Locust Wood Capital Advisers LLC Boosts Stake in Star Group LP (SGU)

Locust Wood Capital Advisers LLC grew its stake in shares of Star Group LP (NYSE:SGU) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,442,466 shares of the pipeline company’s stock after buying an additional 104,241 shares during the quarter. Star Group accounts for 1.1% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its 25th biggest position. Locust Wood Capital Advisers LLC owned 2.78% of Star Group worth $13,848,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SGU. Bandera Partners LLC raised its position in shares of Star Group by 6.5% during the 4th quarter. Bandera Partners LLC now owns 3,469,965 shares of the pipeline company’s stock valued at $32,409,000 after buying an additional 211,922 shares in the last quarter. Central Securities Corp grew its holdings in shares of Star Group by 8.8% during the 4th quarter. Central Securities Corp now owns 494,108 shares of the pipeline company’s stock valued at $4,615,000 after purchasing an additional 40,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Star Group during the 4th quarter valued at $249,000. First Republic Investment Management Inc. bought a new position in shares of Star Group during the 3rd quarter valued at $195,000. Finally, Virtu Financial LLC bought a new position in shares of Star Group during the 3rd quarter valued at $192,000. Hedge funds and other institutional investors own 43.62% of the company’s stock.

Shares of SGU stock traded up $0.14 on Tuesday, hitting $9.75. 39,829 shares of the company’s stock traded hands, compared to its average volume of 42,643. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.73 and a current ratio of 0.92. Star Group LP has a one year low of $8.87 and a one year high of $10.10. The firm has a market cap of $499.43 million, a P/E ratio of 10.26 and a beta of 0.22.

Star Group (NYSE:SGU) last released its earnings results on Tuesday, February 5th. The pipeline company reported $0.50 EPS for the quarter. Star Group had a net margin of 1.56% and a return on equity of 15.74%. The company had revenue of $535.03 million for the quarter.

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About Star Group

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 plumbing services. As of September 30, 2018, the company sold home heating oil and propane to approximately 454,000 full service residential and commercial customers.

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Institutional Ownership by Quarter for Star Group (NYSE:SGU)

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