Amerigas Partners L.P. (NYSE:APU)’s Trend Up, Especially After Decreased Shorts

September 16, 2018 - By Richard Doty

AmeriGas Partners, L.P. (NYSE:APU) Logo

Investors sentiment decreased to 0.76 in 2018 Q2. Its down 0.02, from 0.78 in 2018Q1. It dropped, as 16 investors sold AmeriGas Partners, L.P. shares while 60 reduced holdings. 22 funds opened positions while 36 raised stakes. 19.88 million shares or 5.10% less from 20.95 million shares in 2018Q1 were reported.
California Public Employees Retirement System has 133,008 shares for 0.01% of their portfolio. Sei Invs Communication holds 24,549 shares. Creative Planning invested in 34,843 shares or 0.01% of the stock. 200 were accumulated by Live Your Vision Lc. Regions has invested 0% in AmeriGas Partners, L.P. (NYSE:APU). Synovus Fincl Corp stated it has 0% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU). River Road Asset Mngmt Llc, a Kentucky-based fund reported 722,664 shares. Jane Street Limited Company accumulated 4,921 shares. Eventide Asset Management Ltd Liability Corp has 0.06% invested in AmeriGas Partners, L.P. (NYSE:APU) for 32,000 shares. Cetera Advsrs Limited Liability Company reported 17,754 shares. Jnba Finance Advisors reported 0% in AmeriGas Partners, L.P. (NYSE:APU). Us National Bank & Trust De reported 16,190 shares. Trust Com Of Vermont has invested 0.03% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU). Eastern State Bank holds 0.02% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU) for 5,950 shares. Private Advisor Group Llc has 21,849 shares.

The stock of Amerigas Partners L.P. (NYSE:APU) registered a decrease of 5.59% in short interest. APU’s total short interest was 730,100 shares in September as published by FINRA. Its down 5.59% from 773,300 shares, reported previously. With 228,900 shares average volume, it will take short sellers 3 days to cover their APU’s short positions. The short interest to Amerigas Partners L.P.’s float is 1.06%.

The stock decreased 0.60% or $0.24 during the last trading session, reaching $39.89. About 175,956 shares traded. AmeriGas Partners, L.P. (NYSE:APU) has declined 8.05% since September 16, 2017 and is downtrending. It has underperformed by 23.67% the S&P500.

AmeriGas Partners, L.P. through its subsidiary, AmeriGas Propane, L.P., distributes propane and related equipment and supplies in the United States. The company has market cap of $3.71 billion. It serves approximately 1.9 million residential, commercial, industrial, agricultural, wholesale, and motor fuel clients in 50 states through approximately 1,900 propane distribution locations. It has a 23.74 P/E ratio. The companyÂ’s propane is used for home heating, water heating, and cooking purposes; to fire furnaces, as a cutting gas, and in other process applications; as a supplemental fuel and motor fuel; and for tobacco curing, chicken brooding, crop drying, and orchard heating applications.

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

Among 5 analysts covering AmeriGas Partners (NYSE:APU), 0 have Buy rating, 3 Sell and 2 Hold. Therefore 0 are positive. AmeriGas Partners had 5 analyst reports since March 19, 2018 according to SRatingsIntel. As per Monday, March 19, the company rating was downgraded by JP Morgan. The stock has “Sell” rating by J.P. Morgan on Monday, March 19. The firm has “Neutral” rating by Citigroup given on Tuesday, March 27. As per Wednesday, July 11, the company rating was maintained by Barclays Capital. The firm has “Hold” rating by Jefferies given on Wednesday, April 25.

Another recent and important AmeriGas Partners, L.P. (NYSE:APU) news was published by which published an article titled: “Q2 ’18 Recap And The Barbell Profile Of MLP Distribution Growth” on August 22, 2018.

AmeriGas Partners, L.P. (NYSE:APU) Institutional Positions Chart

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