Private Advisor Group LLC maintained its stake in CSI Compressco LP (NASDAQ:CCLP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,000 shares of the company’s stock at the end of the second quarter. Private Advisor Group LLC’s holdings in CSI Compressco were worth $100,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. GSA Capital Partners LLP purchased a new position in shares of CSI Compressco during the second quarter worth about $243,000. WealthTrust Axiom LLC raised its position in shares of CSI Compressco by 1.5% in the second quarter. WealthTrust Axiom LLC now owns 195,800 shares of the company’s stock worth $1,597,000 after buying an additional 2,850 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of CSI Compressco during the first quarter worth about $328,000. Mariner Wealth Advisors LLC purchased a new position in shares of CSI Compressco during the first quarter worth about $317,000. Finally, ING Groep NV purchased a new position in shares of CSI Compressco during the first quarter worth about $609,000. Hedge funds and other institutional investors own 29.01% of the company’s stock.
CSI Compressco LP (NASDAQ:CCLP) traded down 0.2068% during midday trading on Tuesday, hitting $10.0392. The stock had a trading volume of 6,835 shares. CSI Compressco LP has a one year low of $3.74 and a one year high of $15.27. The stock’s 50-day moving average is $9.64 and its 200-day moving average is $8.31. The company’s market cap is $333.57 million.
CSI Compressco (NASDAQ:CCLP) last posted its earnings results on Friday, August 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.03. CSI Compressco had a negative net margin of 67.25% and a negative return on equity of 6.41%. The firm earned $76.10 million during the quarter, compared to the consensus estimate of $81.70 million. Equities analysts predict that CSI Compressco LP will post ($0.37) EPS for the current fiscal year.
CCLP has been the subject of a number of research reports. Zacks Investment Research lowered CSI Compressco from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. Janney Montgomery Scott raised CSI Compressco from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.00 to $12.00 in a research note on Friday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.75.
About CSI Compressco
CSI Compressco LP, formerly Compressco Partners, L.P., is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Company sells custom-designed compressor packages and oilfield fluid pump systems, and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers.
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