Van ECK Associates Corp Lowers Stake in Hi-Crush Partners LP (HCLP)

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Van ECK Associates Corp decreased its stake in shares of Hi-Crush Partners LP (NYSE:HCLP) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,683 shares of the basic materials company’s stock after selling 12,652 shares during the period. Van ECK Associates Corp owned approximately 0.20% of Hi-Crush Partners worth $733,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HCLP. Wedbush Securities Inc. increased its holdings in Hi-Crush Partners by 77.6% in the 4th quarter. Wedbush Securities Inc. now owns 24,876 shares of the basic materials company’s stock valued at $89,000 after buying an additional 10,866 shares during the period. Virtu Financial LLC bought a new position in Hi-Crush Partners in the 3rd quarter valued at about $2,291,000. Inlet Private Wealth LLC bought a new position in Hi-Crush Partners in the 4th quarter valued at about $309,000. Wells Fargo & Company MN increased its holdings in Hi-Crush Partners by 31.6% in the 3rd quarter. Wells Fargo & Company MN now owns 108,060 shares of the basic materials company’s stock valued at $1,167,000 after buying an additional 25,943 shares during the period. Finally, IPG Investment Advisors LLC bought a new position in Hi-Crush Partners in the 4th quarter valued at about $269,000. 8.49% of the stock is owned by institutional investors.

Shares of NYSE HCLP remained flat at $$4.29 during trading on Friday. 181,060 shares of the stock traded hands, compared to its average volume of 715,991. Hi-Crush Partners LP has a 12-month low of $3.19 and a 12-month high of $16.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 1.85. The company has a market cap of $433.55 million, a price-to-earnings ratio of 2.88 and a beta of 1.95.

Hi-Crush Partners (NYSE:HCLP) last posted its earnings results on Tuesday, February 5th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.02). Hi-Crush Partners had a return on equity of 17.49% and a net margin of 16.44%. The firm had revenue of $162.20 million during the quarter, compared to the consensus estimate of $145.45 million. During the same quarter in the previous year, the company earned $0.47 EPS. The business’s revenue was down 24.2% compared to the same quarter last year. Equities analysts forecast that Hi-Crush Partners LP will post 0.2 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. R. F. Lafferty set a $10.00 price target on shares of Hi-Crush Partners and gave the company a “buy” rating in a research note on Tuesday, December 4th. Zacks Investment Research upgraded shares of Hi-Crush Partners from a “sell” rating to a “hold” rating in a research report on Monday, December 3rd. UBS Group set a $4.00 target price on shares of Hi-Crush Partners and gave the stock a “hold” rating in a research report on Monday, January 14th. B. Riley reiterated a “neutral” rating and issued a $6.50 price objective (down previously from $10.00) on shares of Hi-Crush Partners in a research note on Tuesday, January 8th. Finally, Credit Suisse Group lowered shares of Hi-Crush Partners from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $6.00 to $3.00 in a research note on Wednesday, December 19th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Hi-Crush Partners has an average rating of “Hold” and an average target price of $10.50.

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Hi-Crush Partners Company Profile

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.

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Institutional Ownership by Quarter for Hi-Crush Partners (NYSE:HCLP)

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