Could Amerigas Partners L.P. (NYSE:APU) See a Reversal After Less Sellers Came In?

September 16, 2018 - By Carolyn Hewitt

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

Investors sentiment decreased to 0.76 in 2018 Q2. Its down 0.02, from 0.78 in 2018Q1. It dropped, as 16 investors sold AmeriGas Partners, L.P. shares while 60 reduced holdings. 22 funds opened positions while 36 raised stakes. 19.88 million shares or 5.10% less from 20.95 million shares in 2018Q1 were reported.
Barrett Asset Ltd Liability Corporation has 0% invested in AmeriGas Partners, L.P. (NYSE:APU). The Massachusetts-based Peddock Cap Limited Liability Company has invested 0.01% in AmeriGas Partners, L.P. (NYSE:APU). Shamrock Asset Management Llc owns 0.02% invested in AmeriGas Partners, L.P. (NYSE:APU) for 640 shares. The Iowa-based Cambridge Inv Rech Advsrs has invested 0.01% in AmeriGas Partners, L.P. (NYSE:APU). M&T Bancorporation Corp reported 89,811 shares stake. 14,268 were accumulated by Guggenheim Lc. Dynamic Advisor Solutions Llc reported 4,826 shares. Hsbc Holdings Public Ltd Company owns 8,377 shares or 0% of their US portfolio. A D Beadell Inv Counsel owns 11,450 shares or 0.4% of their US portfolio. The Montana-based First Interstate Commercial Bank has invested 0.02% in AmeriGas Partners, L.P. (NYSE:APU). First Manhattan owns 3,000 shares for 0% of their portfolio. Advisory Inc reported 84,049 shares. Suncoast Equity Mgmt holds 0.07% in AmeriGas Partners, L.P. (NYSE:APU) or 7,070 shares. Bessemer Gru invested 0% in AmeriGas Partners, L.P. (NYSE:APU). Legacy Prtnrs Inc holds 10,000 shares.

The stock of Amerigas Partners L.P. (NYSE:APU) registered a decrease of 5.59% in short interest. APU’s total short interest was 730,100 shares in September as published by FINRA. Its down 5.59% from 773,300 shares, reported previously. With 228,900 shares average volume, it will take short sellers 3 days to cover their APU’s short positions. The short interest to Amerigas Partners L.P.’s float is 1.06%.

The stock decreased 0.60% or $0.24 during the last trading session, reaching $39.89. About 175,956 shares traded. AmeriGas Partners, L.P. (NYSE:APU) has declined 8.05% since September 16, 2017 and is downtrending. It has underperformed by 23.67% 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 $3.71 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 23.74 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 5 analysts covering AmeriGas Partners (NYSE:APU), 0 have Buy rating, 3 Sell and 2 Hold. Therefore 0 are positive. AmeriGas Partners had 5 analyst reports since March 19, 2018 according to SRatingsIntel. The stock of AmeriGas Partners, L.P. (NYSE:APU) has “Underweight” rating given on Monday, March 19 by JP Morgan. The company was maintained on Wednesday, April 25 by Jefferies. The rating was maintained by Citigroup with “Neutral” on Tuesday, March 27. The company was downgraded on Monday, March 19 by J.P. Morgan. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, July 11 report.

Another recent and important AmeriGas Partners, L.P. (NYSE:APU) news was published by Seekingalpha.com which published an article titled: “Q2 ’18 Recap And The Barbell Profile Of MLP Distribution Growth” on August 22, 2018.

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

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