NuStar GP Holdings Director William Greehey Buys 50,000 Shares (NSH)
NuStar GP Holdings (NYSE:NSH) Director William Greehey acquired 50,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 25th. The stock was purchased at an average cost of $20.55 per share, for a total transaction of $1,027,500.00. Following the completion of the purchase, the director now directly owns 8,075,479 shares of the company’s stock, valued at approximately $165,951,093. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NuStar GP Holdings (NYSE:NSH) traded up 2.26% on Thursday, hitting $22.20. 642,968 shares of the company’s stock traded hands. NuStar GP Holdings has a 52-week low of $19.34 and a 52-week high of $34.17. The stock has a 50-day moving average of $22.72 and a 200-day moving average of $27.36. The company has a market cap of $946.3 million and a P/E ratio of 19.38.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of NuStar GP Holdings (NYSE:NSH) from $34.00 to $24.00 in a research note to investors on Monday, September 16th. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse downgraded shares of NuStar GP Holdings (NYSE:NSH) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, September 10th. They now have a $22.00 price target on the stock, down previously from $27.00. Finally, analysts at Credit Suisse initiated coverage on shares of NuStar GP Holdings (NYSE:NSH) in a research note to investors on Tuesday, July 16th. They set a “neutral” rating and a $27.00 price target on the stock.
NuStar GP Holdings, LLC (NYSE:NSH) is a limited liability company.
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