TheStreet Downgrades Star Group (NYSE:SGU) to C+

Star Group (NYSE:SGU) was downgraded by equities research analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued on Friday, TheStreetRatingsTable reports.

NYSE SGU opened at $9.65 on Friday. Star Group has a fifty-two week low of $8.87 and a fifty-two week high of $10.25. The company’s 50-day moving average is $9.77. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $471.61 million, a price-to-earnings ratio of 12.11 and a beta of 0.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of SGU. Locust Wood Capital Advisers LLC increased its stake in shares of Star Group by 7.8% in the first quarter. Locust Wood Capital Advisers LLC now owns 1,442,466 shares of the pipeline company’s stock worth $13,848,000 after purchasing an additional 104,241 shares during the period. Renaissance Technologies LLC increased its stake in shares of Star Group by 15.9% in the second quarter. Renaissance Technologies LLC now owns 979,901 shares of the pipeline company’s stock worth $9,789,000 after purchasing an additional 134,300 shares during the period. Central Securities Corp increased its stake in shares of Star Group by 13.4% in the first quarter. Central Securities Corp now owns 560,092 shares of the pipeline company’s stock worth $5,377,000 after purchasing an additional 65,984 shares during the period. Acadian Asset Management LLC increased its stake in shares of Star Group by 148.1% in the second quarter. Acadian Asset Management LLC now owns 260,787 shares of the pipeline company’s stock worth $2,603,000 after purchasing an additional 155,673 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Star Group by 3.8% in the second quarter. Wells Fargo & Company MN now owns 122,135 shares of the pipeline company’s stock worth $1,220,000 after purchasing an additional 4,524 shares during the period. Institutional investors own 42.20% of the company’s stock.

Star Group Company Profile

Star Group, L.P. operates as a home heating oil and propane distributor and services provider in the United States. It also installs, maintains, and repairs heating and air conditioning equipment, as well as offers plumbing services. As of September 30, 2018, the company sold home heating oil and propane to approximately 454,000 full service residential and commercial customers.

Featured Article: What does a market perform rating mean?

Receive News & Ratings for Star Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Group and related companies with MarketBeat.com's FREE daily email newsletter.