GSA Capital Partners LLP Has $535,000 Position in Hi-Crush Partners LP (HCLP)
GSA Capital Partners LLP lifted its stake in shares of Hi-Crush Partners LP (NYSE:HCLP) by 226.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,355 shares of the basic materials company’s stock after buying an additional 31,468 shares during the quarter. GSA Capital Partners LLP owned 0.05% of Hi-Crush Partners worth $535,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in Hi-Crush Partners by 48.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,613,585 shares of the basic materials company’s stock worth $27,704,000 after purchasing an additional 857,878 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Hi-Crush Partners by 39,497.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 395,978 shares of the basic materials company’s stock worth $4,198,000 after purchasing an additional 394,978 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Hi-Crush Partners during the 2nd quarter worth approximately $2,610,000. Van ECK Associates Corp purchased a new stake in Hi-Crush Partners during the 1st quarter worth approximately $2,286,000. Finally, Brightline Capital Management LLC increased its holdings in Hi-Crush Partners by 28.6% during the 1st quarter. Brightline Capital Management LLC now owns 675,000 shares of the basic materials company’s stock worth $7,155,000 after purchasing an additional 150,000 shares during the last quarter. Institutional investors and hedge funds own 24.26% of the company’s stock.
Several equities research analysts have issued reports on the company. Cowen downgraded Hi-Crush Partners from an “outperform” rating to a “market perform” rating and set a $16.00 price objective on the stock. in a report on Monday, July 30th. They noted that the move was a valuation call. Credit Suisse Group lifted their price objective on Hi-Crush Partners from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, August 2nd. TheStreet upgraded Hi-Crush Partners from a “c+” rating to a “b-” rating in a report on Friday, July 20th. Jefferies Financial Group downgraded Hi-Crush Partners from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a report on Wednesday, July 25th. Finally, ValuEngine upgraded Hi-Crush Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.61.
Hi-Crush Partners (NYSE:HCLP) last issued its earnings results on Tuesday, July 31st. The basic materials company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.10). The firm had revenue of $248.52 million during the quarter, compared to analyst estimates of $250.12 million. Hi-Crush Partners had a return on equity of 24.51% and a net margin of 22.92%. Hi-Crush Partners’s revenue was up 83.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. equities analysts expect that Hi-Crush Partners LP will post 2.56 earnings per share for the current year.
In other news, insider William E. Barker sold 12,367 shares of Hi-Crush Partners stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $12.90, for a total value of $159,534.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 34.80% of the stock is currently owned by company insiders.
Hi-Crush Partners Company Profile
Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.
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