Morgan Stanley lowered shares of GasLog Partners LP Unit (NYSE:GLOP) from an overweight rating to an equal weight rating in a research note published on Tuesday morning, The Fly reports.
Separately, Zacks Investment Research lowered GasLog Partners LP Unit from a hold rating to a sell rating in a research note on Monday, December 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $27.36.
Shares of GLOP stock opened at $22.03 on Tuesday. GasLog Partners LP Unit has a 12-month low of $17.97 and a 12-month high of $25.99. The company has a market capitalization of $915.17 million, a P/E ratio of 12.52 and a beta of 1.25. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.34 and a quick ratio of 0.33.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC bought a new position in GasLog Partners LP Unit during the 4th quarter valued at $36,000. SeaBridge Investment Advisors LLC boosted its stake in GasLog Partners LP Unit by 100.0% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 2,000 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 1,000 shares in the last quarter. First Republic Investment Management Inc. bought a new position in GasLog Partners LP Unit during the 3rd quarter valued at $206,000. Paloma Partners Management Co bought a new position in GasLog Partners LP Unit during the 4th quarter valued at $248,000. Finally, American Asset Management Inc. boosted its stake in GasLog Partners LP Unit by 2.6% during the 4th quarter. American Asset Management Inc. now owns 21,250 shares of the shipping company’s stock valued at $421,000 after purchasing an additional 534 shares in the last quarter. 44.62% of the stock is owned by hedge funds and other institutional investors.
About GasLog Partners LP Unit
GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.
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