Bronfman E.L. Rothschild L.P. Has $38,000 Position in Suburban Propane Partners LP (SPH)

Bronfman E.L. Rothschild L.P. raised its holdings in Suburban Propane Partners LP (NYSE:SPH) by 4,458.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,960 shares of the energy company’s stock after purchasing an additional 1,917 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Suburban Propane Partners were worth $38,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN raised its position in Suburban Propane Partners by 19.4% in the third quarter. Wells Fargo & Company MN now owns 138,315 shares of the energy company’s stock valued at $3,255,000 after purchasing an additional 22,432 shares during the period. Neuberger Berman Group LLC raised its position in Suburban Propane Partners by 34.5% in the third quarter. Neuberger Berman Group LLC now owns 23,406 shares of the energy company’s stock valued at $551,000 after purchasing an additional 6,000 shares during the period. GAM Holding AG raised its position in Suburban Propane Partners by 51.4% in the third quarter. GAM Holding AG now owns 30,866 shares of the energy company’s stock valued at $726,000 after purchasing an additional 10,480 shares during the period. AlphaMark Advisors LLC raised its position in Suburban Propane Partners by 2,600.0% in the fourth quarter. AlphaMark Advisors LLC now owns 5,400 shares of the energy company’s stock valued at $104,000 after purchasing an additional 5,200 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Suburban Propane Partners in the third quarter valued at $2,841,000. Institutional investors own 31.12% of the company’s stock.

NYSE:SPH opened at $22.45 on Tuesday. Suburban Propane Partners LP has a 52 week low of $18.63 and a 52 week high of $24.57. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 3.74 and a beta of 0.93.

Suburban Propane Partners (NYSE:SPH) last posted its earnings results on Thursday, February 7th. The energy company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.31). The business had revenue of $377.10 million during the quarter, compared to analysts’ expectations of $402.18 million. Suburban Propane Partners had a net margin of 4.98% and a return on equity of 12.26%. On average, research analysts predict that Suburban Propane Partners LP will post 1.51 EPS for the current fiscal year.

A number of research firms have commented on SPH. ValuEngine upgraded Suburban Propane Partners from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Zacks Investment Research downgraded Suburban Propane Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th.

In related news, Director Harold R. Logan, Jr. sold 2,900 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $22.05, for a total value of $63,945.00. Following the sale, the director now owns 27,599 shares in the company, valued at approximately $608,557.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by insiders.

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Suburban Propane Partners Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.

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Institutional Ownership by Quarter for Suburban Propane Partners (NYSE:SPH)

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