UBS Group AG Decreases Position in Arc Logistic Partners LP (ARCX)

UBS Group AG reduced its stake in shares of Arc Logistic Partners LP (NYSE:ARCX) by 67.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,022 shares of the pipeline company’s stock after selling 23,193 shares during the period. UBS Group AG’s holdings in Arc Logistic Partners were worth $157,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Orinda Asset Management LLC purchased a new position in shares of Arc Logistic Partners during the first quarter valued at approximately $516,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Arc Logistic Partners by 3.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,600 shares of the pipeline company’s stock valued at $593,000 after buying an additional 1,300 shares in the last quarter. Finally, BB&T Securities LLC purchased a new position in shares of Arc Logistic Partners during the first quarter valued at approximately $174,000. 43.06% of the stock is currently owned by institutional investors.

Shares of Arc Logistic Partners LP (ARCX) traded up 1.39% during trading on Thursday, reaching $14.57. 14,556 shares of the company traded hands. The company has a market capitalization of $313.55 million, a P/E ratio of 24.28 and a beta of 0.83. The company’s 50-day moving average price is $15.17 and its 200-day moving average price is $14.89. Arc Logistic Partners LP has a 52 week low of $12.86 and a 52 week high of $17.40.

Arc Logistic Partners (NYSE:ARCX) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.03. Arc Logistic Partners had a net margin of 13.28% and a return on equity of 4.07%. The company had revenue of $26.59 million for the quarter, compared to analysts’ expectations of $26.71 million. Equities research analysts forecast that Arc Logistic Partners LP will post $0.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 12.25%. The ex-dividend date of this dividend is Friday, August 4th. Arc Logistic Partners’s dividend payout ratio (DPR) is currently 247.89%.

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Several equities analysts recently commented on ARCX shares. Zacks Investment Research raised shares of Arc Logistic Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine cut shares of Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus raised shares of Arc Logistic Partners from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $18.00 in a research note on Wednesday. Finally, BidaskClub cut shares of Arc Logistic Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Arc Logistic Partners presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Arc Logistic Partners Company Profile

Arc Logistics Partners LP owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. The Company is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets.

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Institutional Ownership by Quarter for Arc Logistic Partners (NYSE:ARCX)

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