Wall Street Zen Downgrades Star Group (NYSE:SGU) to Buy

Star Group (NYSE:SGU) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings lowered Star Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Star Group presently has an average rating of “Hold”.

Star Group Stock Performance

Shares of SGU stock opened at $12.66 on Friday. The stock has a market cap of $415.84 million, a PE ratio of 6.77 and a beta of 0.33. The business has a 50-day simple moving average of $12.78 and a 200-day simple moving average of $12.76. The company has a quick ratio of 0.69, a current ratio of 0.87 and a debt-to-equity ratio of 0.39. Star Group has a 52-week low of $11.37 and a 52-week high of $13.53.

Star Group (NYSE:SGU) last issued its earnings results on Wednesday, August 5th. The pipeline company reported ($0.84) EPS for the quarter. The company had revenue of $358.07 million during the quarter. Star Group had a return on equity of 24.43% and a net margin of 4.57%.

Institutional Investors Weigh In On Star Group

Several large investors have recently bought and sold shares of the company. Lubar & Co. Inc acquired a new position in Star Group in the 4th quarter valued at $15,344,000. Arrowstreet Capital Limited Partnership boosted its stake in Star Group by 91.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 104,083 shares of the pipeline company’s stock worth $1,231,000 after purchasing an additional 49,640 shares during the last quarter. Maridea Wealth Management LLC purchased a new stake in shares of Star Group during the second quarter worth $550,000. AlphaCentric Advisors LLC purchased a new stake in shares of Star Group during the first quarter worth $261,000. Finally, Greenwood Gearhart LLC acquired a new stake in shares of Star Group in the first quarter valued at about $252,000. 40.36% of the stock is currently owned by hedge funds and other institutional investors.

About Star Group

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis. It also sells gasoline and diesel fuel to approximately 26,600 customers.