Spirit of America Management Corp NY Acquires 69,500 Shares of USA Compression Partners LP (USAC)

Spirit of America Management Corp NY boosted its holdings in USA Compression Partners LP (NYSE:USAC) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 880,379 shares of the oil and gas company’s stock after buying an additional 69,500 shares during the period. USA Compression Partners makes up 2.0% of Spirit of America Management Corp NY’s investment portfolio, making the stock its 14th biggest holding. Spirit of America Management Corp NY owned approximately 0.98% of USA Compression Partners worth $13,743,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USAC. Renaissance Technologies LLC grew its position in shares of USA Compression Partners by 3.2% during the 3rd quarter. Renaissance Technologies LLC now owns 333,800 shares of the oil and gas company’s stock valued at $5,511,000 after purchasing an additional 10,500 shares in the last quarter. Lucas Capital Management grew its position in shares of USA Compression Partners by 19.0% during the 4th quarter. Lucas Capital Management now owns 35,182 shares of the oil and gas company’s stock valued at $457,000 after purchasing an additional 5,610 shares in the last quarter. Arrow Investment Advisors LLC grew its position in shares of USA Compression Partners by 2.5% during the 4th quarter. Arrow Investment Advisors LLC now owns 29,487 shares of the oil and gas company’s stock valued at $383,000 after purchasing an additional 727 shares in the last quarter. Securian Asset Management Inc grew its position in shares of USA Compression Partners by 38.3% during the 4th quarter. Securian Asset Management Inc now owns 102,498 shares of the oil and gas company’s stock valued at $1,330,000 after purchasing an additional 28,400 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of USA Compression Partners by 39.2% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 24,500 shares of the oil and gas company’s stock valued at $318,000 after purchasing an additional 6,900 shares in the last quarter. Hedge funds and other institutional investors own 34.70% of the company’s stock.

A number of research firms have recently commented on USAC. Zacks Investment Research upgraded shares of USA Compression Partners from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, March 14th. Stifel Nicolaus began coverage on shares of USA Compression Partners in a research report on Thursday, April 4th. They set a “buy” rating and a $18.00 price target for the company. B. Riley set a $22.00 price target on shares of USA Compression Partners and gave the company a “buy” rating in a research report on Wednesday, February 20th. UBS Group lowered shares of USA Compression Partners from a “buy” rating to a “neutral” rating in a research report on Thursday, January 3rd. Finally, ValuEngine lowered shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. USA Compression Partners currently has an average rating of “Buy” and an average target price of $19.83.

NYSE:USAC traded up $0.50 during midday trading on Wednesday, hitting $17.61. The company had a trading volume of 5,015 shares, compared to its average volume of 251,475. USA Compression Partners LP has a 52-week low of $12.09 and a 52-week high of $19.28. The firm has a market capitalization of $1.54 billion, a PE ratio of -41.23 and a beta of 1.37. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 1.46.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, February 19th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.06. USA Compression Partners had a negative net margin of 0.44% and a positive return on equity of 1.57%. The company had revenue of $172.00 million during the quarter, compared to analyst estimates of $170.78 million. During the same period in the previous year, the business earned $0.07 earnings per share. The firm’s quarterly revenue was up 128.1% compared to the same quarter last year. On average, sell-side analysts forecast that USA Compression Partners LP will post -0.06 EPS for the current fiscal year.

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USA Compression Partners Company Profile

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.

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Institutional Ownership by Quarter for USA Compression Partners (NYSE:USAC)

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