Hodges Capital Management Inc. purchased a new position in shares of Hi-Crush Partners LP (NYSE:HCLP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 15,000 shares of the basic materials company’s stock, valued at approximately $163,000.

A number of other large investors have also added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in Hi-Crush Partners by 19.5% in the first quarter. Morgan Stanley now owns 10,011,999 shares of the basic materials company’s stock worth $173,709,000 after buying an additional 1,633,971 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Hi-Crush Partners by 86.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,371,553 shares of the basic materials company’s stock worth $75,847,000 after buying an additional 2,027,256 shares in the last quarter. ING Groep NV boosted its stake in Hi-Crush Partners by 653.7% in the second quarter. ING Groep NV now owns 1,390,552 shares of the basic materials company’s stock worth $15,087,000 after buying an additional 1,206,058 shares in the last quarter. Sprott Inc. boosted its stake in Hi-Crush Partners by 11.9% in the second quarter. Sprott Inc. now owns 1,175,000 shares of the basic materials company’s stock worth $12,749,000 after buying an additional 125,000 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Hi-Crush Partners by 107.5% in the first quarter. SG Americas Securities LLC now owns 1,056,518 shares of the basic materials company’s stock worth $18,331,000 after buying an additional 547,468 shares in the last quarter. 68.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Hi-Crush Partners LP (NYSE:HCLP) opened at 8.15 on Friday. The stock has a 50 day moving average price of $9.39 and a 200 day moving average price of $14.39. Hi-Crush Partners LP has a 1-year low of $7.60 and a 1-year high of $23.30. The firm’s market capitalization is $741.89 million.

Hi-Crush Partners (NYSE:HCLP) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. Hi-Crush Partners had a negative return on equity of 1.58% and a negative net margin of 2.53%. The company had revenue of $135.22 million during the quarter, compared to analysts’ expectations of $138.61 million. During the same period in the prior year, the company earned ($0.26) EPS. Hi-Crush Partners’s revenue was up 251.9% compared to the same quarter last year. Equities research analysts anticipate that Hi-Crush Partners LP will post $1.03 earnings per share for the current fiscal year.

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HCLP has been the subject of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Hi-Crush Partners in a report on Tuesday, May 30th. Evercore ISI initiated coverage on Hi-Crush Partners in a report on Thursday, May 25th. They set an “outperform” rating and a $22.00 price target for the company. BidaskClub cut Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Johnson Rice initiated coverage on Hi-Crush Partners in a report on Friday, June 23rd. They set an “accumulate” rating and a $17.00 price target for the company. Finally, Zacks Investment Research cut Hi-Crush Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $19.91.

About Hi-Crush Partners

Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. 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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Institutional Ownership by Quarter for Hi-Crush Partners (NYSE:HCLP)

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