A Reversal for Amerigas Partners L P (NYSE:APU) Is Near. The Stock Has Decrease in Shorts

October 13, 2017 - By Adrian Erickson

 A Reversal for Amerigas Partners L P (NYSE:APU) Is Near. The Stock Has Decrease in Shorts

Investors sentiment increased to 1.48 in Q2 2017. Its up 0.56, from 0.92 in 2017Q1. It is positive, as 18 investors sold AmeriGas Partners, L.P. shares while 43 reduced holdings. 25 funds opened positions while 65 raised stakes. 21.57 million shares or 2.01% less from 22.01 million shares in 2017Q1 were reported.
527 are owned by Tower Rech Limited (Trc). Bokf Na stated it has 8,422 shares. Baldwin Brothers Ma invested in 35,287 shares. Clean Yield Gru has 0.09% invested in AmeriGas Partners, L.P. (NYSE:APU). Wedgewood Invsts Inc Pa holds 0.18% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU) for 4,700 shares. Ray Gerald L & Assoc Ltd holds 8,650 shares. Verity And Verity Limited Com holds 4,290 shares. Bryn Mawr Tru holds 6,100 shares or 0.02% of its portfolio. 4,091 were accumulated by Walleye Trading Ltd Liability Company. Fifth Third National Bank & Trust owns 550 shares for 0% of their portfolio. Morgan Stanley has 290,750 shares for 0% of their portfolio. Cordasco Financial Networks has 0.02% invested in AmeriGas Partners, L.P. (NYSE:APU) for 325 shares. Moreover, Duff Phelps Investment Mgmt Communication has 0.04% invested in AmeriGas Partners, L.P. (NYSE:APU). Thrivent Finance For Lutherans invested in 360 shares or 0% of the stock. Karp Cap Mngmt Corp reported 8,143 shares or 0.18% of all its holdings.

The stock of Amerigas Partners L P (NYSE:APU) registered a decrease of 2.31% in short interest. APU’s total short interest was 2.21 million shares in October as published by FINRA. Its down 2.31% from 2.26 million shares, reported previously. With 150,400 shares average volume, it will take short sellers 15 days to cover their APU’s short positions. The short interest to Amerigas Partners L P’s float is 3.2%.

The stock increased 0.03% or $0.01 during the last trading session, reaching $44.96. About 97,679 shares traded. AmeriGas Partners, L.P. (NYSE:APU) has declined 1.59% since October 13, 2016 and is downtrending. It has underperformed by 18.29% the S&P500.

AmeriGas Partners, L.P. is a holding company. The company has market cap of $4.18 billion. The Firm is a retail propane distributor in the United States. It has a 83.98 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.

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

Among 6 analysts covering AmeriGas Partners LP (NYSE:APU), 1 have Buy rating, 3 Sell and 2 Hold. Therefore 17% are positive. AmeriGas Partners LP had 10 analyst reports since August 20, 2015 according to SRatingsIntel. As per Friday, February 3, the company rating was downgraded by Bank of America. The company was downgraded on Saturday, August 29 by TheStreet. The firm has “Neutral” rating given on Thursday, November 19 by UBS. The rating was downgraded by UBS to “Sell” on Friday, June 10. The rating was reinitiated by Janney Capital with “Buy” on Thursday, May 26. The stock of AmeriGas Partners, L.P. (NYSE:APU) has “Neutral” rating given on Monday, November 2 by JP Morgan. The rating was maintained by Jefferies on Thursday, June 22 with “Hold”. The company was maintained on Thursday, August 4 by Barclays Capital.

More notable recent AmeriGas Partners, L.P. (NYSE:APU) news were published by: Seekingalpha.com which released: “AmeriGas Partners: 8% Yielding MLP Keeps Chugging Along With Dividend Increases” on August 26, 2017, also Businesswire.com with their article: “AmeriGas Partners, LP to Hold 4QFY17 Earnings Conference Call and Webcast on …” published on October 12, 2017, Nasdaq.com published: “AmeriGas Partners Breaks Above 200-Day Moving Average – Bullish for APU” on September 29, 2017. More interesting news about AmeriGas Partners, L.P. (NYSE:APU) were released by: Nasdaq.com and their article: “AmeriGas Partners, LP (APU) Ex-Dividend Date Scheduled for May 08, 2017” published on May 05, 2017 as well as Fool.com‘s news article titled: “Better Buy: Ferrellgas Partners, LP vs. AmeriGas Partners, LP” with publication date: June 01, 2017.

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