World Point Terminals, LP (NYSE:WPT) major shareholder World Point Terminals, Inc. purchased 3,066,864 shares of World Point Terminals, stock in a transaction dated Monday, July 10th. The stock was acquired at an average price of $17.30 per share, for a total transaction of $53,056,747.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

World Point Terminals, Inc. also recently made the following trade(s):

  • On Friday, June 30th, World Point Terminals, Inc. purchased 6,127,974 shares of World Point Terminals, stock. The stock was acquired at an average price of $17.30 per share, for a total transaction of $106,013,950.20.

World Point Terminals, LP (NYSE:WPT) remained flat at $17.29 during mid-day trading on Wednesday. The company’s stock had a trading volume of 40,197 shares. The firm has a market capitalization of $602.75 million, a PE ratio of 16.58 and a beta of 0.43. The stock’s 50-day moving average is $17.00 and its 200-day moving average is $16.81. World Point Terminals, LP has a 12-month low of $14.25 and a 12-month high of $17.90.

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WPT has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $17.00 price target on shares of World Point Terminals, in a report on Friday, June 30th. ValuEngine downgraded World Point Terminals, from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded World Point Terminals, from a “hold” rating to a “sell” rating in a report on Saturday, March 18th. Finally, Stephens cut World Point Terminals, from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective on the stock. in a research note on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of World Point Terminals, by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 13,960 shares of the pipeline company’s stock worth $227,000 after buying an additional 774 shares during the last quarter. Western Standard LLC increased its position in shares of World Point Terminals, by 210.2% in the first quarter. Western Standard LLC now owns 70,212 shares of the pipeline company’s stock worth $1,142,000 after buying an additional 47,575 shares during the last quarter. Stephens Inc. AR increased its position in shares of World Point Terminals, by 3.6% in the first quarter. Stephens Inc. AR now owns 84,747 shares of the pipeline company’s stock worth $1,379,000 after buying an additional 2,943 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of World Point Terminals, during the first quarter worth approximately $500,000. Finally, Renaissance Technologies LLC increased its position in shares of World Point Terminals, by 10.0% in the fourth quarter. Renaissance Technologies LLC now owns 72,054 shares of the pipeline company’s stock worth $1,192,000 after buying an additional 6,561 shares during the last quarter. Hedge funds and other institutional investors own 13.20% of the company’s stock.

World Point Terminals, Company Profile

World Point Terminals, LP owns, operates, develops and acquires liquid bulk storage terminals and other assets relating to the storage of petroleum products, including light refined products, heavy refined products and crude oil. The Company operates fee-based facilities located along the East Coast, Gulf Coast and Midwest regions of the United States.

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