Star Group (NYSE:SGU) Rating Lowered to “Buy” at StockNews.com

Star Group (NYSE:SGU) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Star Group Trading Down 1.8 %

NYSE:SGU traded down $0.21 during trading hours on Friday, hitting $11.79. 37,848 shares of the company were exchanged, compared to its average volume of 41,373. The stock has a market capitalization of $408.64 million, a price-to-earnings ratio of 11.56 and a beta of 0.46. Star Group has a one year low of $9.64 and a one year high of $14.76. The company has a fifty day simple moving average of $11.86 and a 200 day simple moving average of $11.41. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Star Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in Star Group during the third quarter worth approximately $566,000. Acadian Asset Management LLC acquired a new position in shares of Star Group during the 2nd quarter valued at $232,000. American Century Companies Inc. bought a new position in Star Group during the second quarter worth $124,000. GSA Capital Partners LLP grew its holdings in Star Group by 89.4% in the third quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company’s stock worth $269,000 after purchasing an additional 10,799 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Star Group by 0.3% during the second quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock valued at $10,623,000 after purchasing an additional 2,800 shares during the period. Institutional investors and hedge funds own 40.36% of the company’s stock.

Star Group Company Profile

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.