APG Asset Management N.V. Sells 26,744 Shares of Star Group LP (NYSE:SGU)

APG Asset Management N.V. lessened its holdings in Star Group LP (NYSE:SGU) by 14.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 162,537 shares of the pipeline company’s stock after selling 26,744 shares during the quarter. APG Asset Management N.V. owned approximately 0.36% of Star Group worth $1,252,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SGU. Wells Fargo & Company MN raised its stake in shares of Star Group by 7.4% during the first quarter. Wells Fargo & Company MN now owns 126,706 shares of the pipeline company’s stock worth $975,000 after buying an additional 8,765 shares during the last quarter. Bandera Partners LLC boosted its stake in Star Group by 19.7% in the first quarter. Bandera Partners LLC now owns 3,514,115 shares of the pipeline company’s stock valued at $27,059,000 after acquiring an additional 577,839 shares during the last quarter. Deutsche Bank AG grew its holdings in Star Group by 791.1% during the 1st quarter. Deutsche Bank AG now owns 11,566 shares of the pipeline company’s stock worth $89,000 after acquiring an additional 10,268 shares during the period. Virginia Retirement Systems ET AL bought a new stake in shares of Star Group during the 1st quarter valued at $156,000. Finally, Acadian Asset Management LLC raised its position in shares of Star Group by 7.3% during the 1st quarter. Acadian Asset Management LLC now owns 434,115 shares of the pipeline company’s stock valued at $3,343,000 after acquiring an additional 29,352 shares during the last quarter. Institutional investors own 43.57% of the company’s stock.

In other news, Director Daniel P. Donovan bought 6,650 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $7.77 per share, with a total value of $51,670.50. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at $155,400. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 12,100 shares of company stock worth $92,522 in the last three months. 20.36% of the stock is owned by insiders.

Shares of Star Group stock opened at $8.73 on Wednesday. The business has a fifty day simple moving average of $8.03 and a 200 day simple moving average of $8.45. The stock has a market cap of $394.57 million, a PE ratio of 23.60 and a beta of 0.34. The company has a quick ratio of 0.68, a current ratio of 0.83 and a debt-to-equity ratio of 0.37. Star Group LP has a 12 month low of $6.11 and a 12 month high of $10.14.

Star Group (NYSE:SGU) last issued its earnings results on Monday, May 4th. The pipeline company reported $1.03 earnings per share (EPS) for the quarter. The firm had revenue of $543.06 million for the quarter. Star Group had a return on equity of 9.84% and a net margin of 1.85%.

Star Group Company Profile

Star Group, L.P. operates as a home heating oil and propane distributor and services provider in the United States. It also installs, maintains, and repairs heating and air conditioning equipment, as well as offers plumbing services. As of September 30, 2018, the company sold home heating oil and propane to approximately 454,000 full service residential and commercial customers.

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Institutional Ownership by Quarter for Star Group (NYSE:SGU)

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