Summit Midstream Partners LP (SMLP) Shares Sold by Atlantic Trust Group LLC

Atlantic Trust Group LLC lessened its stake in shares of Summit Midstream Partners LP (NYSE:SMLP) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,057,923 shares of the pipeline company’s stock after selling 79,765 shares during the quarter. Atlantic Trust Group LLC owned 1.42% of Summit Midstream Partners worth $21,158,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA purchased a new position in shares of Summit Midstream Partners in the third quarter valued at approximately $105,000. Alliancebernstein L.P. boosted its stake in shares of Summit Midstream Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 10,004 shares of the pipeline company’s stock valued at $227,000 after purchasing an additional 560 shares during the period. Institutional & Family Asset Management LLC purchased a new position in shares of Summit Midstream Partners in the third quarter valued at approximately $309,000. Twin Focus Capital Partners LLC purchased a new position in shares of Summit Midstream Partners in the second quarter valued at approximately $453,000. Finally, Stifel Financial Corp boosted its stake in shares of Summit Midstream Partners by 97.4% in the second quarter. Stifel Financial Corp now owns 22,140 shares of the pipeline company’s stock valued at $501,000 after purchasing an additional 10,925 shares during the period. 48.77% of the stock is owned by institutional investors.

Several research firms have recently commented on SMLP. BidaskClub lowered shares of Summit Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. ValuEngine raised shares of Summit Midstream Partners from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Finally, Zacks Investment Research cut shares of Summit Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.50.

Shares of Summit Midstream Partners LP (NYSE SMLP) opened at $20.65 on Friday. The firm has a market cap of $1,510.00, a P/E ratio of 14.14 and a beta of 1.65. Summit Midstream Partners LP has a 1-year low of $18.30 and a 1-year high of $26.50. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12.

TRADEMARK VIOLATION NOTICE: This article was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.com-unik.info/2017/12/24/summit-midstream-partners-lp-smlp-shares-sold-by-atlantic-trust-group-llc.html.

Summit Midstream Partners Company Profile

Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The Company’s segments include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC (DFW Midstream), and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P.

Institutional Ownership by Quarter for Summit Midstream Partners (NYSE:SMLP)

Receive News & Ratings for Summit Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit