Credit Suisse AG lowered its stake in shares of Penntex Midstream Partners LP (NASDAQ:PTXP) by 61.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,520 shares of the pipeline company’s stock after selling 184,480 shares during the period. Credit Suisse AG’s holdings in Penntex Midstream Partners were worth $1,992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Penntex Midstream Partners during the first quarter valued at $632,000. Renaissance Technologies LLC purchased a new position in shares of Penntex Midstream Partners during the fourth quarter valued at $632,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Penntex Midstream Partners during the first quarter valued at $1,643,000. Finally, UBS Group AG boosted its position in shares of Penntex Midstream Partners by 26.7% in the first quarter. UBS Group AG now owns 968,796 shares of the pipeline company’s stock valued at $16,702,000 after buying an additional 204,198 shares in the last quarter. 55.01% of the stock is owned by institutional investors and hedge funds.

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Several research analysts recently weighed in on PTXP shares. TheStreet raised Penntex Midstream Partners from a “d+” rating to a “b-” rating in a research note on Monday, June 19th. Zacks Investment Research raised Penntex Midstream Partners from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, May 10th. Stifel Nicolaus set a $20.00 target price on Penntex Midstream Partners and gave the company a “hold” rating in a research note on Saturday, June 24th. Citigroup Inc. cut Penntex Midstream Partners from a “buy” rating to a “neutral” rating and decreased their target price for the company from $21.00 to $20.00 in a research note on Monday, May 22nd. Finally, Robert W. Baird cut Penntex Midstream Partners from an “outperform” rating to a “neutral” rating and raised their target price for the company from $19.00 to $20.00 in a research note on Friday, May 19th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.00.

Penntex Midstream Partners Company Profile

PennTex Midstream Partners, LP, focuses on owning, operating, acquiring and developing midstream energy infrastructure assets in North America. The Company owns and operates midstream gathering, processing and transportation assets in northern Louisiana. The Company provides natural gas gathering and processing and residue gas and natural gas liquid (NGL) transportation services to producers focused on the Cotton Valley formation in northern Louisiana.

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Institutional Ownership by Quarter for Penntex Midstream Partners (NASDAQ:PTXP)

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