Shares of Nustar GP Holdings, LLC (NYSE:NSH) have been assigned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $26.00.
A number of equities analysts have weighed in on NSH shares. BidaskClub raised Nustar GP Holdings from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Wells Fargo & Company downgraded Nustar GP Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Zacks Investment Research raised Nustar GP Holdings from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 29th. Credit Suisse Group set a $28.00 price target on Nustar GP Holdings and gave the stock a “hold” rating in a research report on Sunday, July 30th. Finally, Citigroup Inc. reduced their price target on Nustar GP Holdings from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday.
Shares of Nustar GP Holdings (NYSE NSH) traded down 2.92% during trading on Thursday, reaching $19.95. 159,379 shares of the company traded hands. Nustar GP Holdings has a 12 month low of $19.90 and a 12 month high of $31.50. The stock’s 50 day moving average price is $21.61 and its 200-day moving average price is $24.08. The stock has a market cap of $856.87 million, a P/E ratio of 9.36 and a beta of 1.19.
Nustar GP Holdings (NYSE:NSH) last released its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.21. Nustar GP Holdings had a return on equity of 25.68% and a net margin of 176.62%. The firm had revenue of $10.96 million during the quarter, compared to the consensus estimate of $16.22 million. On average, equities research analysts expect that Nustar GP Holdings will post $2.29 EPS for the current fiscal year.
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In related news, Director William E. Greehey acquired 6,423 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $22.01 per share, for a total transaction of $141,370.23. Following the purchase, the director now directly owns 8,646,280 shares in the company, valued at approximately $190,304,622.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William E. Greehey acquired 16,663 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of $21.89 per share, for a total transaction of $364,753.07. Following the purchase, the director now owns 8,646,280 shares in the company, valued at $189,267,069.20. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 173,086 shares of company stock worth $3,715,871. Company insiders own 21.39% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Trent Capital Management Inc. NC bought a new stake in shares of Nustar GP Holdings during the 2nd quarter worth approximately $201,000. Stifel Financial Corp bought a new stake in shares of Nustar GP Holdings during the 1st quarter worth approximately $206,000. Proficio Capital Partners LLC raised its stake in shares of Nustar GP Holdings by 11.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 9,345 shares of the pipeline company’s stock worth $214,000 after purchasing an additional 925 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Nustar GP Holdings by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 8,841 shares of the pipeline company’s stock worth $216,000 after purchasing an additional 495 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Nustar GP Holdings during the 2nd quarter worth approximately $237,000. Institutional investors own 55.59% of the company’s stock.
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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