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Factory pricing with exceptional quality Begins Coverage on Star Group (NYSE:SGU)

Jun 24, 2023

Equities researchers at began coverage on shares of Star Group (NYSE:SGU - Get Free Report) in a research report issued on Sunday. The brokerage set a "buy" rating on the pipeline company's stock.

Separately, TheStreet lowered Star Group from a "b" rating to a "c" rating in a research report on Thursday, August 3rd.

Get Our Latest Report on Star Group

Shares of SGU stock opened at $11.92 on Friday. Star Group has a 12-month low of $8.00 and a 12-month high of $15.22. The company has a current ratio of 0.79, a quick ratio of 0.64 and a debt-to-equity ratio of 0.47. The stock's 50-day moving average price is $13.10 and its 200-day moving average price is $13.04. The stock has a market capitalization of $424.35 million, a price-to-earnings ratio of -42.57 and a beta of 0.47.

In other news, major shareholder Bandera Partners Llc sold 15,588 shares of the company's stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $15.09, for a total transaction of $235,222.92. Following the transaction, the insider now owns 3,446,072 shares of the company's stock, valued at $52,001,226.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 20.36% of the company's stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG lifted its holdings in Star Group by 50.7% during the third quarter. UBS Group AG now owns 6,584 shares of the pipeline company's stock worth $53,000 after buying an additional 2,216 shares during the period. Barclays PLC lifted its holdings in Star Group by 1,582.6% during the second quarter. Barclays PLC now owns 5,805 shares of the pipeline company's stock worth $80,000 after buying an additional 5,460 shares during the period. Trexquant Investment LP purchased a new stake in Star Group during the third quarter worth $97,000. Envestnet Asset Management Inc. purchased a new stake in Star Group during the second quarter worth $105,000. Finally, Legal & General Group Plc lifted its holdings in shares of Star Group by 365.5% during the 2nd quarter. Legal & General Group Plc now owns 12,312 shares of the pipeline company's stock valued at $113,000 after purchasing an additional 9,667 shares during the last quarter. Institutional investors own 32.47% of the company's stock.

Star Group, L.P. sells home heating and air conditioning products and services to residential and commercial home heating oil and propane customers in the United States. It also sells diesel fuel, gasoline, and home heating oil on a delivery only basis, as well as provide plumbing services; and installs maintains, and repairs heating and air conditioning equipment.

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