American Midstream Partners LP (AMID) Position Boosted by Neuberger Berman Group LLC

Neuberger Berman Group LLC increased its holdings in shares of American Midstream Partners LP (NYSE:AMID) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 793,275 shares of the pipeline company’s stock after buying an additional 28,200 shares during the quarter. Neuberger Berman Group LLC owned about 1.08% of American Midstream Partners worth $10,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMID. Raymond James Financial Services Advisors Inc. raised its holdings in shares of American Midstream Partners by 3.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,279 shares of the pipeline company’s stock worth $389,000 after purchasing an additional 1,095 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of American Midstream Partners in the 3rd quarter worth about $147,000. Arrow Investment Advisors LLC raised its holdings in shares of American Midstream Partners by 34.9% in the 3rd quarter. Arrow Investment Advisors LLC now owns 61,044 shares of the pipeline company’s stock worth $833,000 after purchasing an additional 15,805 shares during the period. Wells Fargo & Company MN raised its holdings in shares of American Midstream Partners by 81.4% in the 2nd quarter. Wells Fargo & Company MN now owns 57,321 shares of the pipeline company’s stock worth $737,000 after purchasing an additional 25,718 shares during the period. Finally, Citigroup Inc. raised its holdings in shares of American Midstream Partners by 727.1% in the 2nd quarter. Citigroup Inc. now owns 30,603 shares of the pipeline company’s stock worth $393,000 after purchasing an additional 26,903 shares during the period. Hedge funds and other institutional investors own 43.04% of the company’s stock.

A number of equities analysts have recently commented on AMID shares. BidaskClub downgraded American Midstream Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 30th. Zacks Investment Research lowered American Midstream Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Royal Bank of Canada reiterated a “hold” rating and issued a $14.00 target price on shares of American Midstream Partners in a research note on Tuesday, October 3rd. Finally, Citigroup lowered American Midstream Partners from a “buy” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $16.00 in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. American Midstream Partners presently has a consensus rating of “Hold” and a consensus price target of $15.00.

In other American Midstream Partners news, Director Gerald A. Tywoniuk sold 2,925 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $13.26, for a total transaction of $38,785.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Lynn L. Bourdon III bought 10,000 shares of American Midstream Partners stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of $12.49 per share, for a total transaction of $124,900.00. Following the acquisition, the chairman now owns 150,842 shares in the company, valued at $1,884,016.58. The disclosure for this purchase can be found here. Company insiders own 5.40% of the company’s stock.

Shares of American Midstream Partners LP (NYSE:AMID) opened at $13.25 on Wednesday. American Midstream Partners LP has a 12 month low of $11.10 and a 12 month high of $18.45. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $703.34, a P/E ratio of -8.55 and a beta of 0.98.

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American Midstream Partners Company Profile

American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company provides midstream infrastructure that links producers of natural gas, crude oil, natural gas liquids (NGLs), condensate and specialty chemicals to numerous intermediate and end-use markets.

Institutional Ownership by Quarter for American Midstream Partners (NYSE:AMID)

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