Star Group (NYSE:SGU) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Star Group's stock has been given a "Hold (C)" rating by Weiss Ratings and has also seen a downgrade from "strong-buy" to "hold" by Wall Street Zen.
• The company reported a quarterly earnings loss of ($0.48) EPS with revenues of $305.62 million, reflecting a net margin of 3.77%.
• Insider activity includes Director Scott Baxter purchasing 15,000 shares at an average cost of $11.79 each, representing a significant increase in ownership.

Star Group (NYSE:SGU - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Star Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Star Group has an average rating of "Hold".

Star Group Price Performance

Shares of NYSE:SGU opened at $12.14 on Friday. The firm has a 50 day moving average of $11.72 and a 200-day moving average of $11.95. The stock has a market capitalization of $407.86 million, a PE ratio of 9.19 and a beta of 0.32. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.51. Star Group has a 12 month low of $10.84 and a 12 month high of $13.75.

Star Group (NYSE:SGU - Get Free Report) last issued its earnings results on Wednesday, August 6th. The pipeline company reported ($0.48) EPS for the quarter. The firm had revenue of $305.62 million during the quarter. Star Group had a net margin of 3.77% and a return on equity of 21.24%.

Insider Activity

In related news, Director Scott Baxter purchased 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average cost of $11.79 per share, with a total value of $176,850.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at $176,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 20.36% of the company's stock.

Institutional Investors Weigh In On Star Group

A number of institutional investors have recently added to or reduced their stakes in SGU. Joel Isaacson & Co. LLC bought a new stake in Star Group during the 1st quarter worth approximately $2,528,000. Hartree Partners LP grew its holdings in Star Group by 6.1% during the 1st quarter. Hartree Partners LP now owns 3,314,616 shares of the pipeline company's stock worth $43,687,000 after acquiring an additional 191,363 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Star Group during the 1st quarter worth approximately $231,000. Fifth Third Bancorp bought a new stake in Star Group during the 2nd quarter worth approximately $191,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Star Group by 60.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 54,443 shares of the pipeline company's stock worth $637,000 after acquiring an additional 20,495 shares during the last quarter. 40.36% of the stock is owned by institutional investors.

About Star Group

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.

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