Suburban Propane Partners (NYSE:SPH) Rating Increased to Buy at UBS Group

Lloyd Doyle
January 14, 2018

The hedge fund run by David Abrams held 682,414 shares of the consumer services company at the end of 2017Q3, valued at $17.80 million, up from 388,969 at the end of the previous reported quarter. Summit Financial Wealth Advisors Llc who had been investing in Baxter Intl Inc for a number of months, seems to be bullish on the $37.23 billion market cap company. The stock increased 1.11% or $1.38 during the last trading session, reaching $125.89. Prudential Financial, Inc. (NYSE:PRU) has risen 33.66% since January 10, 2017 and is uptrending. It has outperformed by 15.85% the S&P500.

Deutsche Bank Ag increased Bunge Limited (BG) stake by 405560% reported in 2017Q3 SEC filing. Excalibur Management Corp acquired 6,254 shares as General Mills Inc (GIS)'s stock declined 5.07%. Corbenic Partners LLC now owns 7,527 shares of the energy company's stock worth $179,000 after buying an additional 21 shares during the last quarter. Traders may be following the stock over the next few sessions to watch for any potential signs of bearish momentum. About 2.37M shares traded. Suburban Propane Partners, L.P. (NYSE:SPH) has declined 28.60% since January 11, 2017 and is downtrending. It has underperformed by 45.30% the S&P500. Therefore 61% are positive. The firm has "Buy" rating by Janney Capital given on Wednesday, March 2. The firm has "Buy" rating given on Thursday, October 26 by Cowen & Co. Stifel Nicolaus maintained it with "Buy" rating and $30.0 target in Wednesday, December 30 report. The stock has "Neutral" rating by Citigroup on Friday, May 20. UBS upgraded it to "Neutral" rating and $42 target in Monday, August 10 report. (NYSE:CAT) has "Neutral" rating given on Friday, March 18 by Citigroup. The rating was upgraded by KeyBanc Capital Markets on Friday, December 16 to "Overweight".

Investors sentiment decreased to 1 in Q3 2017. Its up 0.14, from 1.21 in 2017Q2. 76 funds opened positions while 253 raised stakes. Bank & Trust Of Montreal Can stated it has 210,910 shares or 0.01% of all its holdings. 157.62 million shares or 0.16% less from 157.87 million shares in 2017Q2 were reported. Finally, Advisor Group Inc. purchased a new position in shares of Suburban Propane Partners, L.P. during the second quarter worth approximately $195,000. Pacad Investment Limited stated it has 3,900 shares or 0.1% of all its holdings. (NYSE:CAT). Woodstock has invested 0.18% in Caterpillar Inc. Charter holds 9,509 shares. Hudock Gp Ltd Liability Co reported 100 shares stake. 401.83 million shares or 0.39% less from 403.41 million shares in 2017Q2 were reported. Sumitomo Life Insur invested in 0.29% or 21,567 shares. Following the completion of the transaction, the vice president now directly owns 21,383 shares of the company's stock, valued at $624,597.43. Texas Yale Cap owns 91,450 shares for 0.21% of their portfolio. Therefore 74% are positive. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Barclays Capital maintained the stock with "Underweight" rating in Tuesday, August 11 report. Sei Investments Co. now owns 5,422 shares of the company's stock worth $181,000 after buying an additional 5,418 shares during the last quarter. The rating was downgraded by Stifel Nicolaus on Wednesday, February 15 to "Hold". The firm earned "Buy" rating on Thursday, October 13 by Stifel Nicolaus.

Suburban Propane Partners LP (SPH) presently has a 14-day Commodity Channel Index (CCI) of 50.39. Tru Of Vermont has 0.02% invested in Suburban Propane Partners, L.P. (NYSE:SPH) for 9,000 shares. After $-0.83 actual EPS reported by Suburban Propane Partners, L.P. for the previous quarter, Wall Street now forecasts -203.61% EPS growth. Credit Suisse Group set a $30.00 price target on Suburban Propane Partners, L.P. and gave the company a "sell" rating in a research note on Thursday, November 10th.


Abrams Capital Management Lp, which manages about $7.62 billion and $2.56B US Long portfolio, decreased its stake in Colony Northstar Inc by 3.73 million shares to 5.69M shares, valued at $71.47 million in 2017Q3, according to the filing.

Since September 18, 2017, it had 0 buys, and 1 sale for $51,471 activity.

Moreover, Novare Capital Management Llc has 0.43% invested in the company for 93,345 shares. The stock tapped a 52-week high of US$32.17 while the mean 12-month price target for the shares is US$27.2. Atlantic Group Limited Com holds 0.03% or 243,153 shares in its portfolio. Van Eck Associates Corporation accumulated 0.02% or 140,929 shares. Federated Investors Pa, Pennsylvania-based fund reported 464,619 shares. Ing Groep Nv invested in 430,602 shares. (NYSE:RHT). Virginia-based Thompson Davis Communication has invested 0.05% in Red Hat, Inc. Bowen Hanes And reported 0.25% in Suburban Propane Partners, L.P. (NYSE:SPH). Highland Capital Mgmt Limited Partnership invested in 0.03% or 29,059 shares. The stock of Suburban Propane Partners, L.P. (NYSE:SPH) earned "Hold" rating by Stifel Nicolaus on Thursday, July 13. The Massachusetts-based Panagora Asset Mngmt has invested 0.04% in Red Hat, Inc. Gulf Int Commercial Bank (Uk) Limited holds 187,490 shares.

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