Amerigas Partners L.P. (NYSE:APU) on Focus After Report of Less Shorts

June 18, 2018 - By Adrian Mccoy

AmeriGas Partners, L.P. (NYSE:APU) Logo

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.22, from 1 in 2017Q4. It worsened, as 24 investors sold AmeriGas Partners, L.P. shares while 56 reduced holdings. 23 funds opened positions while 39 raised stakes. 20.95 million shares or 2.99% less from 21.59 million shares in 2017Q4 were reported.
Glenmede Trust Na holds 18,600 shares or 0% of its portfolio. Ironwood Financial Ltd Liability Corp holds 0.06% or 1,331 shares in its portfolio. The New Jersey-based Bessemer Group Inc has invested 0% in AmeriGas Partners, L.P. (NYSE:APU). Goldman Sachs Grp holds 0.01% in AmeriGas Partners, L.P. (NYSE:APU) or 1.24 million shares. Bb&T Ltd Com owns 66,190 shares. Envestnet Asset Mgmt Inc holds 4,452 shares or 0% of its portfolio. Peak6 Investments Ltd Partnership accumulated 0% or 8,681 shares. 4,280 were accumulated by Kistler. Tower Rech Capital Ltd Co (Trc) holds 0.03% or 9,042 shares. Moreover, Guggenheim Limited Liability Company has 0% invested in AmeriGas Partners, L.P. (NYSE:APU). Citadel Advisors Ltd Liability Co holds 20,263 shares. Bnp Paribas Arbitrage reported 15,046 shares or 0% of all its holdings. Hollow Brook Wealth Management Limited Liability has invested 0.22% in AmeriGas Partners, L.P. (NYSE:APU). Miller Howard Invests New York reported 0.16% in AmeriGas Partners, L.P. (NYSE:APU). Stratos Wealth Prtn stated it has 5,608 shares or 0.01% of all its holdings.

Since February 7, 2018, it had 0 insider purchases, and 1 sale for $228,206 activity.

The stock of Amerigas Partners L.P. (NYSE:APU) registered a decrease of 14.23% in short interest. APU’s total short interest was 1.25M shares in June as published by FINRA. Its down 14.23% from 1.46M shares, reported previously. With 194,800 shares average volume, it will take short sellers 6 days to cover their APU’s short positions. The short interest to Amerigas Partners L.P.’s float is 1.35%.

The stock decreased 0.10% or $0.04 during the last trading session, reaching $41.6. About 26,847 shares traded. AmeriGas Partners, L.P. (NYSE:APU) has declined 6.78% since June 18, 2017 and is downtrending. It has underperformed by 19.35% the S&P500.

AmeriGas Partners, L.P. through its subsidiary, AmeriGas Propane, L.P., distributes propane and related equipment and supplies in the United States. The company has market cap of $3.87 billion. It serves approximately 1.9 million residential, commercial, industrial, agricultural, wholesale, and motor fuel clients in 50 states through approximately 1,900 propane distribution locations. It has a 25.66 P/E ratio. The companyÂ’s propane is used for home heating, water heating, and cooking purposes; to fire furnaces, as a cutting gas, and in other process applications; as a supplemental fuel and motor fuel; and for tobacco curing, chicken brooding, crop drying, and orchard heating applications.

AmeriGas Partners, L.P. (NYSE:APU) Ratings Coverage

Among 4 analysts covering AmeriGas Partners (NYSE:APU), 0 have Buy rating, 2 Sell and 2 Hold. Therefore 0 are positive. AmeriGas Partners had 4 analyst reports since March 19, 2018 according to SRatingsIntel. Jefferies maintained the shares of APU in report on Wednesday, April 25 with “Hold” rating. As per Tuesday, March 27, the company rating was maintained by Citigroup. J.P. Morgan downgraded AmeriGas Partners, L.P. (NYSE:APU) rating on Monday, March 19. J.P. Morgan has “Sell” rating and $44.0 target. The stock of AmeriGas Partners, L.P. (NYSE:APU) has “Underweight” rating given on Monday, March 19 by JP Morgan.

AmeriGas Partners, L.P. (NYSE:APU) Institutional Positions Chart

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