Sicart Associates LLC Makes New Investment in Suburban Propane Partners LP (NYSE:SPH)

Sicart Associates LLC bought a new position in Suburban Propane Partners LP (NYSE:SPH) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,450 shares of the energy company’s stock, valued at approximately $578,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new stake in shares of Suburban Propane Partners during the 2nd quarter valued at $184,668,000. Renaissance Technologies LLC lifted its position in shares of Suburban Propane Partners by 188.4% during the 2nd quarter. Renaissance Technologies LLC now owns 169,367 shares of the energy company’s stock valued at $4,114,000 after acquiring an additional 110,648 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Suburban Propane Partners during the 2nd quarter valued at $704,000. First Republic Investment Management Inc. lifted its position in shares of Suburban Propane Partners by 74.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 53,064 shares of the energy company’s stock valued at $1,289,000 after acquiring an additional 22,572 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Suburban Propane Partners during the 2nd quarter valued at $291,000. Hedge funds and other institutional investors own 31.17% of the company’s stock.

NYSE:SPH traded up $0.01 during trading hours on Monday, hitting $23.69. 19,004 shares of the stock traded hands, compared to its average volume of 103,985. The firm has a 50 day moving average price of $23.55 and a 200 day moving average price of $23.44. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 2.42. Suburban Propane Partners LP has a fifty-two week low of $18.63 and a fifty-two week high of $24.89. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 4.06 and a beta of 0.88.

Suburban Propane Partners (NYSE:SPH) last announced its earnings results on Thursday, August 8th. The energy company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.05). Suburban Propane Partners had a net margin of 5.34% and a return on equity of 13.31%. The firm had revenue of $214.21 million for the quarter, compared to analyst estimates of $215.76 million. Research analysts predict that Suburban Propane Partners LP will post 1.17 EPS for the current year.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Suburban Propane Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. ValuEngine downgraded shares of Suburban Propane Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

Suburban Propane Partners Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.

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Institutional Ownership by Quarter for Suburban Propane Partners (NYSE:SPH)

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