NuStar GP Holdings, LLC (NYSE:NSH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $28.00 target price on the stock. Zacks Investment Research’s price target indicates a potential upside of 10.89% from the stock’s previous close.
According to Zacks, “NUSTAR GP HOLDINGS is a publicly traded limited liability company that owns the two percent general partner interest, a 18.4 percent limited partner interest and the incentive distribution rights in NuStar Energy L.P.They are one of the largest asphalt refiners and marketers and independent terminal and petroleum liquids pipeline operators in the nation with operations in the United States, Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. “
Other analysts also recently issued reports about the company. Citigroup Inc. raised NuStar GP Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the company from $26.00 to $29.00 in a report on Friday, August 12th. US Capital Advisors reaffirmed a “hold” rating on shares of NuStar GP Holdings in a research note on Wednesday, September 21st. Mizuho initiated coverage on NuStar GP Holdings in a research note on Thursday, September 29th. They set a “neutral” rating and a $26.00 price objective for the company. Finally, TheStreet downgraded NuStar GP Holdings from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. NuStar GP Holdings has a consensus rating of “Hold” and a consensus price target of $27.17.
Shares of NuStar GP Holdings (NYSE:NSH) traded down 0.75% during trading on Wednesday, reaching $25.06. The company’s stock had a trading volume of 1,907 shares. NuStar GP Holdings has a 52 week low of $12.86 and a 52 week high of $31.55. The company has a 50 day moving average price of $24.72 and a 200 day moving average price of $24.23. The firm has a market capitalization of $1.08 billion, a P/E ratio of 17.49 and a beta of 1.02.
NuStar GP Holdings (NYSE:NSH) last posted its earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. On average, equities research analysts expect that NuStar GP Holdings will post $1.48 EPS for the current fiscal year.
In related news, Director James F. Clingman sold 5,550 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $25.35, for a total transaction of $140,692.50. Following the transaction, the director now owns 40,947 shares in the company, valued at $1,038,006.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Greehey acquired 16,308 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were bought at an average price of $24.72 per share, for a total transaction of $403,133.76. Following the purchase, the director now directly owns 8,584,823 shares of the company’s stock, valued at $212,216,824.56. The disclosure for this purchase can be found here.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Center Coast Capital Advisors LP raised its position in NuStar GP Holdings by 33.9% in the second quarter. Center Coast Capital Advisors LP now owns 1,071,912 shares of the company’s stock worth $27,484,000 after buying an additional 271,611 shares in the last quarter. SL Advisors LLC bought a new position in NuStar GP Holdings during the second quarter worth approximately $5,252,000. HITE Hedge Asset Management LLC raised its position in NuStar GP Holdings by 216.6% in the second quarter. HITE Hedge Asset Management LLC now owns 223,819 shares of the company’s stock worth $5,739,000 after buying an additional 153,120 shares in the last quarter. Cohen & Steers Inc. raised its position in NuStar GP Holdings by 55.4% in the second quarter. Cohen & Steers Inc. now owns 388,410 shares of the company’s stock worth $9,959,000 after buying an additional 138,487 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP bought a new position in NuStar GP Holdings during the second quarter worth approximately $2,822,000.
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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