Short Interest: Could Amerigas Partners L P (NYSE:APU) Skyrocket? The Stock Has Too Many Sellers

November 24, 2016 - By Clifton Ray   ·   0 Comments

Short Interest: Could Amerigas Partners L P (NYSE:APU) Skyrocket? The Stock Has Too Many Sellers

The stock of Amerigas Partners L P (NYSE:APU) registered an increase of 10.92% in short interest. APU’s total short interest was 858,100 shares in November as published by FINRA. Its up 10.92% from 773,600 shares, reported previously. With 169,100 shares average volume, it will take short sellers 5 days to cover their APU’s short positions. The short interest to Amerigas Partners L P’s float is 1.24%. The stock increased 0.89% or $0.41 on November 23, hitting $46.49. About 179,367 shares traded hands. AmeriGas Partners, L.P. (NYSE:APU) has risen 10.80% since April 22, 2016 and is uptrending. It has outperformed by 5.39% the S&P500.

AmeriGas Partners, L.P. is a holding company. The company has a market cap of $4.32 billion. The Firm is a retail propane distributor in the United States. It has a 25.94 P/E ratio. It serves approximately two million residential, commercial, industrial, agricultural, wholesale and motor fuel clients in all 50 states from approximately 2,000 propane distribution locations.

Insitutional Activity: The institutional sentiment increased to 1.43 in 2016 Q2. Its up 0.14, from 1.29 in 2016Q1. The ratio increased, as 21 funds sold all AmeriGas Partners, L.P. shares owned while 47 reduced positions. 21 funds bought stakes while 67 increased positions. They now own 17.09 million shares or 21.93% less from 21.89 million shares in 2016Q1.
Jackson Wealth Mgmt Ltd Company holds 0.55% or 31,769 shares in its portfolio. Hsbc Hldgs Pcl has 4,833 shares for 0% of their US portfolio. Guggenheim Lc has 0.01% invested in the company for 90,364 shares. Apriem Advisors last reported 1,000 shares in the company. Moreover, Baldwin Brothers Ma has 0.28% invested in AmeriGas Partners, L.P. (NYSE:APU) for 29,619 shares. Aston Asset Mgmt Ltd Liability has 39,545 shares for 1.12% of their US portfolio. Deutsche Bancorp Ag reported 10,252 shares or 0% of all its holdings. Washington Fincl Bank has invested 0.01% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU). The Massachusetts-based Ct Mason has invested 2.7% in AmeriGas Partners, L.P. (NYSE:APU). Pinnacle Assocs Limited reported 21,114 shares or 0.02% of all its holdings. Huntington Steele Ltd Liability Company holds 25,918 shares or 0.45% of its portfolio. The Maryland-based Edgemoor Inv Advsrs has invested 0.96% in AmeriGas Partners, L.P. (NYSE:APU). North Management reported 80,544 shares or 0.63% of all its holdings. Advisory Research holds 84,049 shares or 0.07% of its portfolio. Glenmede Trust Na has invested 0% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU).

AmeriGas Partners, L.P. (NYSE:APU) Ratings Coverage

Out of 5 analysts covering AmeriGas Partners LP (NYSE:APU), 2 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 40% are positive. AmeriGas Partners LP has been the topic of 8 analyst reports since August 20, 2015 according to StockzIntelligence Inc. UBS maintained the stock with “Neutral” rating in Thursday, November 19 report. JP Morgan maintained the shares of APU in a report on Monday, November 2 with “Neutral” rating. Barclays Capital maintained AmeriGas Partners, L.P. (NYSE:APU) rating on Thursday, August 4. Barclays Capital has “Underweight” rating and $47 price target. The stock of AmeriGas Partners, L.P. (NYSE:APU) earned “Buy” rating by TheStreet on Saturday, August 29. UBS downgraded the shares of APU in a report on Friday, June 10 to “Sell” rating. The stock of AmeriGas Partners, L.P. (NYSE:APU) has “Buy” rating given on Thursday, May 26 by Janney Capital.

APU Company Profile

AmeriGas Partners, L.P., incorporated on November 2, 1994, is a holding company. The Firm is a retail propane distributor in the United States. It serves approximately two million residential, commercial, industrial, agricultural, wholesale and motor fuel clients in all 50 states from approximately 2,000 propane distribution locations. It operates through the segment that engages in the distribution of propane and related equipment and supplies. The Firm conducts its business through its subsidiary, AmeriGas Propane, L.P. (AmeriGas OLP or Operating Partnership). AmeriGas Propane, Inc. is the Company’s general partner (the General Partner) and is responsible for managing its operations.

More important recent AmeriGas Partners, L.P. (NYSE:APU) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on March 09, 2011, also Nasdaq.com published article titled: “AmeriGas Partners, L.P. (APU) Ex-Dividend Date Scheduled for November 08, 2016”, Businesswire.com published: “AmeriGas Partners, L.P. to Hold 4QFY16 Earnings Conference Call and Webcast on …” on October 18, 2016. More interesting news about AmeriGas Partners, L.P. (NYSE:APU) was released by: Nasdaq.com and their article: “AmeriGas Partners, LP (APU) Ex-Dividend Date Scheduled for August 08, 2016” with publication date: August 05, 2016.

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By Clifton Ray


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