Star Group (SGU) Rating Lowered to Sell at ValuEngine

Star Group (NYSE:SGU) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday.

Star Group stock opened at $9.26 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The firm has a market cap of $501.46 million, a price-to-earnings ratio of 14.08 and a beta of 0.19. Star Group has a fifty-two week low of $8.74 and a fifty-two week high of $11.70.

Star Group (NYSE:SGU) last announced its quarterly earnings data on Wednesday, May 2nd. The pipeline company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.67). The business had revenue of $684.03 million during the quarter. Star Group had a net margin of 3.53% and a return on equity of 12.73%.

Several large investors have recently made changes to their positions in the company. BW Gestao de Investimentos Ltda. grew its position in shares of Star Group by 39.6% in the first quarter. BW Gestao de Investimentos Ltda. now owns 26,799 shares of the pipeline company’s stock valued at $251,000 after purchasing an additional 7,607 shares during the period. GSA Capital Partners LLP grew its position in shares of Star Group by 22.0% in the first quarter. GSA Capital Partners LLP now owns 56,009 shares of the pipeline company’s stock valued at $524,000 after purchasing an additional 10,087 shares during the period. Renaissance Technologies LLC grew its position in shares of Star Group by 9.1% in the fourth quarter. Renaissance Technologies LLC now owns 138,129 shares of the pipeline company’s stock valued at $1,485,000 after purchasing an additional 11,522 shares during the period. HarbourVest Partners LLC purchased a new stake in shares of Star Group in the first quarter valued at $153,000. Finally, Jane Street Group LLC purchased a new stake in shares of Star Group in the first quarter valued at $171,000. 56.89% of the stock is owned by institutional investors and hedge funds.

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 ancillary home services, including home security and plumbing. As of September 30, 2017, the company sold home heating oil and propane to approximately 455,000 full service residential and commercial customers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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