Could Amerigas Partners L P (NYSE:APU) Change Direction After Less Shorts?

October 13, 2017 - By Adrian Erickson

 Could Amerigas Partners L P (NYSE:APU) Change Direction After Less Shorts?

Investors sentiment increased to 1.48 in Q2 2017. Its up 0.56, from 0.92 in 2017Q1. It improved, as 18 investors sold AmeriGas Partners, L.P. shares while 43 reduced holdings. 25 funds opened positions while 65 raised stakes. 21.57 million shares or 2.01% less from 22.01 million shares in 2017Q1 were reported.
Cetera Advsr Limited Liability Com reported 17,104 shares stake. The Florida-based Wilen Inv Management has invested 0.44% in AmeriGas Partners, L.P. (NYSE:APU). Clearbridge Limited Liability reported 0.06% in AmeriGas Partners, L.P. (NYSE:APU). Moreover, Next Fin Gp has 0% invested in AmeriGas Partners, L.P. (NYSE:APU) for 1,745 shares. Eventide Asset Mngmt Ltd accumulated 20,000 shares. Glenmede Trust Na accumulated 6,270 shares. Goldman Sachs Group Inc Inc stated it has 0.02% in AmeriGas Partners, L.P. (NYSE:APU). Miller Howard Invs Inc Ny has invested 0.15% in AmeriGas Partners, L.P. (NYSE:APU). Credit Suisse Ag stated it has 0% in AmeriGas Partners, L.P. (NYSE:APU). Barnett invested in 0.12% or 5,730 shares. Moreover, Kings Point Management has 0.01% invested in AmeriGas Partners, L.P. (NYSE:APU). Royal Financial Bank Of Canada reported 0.04% in AmeriGas Partners, L.P. (NYSE:APU). Benjamin F Edwards Company Inc accumulated 400 shares. Natixis Asset holds 0.02% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU) for 3,879 shares. 48,682 were reported by Tiedemann Wealth Limited Liability.

The stock of Amerigas Partners L P (NYSE:APU) registered a decrease of 2.31% in short interest. APU’s total short interest was 2.21 million shares in October as published by FINRA. Its down 2.31% from 2.26M shares, reported previously. With 150,400 shares average volume, it will take short sellers 15 days to cover their APU’s short positions. The short interest to Amerigas Partners L P’s float is 3.2%.

The stock increased 0.03% or $0.01 during the last trading session, reaching $44.96. About 97,679 shares traded. AmeriGas Partners, L.P. (NYSE:APU) has declined 1.59% since October 13, 2016 and is downtrending. It has underperformed by 18.29% the S&P500.

AmeriGas Partners, L.P. is a holding company. The company has market cap of $4.18 billion. The Firm is a retail propane distributor in the United States. It has a 83.98 P/E ratio. It serves approximately two million residential, commercial, industrial, agricultural, wholesale and motor fuel clients in all 50 states from approximately 2,000 propane distribution locations.

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

Among 6 analysts covering AmeriGas Partners LP (NYSE:APU), 1 have Buy rating, 3 Sell and 2 Hold. Therefore 17% are positive. AmeriGas Partners LP had 10 analyst reports since August 20, 2015 according to SRatingsIntel. On Monday, November 2 the stock rating was maintained by JP Morgan with “Neutral”. The stock of AmeriGas Partners, L.P. (NYSE:APU) earned “Sell” rating by UBS on Friday, June 10. As per Thursday, June 22, the company rating was maintained by Jefferies. The stock has “Neutral” rating by UBS on Thursday, November 19. The rating was reinitiated by Janney Capital on Thursday, May 26 with “Buy”. The firm earned “Buy” rating on Saturday, August 29 by TheStreet. Barclays Capital maintained AmeriGas Partners, L.P. (NYSE:APU) on Thursday, August 4 with “Underweight” rating. The rating was downgraded by Bank of America to “Underperform” on Friday, February 3.

More notable recent AmeriGas Partners, L.P. (NYSE:APU) news were published by: Seekingalpha.com which released: “AmeriGas Partners: Is Its 8.5% Yield Sustainable?” on July 21, 2017, also Nasdaq.com with their article: “AmeriGas Partners, LP (APU) Ex-Dividend Date Scheduled for August 08, 2017” published on August 07, 2017, Businesswire.com published: “AmeriGas Partners, LP to Hold 4QFY17 Earnings Conference Call and Webcast on …” on October 12, 2017. More interesting news about AmeriGas Partners, L.P. (NYSE:APU) were released by: Nasdaq.com and their article: “AmeriGas Partners Breaks Above 200-Day Moving Average – Bullish for APU” published on September 29, 2017 as well as Seekingalpha.com‘s news article titled: “AmeriGas Partners: 8% Yielding MLP Keeps Chugging Along With Dividend Increases” with publication date: August 26, 2017.

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