Shares of NuStar GP Holdings, LLC (NYSE:NSH) saw strong trading volume on Wednesday . 71,256 shares were traded during trading, an increase of 10% from the previous session’s volume of 64,607 shares.The stock last traded at $24.08 and had previously closed at $24.00.

Several analysts have recently commented on the stock. Citigroup Inc. upgraded shares of NuStar GP Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the company from $26.00 to $29.00 in a research report on Friday, August 12th. Zacks Investment Research downgraded shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. Finally, TheStreet downgraded shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.60.

The stock’s 50 day moving average price is $24.56 and its 200 day moving average price is $23.90. The company has a market cap of $1.03 billion, a P/E ratio of 16.75 and a beta of 1.02.

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NuStar GP Holdings (NYSE:NSH) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. Analysts predict that NuStar GP Holdings, LLC will post $1.48 earnings per share for the current year.

In other news, Director William E. Greehey acquired 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was purchased at an average cost of $25.15 per share, for a total transaction of $1,006,000.00. Following the completion of the transaction, the director now owns 8,569,215 shares in the company, valued at $215,515,757.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Greehey acquired 16,308 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average price of $24.72 per share, with a total value of $403,133.76. Following the completion of the transaction, the director now owns 8,584,823 shares of the company’s stock, valued at approximately $212,216,824.56. The disclosure for this purchase can be found here.

Large investors have recently added to or reduced their stakes in the company. Brown Advisory Securities LLC purchased a new stake in NuStar GP Holdings during the second quarter valued at about $254,000. Kayne Anderson Capital Advisors LP purchased a new stake in NuStar GP Holdings during the second quarter valued at about $2,822,000. GSA Capital Partners LLP boosted its stake in NuStar GP Holdings by 12.9% in the second quarter. GSA Capital Partners LLP now owns 42,683 shares of the company’s stock valued at $1,094,000 after buying an additional 4,878 shares during the last quarter. BB&T Securities LLC purchased a new stake in NuStar GP Holdings during the second quarter valued at about $274,000. Finally, M&T Bank Corp purchased a new stake in NuStar GP Holdings during the second quarter valued at about $213,000.

NuStar GP Holdings Company Profile

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products, and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

5 Day Chart for NYSE:NSH

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