partners during the second quarter valued at about $7,842,000. Capital Impact Advisors LLC boosted its position in shares of Hi-Crush Partners by 150.0% in the first quarter. Capital Impact Advisors LLC now owns 55,800 shares of the company’s stock valued at $277,000 after buying an additional 33,479 shares during the period. Societe Generale bought a new position in shares of Hi-Crush Partners during the second quarter valued at about $7,842,000. Finally, Emerald Acquisition Ltd. bought a new position in shares of Hi-Crush Partners during the second quarter valued at about $1,083,000.
Hi-Crush Partners LP (NYSE:HCLP) traded up 3.63% during midday trading on Wednesday, reaching $15.43. The company’s stock had a trading volume of 644,691 shares. The company’s 50-day moving average is $13.96 and its 200 day moving average is $9.85. Hi-Crush Partners LP has a 52 week low of $3.55 and a 52 week high of $16.81. The firm’s market capitalization is $758.21 million.
Hi-Crush Partners (NYSE:HCLP) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.04. The company earned $38.40 million during the quarter, compared to analysts’ expectations of $47.84 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The firm’s revenue was down 54.2% on a year-over-year basis. Analysts expect that Hi-Crush Partners LP will post ($0.69) earnings per share for the current fiscal year.
HCLP has been the subject of several analyst reports. Jefferies Group reissued a “buy” rating on shares of Hi-Crush Partners in a report on Tuesday, August 30th. Credit Suisse Group AG raised Hi-Crush Partners from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $7.00 to $12.00 in a report on Wednesday, June 1st. Ladenburg Thalmann boosted their price objective on Hi-Crush Partners from $7.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 9th. Zacks Investment Research raised Hi-Crush Partners from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, July 6th. Finally, Raymond James Financial Inc. raised Hi-Crush Partners from a “market perform” rating to a “strong-buy” rating and set a $17.00 price target for the company in a report on Wednesday, June 15th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.52.
Hi-Crush Partners Company Profile
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It operates in Frac Sand Sales segment. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.
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