Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of NuStar GP Holdings, LLC (NYSE:NSH) by 97.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 36,090 shares of the pipeline company’s stock after acquiring an additional 17,774 shares during the period. Ladenburg Thalmann Financial Services Inc. owned approximately 0.08% of NuStar GP worth $795,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA bought a new position in NuStar GP during the 3rd quarter valued at about $103,000. Alliancebernstein L.P. lifted its holdings in NuStar GP by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 8,841 shares of the pipeline company’s stock valued at $216,000 after purchasing an additional 495 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in NuStar GP during the 2nd quarter valued at about $237,000. Virtu KCG Holdings LLC bought a new position in NuStar GP during the 2nd quarter valued at about $246,000. Finally, Janney Montgomery Scott LLC lifted its holdings in NuStar GP by 1.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,150 shares of the pipeline company’s stock valued at $248,000 after purchasing an additional 100 shares during the last quarter. 55.57% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on NSH shares. Barclays cut their price target on shares of NuStar GP from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. Zacks Investment Research raised shares of NuStar GP from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Mizuho reaffirmed a “hold” rating and issued a $21.00 target price on shares of NuStar GP in a research note on Friday, November 10th. Citigroup dropped their target price on shares of NuStar GP from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, October 10th. Finally, BidaskClub raised shares of NuStar GP from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.33.
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NuStar GP Profile
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.
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