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

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

Star Group Stock Performance

Star Group stock opened at $11.79 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $11.86 and a 200-day moving average of $11.42. The firm has a market cap of $408.64 million, a P/E ratio of 20.68 and a beta of 0.46. Star Group has a 1-year low of $9.64 and a 1-year high of $14.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cove Street Capital LLC grew its holdings in Star Group by 15.6% during the 2nd quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company’s stock valued at $197,000 after purchasing an additional 2,500 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Star Group by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock worth $10,623,000 after purchasing an additional 2,800 shares during the period. GSA Capital Partners LLP lifted its position in shares of Star Group by 89.4% in the 3rd 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. American Century Companies Inc. purchased a new stake in shares of Star Group in the 2nd quarter worth approximately $124,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Star Group in the 2nd quarter worth approximately $232,000. Hedge funds and other institutional investors 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.