Star Group's (SGU) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Star Group's stock has been reaffirmed with a "hold (C)" rating by Weiss Ratings and downgraded from a "strong-buy" to a "hold" rating by Wall Street Zen.
• Shares of Star Group experienced a slight increase of 0.6%, trading at $11.91, with a market cap of approximately $400.30 million.
• Recent insider activity includes Director Scott Baxter purchasing 15,000 shares of the stock at an average price of $11.79 per share.

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

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

Star Group Stock Up 0.6%

Shares of NYSE SGU traded up $0.07 during mid-day trading on Wednesday, reaching $11.91. The company had a trading volume of 36,486 shares, compared to its average volume of 35,892. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.51. The firm has a 50 day simple moving average of $11.68 and a two-hundred day simple moving average of $12.05. The stock has a market cap of $400.30 million, a P/E ratio of 9.02 and a beta of 0.32. Star Group has a 52-week low of $10.84 and a 52-week high of $13.75.

Star Group (NYSE:SGU - Get Free Report) last posted its earnings results on Wednesday, August 6th. The pipeline company reported ($0.48) EPS for the quarter. The company 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 Buying and Selling at Star Group

In other news, Director Scott Baxter bought 15,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average price of $11.79 per share, with a total value of $176,850.00. Following the completion of the acquisition, the director directly owned 15,000 shares in the company, valued at approximately $176,850. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.36% of the stock is currently owned by insiders.

Institutional Trading of Star Group

Several hedge funds and other institutional investors have recently made changes to their positions in SGU. Osaic Holdings Inc. boosted its holdings in shares of Star Group by 181.5% in the second quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company's stock valued at $61,000 after acquiring an additional 3,352 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Star Group in the second quarter valued at about $89,000. Fifth Third Bancorp purchased a new stake in shares of Star Group in the second quarter valued at about $191,000. Goldman Sachs Group Inc. purchased a new stake in shares of Star Group in the first quarter valued at about $231,000. Finally, Hyperion Capital Advisors LP purchased a new stake in shares of Star Group in the second quarter valued at about $344,000. Hedge funds and other institutional investors own 40.36% of the company's stock.

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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