Southcross Energy Partners LP (NYSE:SXE)’s share price dropped NaN during trading on Wednesday . The company traded as low as $1.95 and last traded at $0.00. Approximately 707,390 shares were traded during mid-day trading, an increase of Infinity from the average daily volume of 0 shares.
SXE has been the topic of a number of recent analyst reports. Zacks Investment Research raised Southcross Energy Partners from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research note on Thursday, August 31st. ValuEngine lowered Southcross Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.
A number of hedge funds have recently modified their holdings of SXE. Morgan Stanley grew its position in Southcross Energy Partners by 67.1% during the 1st quarter. Morgan Stanley now owns 388,854 shares of the energy company’s stock worth $1,352,000 after acquiring an additional 156,096 shares during the last quarter. KCG Holdings Inc. grew its position in Southcross Energy Partners by 601.4% during the 1st quarter. KCG Holdings Inc. now owns 74,781 shares of the energy company’s stock worth $260,000 after acquiring an additional 64,120 shares during the last quarter. Acadian Asset Management LLC grew its position in Southcross Energy Partners by 3,967.3% during the 2nd quarter. Acadian Asset Management LLC now owns 166,151 shares of the energy company’s stock worth $526,000 after acquiring an additional 162,066 shares during the last quarter. Freestone Capital Holdings LLC grew its position in Southcross Energy Partners by 71.4% during the 2nd quarter. Freestone Capital Holdings LLC now owns 311,688 shares of the energy company’s stock worth $988,000 after acquiring an additional 129,870 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Southcross Energy Partners during the 2nd quarter worth $172,000. Institutional investors and hedge funds own 2.54% of the company’s stock.
About Southcross Energy Partners
Southcross Energy Partners, L.P. provides natural gas gathering, processing, treating, compression and transportation services and natural gas liquid (NGL) fractionation and transportation services. The Company also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama As of December 31, 2016, its assets consisted of gathering systems, intrastate pipelines, two natural gas processing plants, one fractionation facility, 20 compressor stations and a treating system.
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