Nustar GP Holdings, LLC (NSH) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Nustar GP Holdings, LLC (NYSE:NSH) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $27.75.
A number of research firms have commented on NSH. TheStreet raised shares of Nustar GP Holdings from a “c+” rating to a “b” rating in a report on Thursday, May 25th. BidaskClub downgraded shares of Nustar GP Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Wells Fargo & Company downgraded shares of Nustar GP Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Zacks Investment Research raised shares of Nustar GP Holdings from a “strong sell” rating to a “hold” rating in a report on Saturday, July 29th. Finally, Credit Suisse Group set a $28.00 price target on shares of Nustar GP Holdings and gave the company a “hold” rating in a report on Sunday, July 30th.
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Shares of Nustar GP Holdings (NYSE:NSH) traded down 1.12% during mid-day trading on Friday, reaching $22.05. 54,707 shares of the company were exchanged. Nustar GP Holdings has a 12 month low of $20.04 and a 12 month high of $31.50. The firm has a market capitalization of $947.09 million, a price-to-earnings ratio of 10.40 and a beta of 1.19. The company’s 50-day moving average is $21.60 and its 200 day moving average is $25.03.
Nustar GP Holdings (NYSE:NSH) last released its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.21. The firm had revenue of $10.96 million during the quarter, compared to the consensus estimate of $16.22 million. Nustar GP Holdings had a net margin of 176.62% and a return on equity of 25.68%. Analysts predict that Nustar GP Holdings will post $2.27 EPS for the current year.
In other news, Director William E. Greehey purchased 6,423 shares of Nustar GP Holdings stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $22.01 per share, with a total value of $141,370.23. Following the completion of the acquisition, the director now owns 8,646,280 shares in the company, valued at approximately $190,304,622.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William E. Greehey purchased 16,663 shares of Nustar GP Holdings stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $21.89 per share, with a total value of $364,753.07. Following the acquisition, the director now owns 8,646,280 shares of the company’s stock, valued at approximately $189,267,069.20. The disclosure for this purchase can be found here. In the last three months, insiders have bought 173,086 shares of company stock valued at $3,715,871. Corporate insiders own 21.39% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in NSH. Waldron LP acquired a new position in shares of Nustar GP Holdings during the first quarter valued at $559,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Nustar GP Holdings by 2.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 56,947 shares of the pipeline company’s stock worth $1,592,000 after purchasing an additional 1,450 shares during the period. JPMorgan Chase & Co. lifted its holdings in Nustar GP Holdings by 42.2% in the first quarter. JPMorgan Chase & Co. now owns 86,873 shares of the pipeline company’s stock worth $2,428,000 after purchasing an additional 25,788 shares during the period. Stifel Financial Corp acquired a new stake in Nustar GP Holdings in the first quarter worth about $206,000. Finally, Atlantic Trust Group LLC lifted its holdings in Nustar GP Holdings by 1.2% in the first quarter. Atlantic Trust Group LLC now owns 1,063,910 shares of the pipeline company’s stock worth $29,736,000 after purchasing an additional 13,089 shares during the period. 55.59% of the stock is owned by institutional investors.
About Nustar GP Holdings
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.
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