Shorts On Watch: What’s Propelling Transmontaigne Partners LP (NYSE:TLP) After Lower Shorts Reported?

November 17, 2016 - By Dolores Ford   ·   0 Comments

Shorts On Watch: What’s Propelling Transmontaigne Partners LP (NYSE:TLP) After Lower Shorts Reported?

The stock of Transmontaigne Partners LP (NYSE:TLP) registered a decrease of 0.35% in short interest. TLP’s total short interest was 113,300 shares in November as published by FINRA. Its down 0.35% from 113,700 shares, reported previously. With 37,400 shares average volume, it will take short sellers 3 days to cover their TLP’s short positions. The short interest to Transmontaigne Partners LP’s float is 0.88%. About 24,031 shares traded hands. TransMontaigne Partners L.P. (NYSE:TLP) has risen 6.43% since April 15, 2016 and is uptrending. It has outperformed by 1.81% the S&P500.

TransMontaigne Partners L.P. is a terminaling and transportation firm with activities in the United States along the Gulf Coast, in the Midwest, in Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. The company has a market cap of $635.05 million. The Company’s divisions are Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals. It has a 19.54 P/E ratio. The Firm provides integrated terminaling, storage, transportation and related services for clients engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products.

Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 1.02, from 2.06 in 2016Q1. The ratio dived, as 8 funds sold all TransMontaigne Partners L.P. shares owned while 18 reduced positions. 7 funds bought stakes while 20 increased positions. They now own 9.77 million shares or 50.15% more from 6.51 million shares in 2016Q1.
Arclight Capital Partners Ltd Liability Co holds 3.17 million shares or 15.47% of its portfolio. Moreover, Stifel Fincl Corp has 0% invested in TransMontaigne Partners L.P. (NYSE:TLP) for 6,115 shares. Bank Of Mellon holds 49,153 shares or 0% of its portfolio. Obermeyer Wood Investment Counsel Lllp, a Colorado-based fund reported 25,464 shares. Deutsche Bancshares Ag reported 67,791 shares or 0% of all its holdings. Goldman Sachs Group Incorporated accumulated 0.01% or 411,670 shares. National Bank & Trust Of America De last reported 0% of its portfolio in the stock. The New York-based Renaissance Tech Limited Liability Com has invested 0.01% in TransMontaigne Partners L.P. (NYSE:TLP). Aston Asset Mngmt Limited Liability Company has 0.51% invested in the company for 20,518 shares. Moreover, First Eagle Invest Ltd Liability Com has 0.08% invested in TransMontaigne Partners L.P. (NYSE:TLP) for 732,203 shares. Westport Res Inc accumulated 0.22% or 16,366 shares. First Advsr Ltd Partnership has 0.02% invested in the company for 143,770 shares. Glenmede Company Na last reported 0% of its portfolio in the stock. Eagle Glob Advisors Lc accumulated 0.01% or 7,600 shares. Advisory Rech holds 0.04% of its portfolio in TransMontaigne Partners L.P. (NYSE:TLP) for 55,888 shares.

TransMontaigne Partners L.P. (NYSE:TLP) Ratings Coverage

Out of 4 analysts covering TransMontaigne Partners L.P. (NYSE:TLP), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. TransMontaigne Partners L.P. has been the topic of 8 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, August 14 by Zacks. FBR Capital initiated TransMontaigne Partners L.P. (NYSE:TLP) rating on Friday, September 9. FBR Capital has “Outperform” rating and $49 price target. Stifel Nicolaus maintained the shares of TLP in a report on Thursday, January 28 with “Buy” rating. The company was maintained on Wednesday, March 2 by Stifel Nicolaus. The firm has “Neutral” rating given on Thursday, September 1 by Mitsubishi UFJ. The rating was initiated by DA Davidson on Thursday, August 18 with “Neutral”. The rating was upgraded by Stifel Nicolaus to “Buy” on Thursday, December 24.

TLP Company Profile

TransMontaigne Partners L.P. (TransMontaigne Partners), incorporated on February 23, 2005, is a terminaling and transportation firm with activities in the United States along the Gulf Coast, in the Midwest, in Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. The Company’s divisions are Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals. The Firm provides integrated terminaling, storage, transportation and related services for clients engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products. Light refined products include gasolines, diesel fuels, heating oil and jet fuels. Heavy refined products include residual fuel oils and asphalt.

More important recent TransMontaigne Partners L.P. (NYSE:TLP) news were published by: Marketwatch.com which released: “Transmontaigne Partners upgraded to buy from hold at Stifel Nicolaus” on October 08, 2010, also Reuters.com published article titled: “BRIEF-Transmontaigne Partners Lp – announces increase in qrtly dividend”, Businesswire.com published: “TransMontaigne Partners L.P. Announces That NGL Energy Partners Has Closed on …” on February 02, 2016. More interesting news about TransMontaigne Partners L.P. (NYSE:TLP) was released by: Businesswire.com and their article: “TransMontaigne Partners L.P. Announces Financial Results for the Quarter Ended …” with publication date: May 05, 2016.

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By Dolores Ford


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