48,370 Shares in Southcross Energy Partners LP (SXE) Purchased by B. Riley Financial Inc.

B. Riley Financial Inc. acquired a new stake in Southcross Energy Partners LP (NYSE:SXE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 48,370 shares of the energy company’s stock, valued at approximately $114,000. B. Riley Financial Inc. owned approximately 0.06% of Southcross Energy Partners at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new stake in Southcross Energy Partners in the 2nd quarter valued at about $172,000. Acadian Asset Management LLC increased its position in Southcross Energy Partners by 3,967.3% in the 2nd quarter. Acadian Asset Management LLC now owns 166,151 shares of the energy company’s stock valued at $526,000 after acquiring an additional 162,066 shares in the last quarter. Freestone Capital Holdings LLC increased its position in Southcross Energy Partners by 71.4% in the 2nd quarter. Freestone Capital Holdings LLC now owns 311,688 shares of the energy company’s stock valued at $988,000 after acquiring an additional 129,870 shares in the last quarter. Finally, Morgan Stanley increased its position in Southcross Energy Partners by 67.1% in the 1st quarter. Morgan Stanley now owns 388,854 shares of the energy company’s stock valued at $1,352,000 after acquiring an additional 156,096 shares in the last quarter. Hedge funds and other institutional investors own 3.08% of the company’s stock.

Several brokerages have recently issued reports on SXE. Zacks Investment Research raised shares of Southcross Energy Partners from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research note on Tuesday, August 15th. ValuEngine lowered shares of Southcross Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Raymond James Financial raised shares of Southcross Energy Partners from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 2nd.

Shares of Southcross Energy Partners LP (SXE) traded down $0.02 during midday trading on Thursday, hitting $1.54. 101,700 shares of the stock traded hands, compared to its average volume of 175,868. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.06 and a current ratio of 1.06. Southcross Energy Partners LP has a one year low of $1.20 and a one year high of $4.74.

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Southcross Energy Partners Profile

Southcross Energy Partners, L.P. provides natural gas gathering, processing, treating, compression and transportation services and natural gas liquid (NGL) fractionation and transportation services. The Company also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama As of December 31, 2016, its assets consisted of gathering systems, intrastate pipelines, two natural gas processing plants, one fractionation facility, 20 compressor stations and a treating system.

Institutional Ownership by Quarter for Southcross Energy Partners (NYSE:SXE)

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