Cheniere Energy Partners LP Holdings LLC (NYSEAMERICAN:CQH) was the recipient of a large decline in short interest during the month of December. As of December 29th, there was short interest totalling 984,082 shares, a decline of 2.9% from the December 15th total of 1,013,246 shares. Currently, 2.5% of the shares of the company are short sold. Based on an average trading volume of 165,185 shares, the short-interest ratio is currently 6.0 days.
Several institutional investors and hedge funds have recently made changes to their positions in CQH. Jane Street Group LLC bought a new stake in Cheniere Energy Partners in the third quarter valued at about $327,000. Cubist Systematic Strategies LLC bought a new stake in Cheniere Energy Partners in the third quarter valued at about $205,000. California Public Employees Retirement System increased its stake in Cheniere Energy Partners by 39.6% in the third quarter. California Public Employees Retirement System now owns 34,201 shares of the energy company’s stock valued at $858,000 after acquiring an additional 9,701 shares during the period. GSA Capital Partners LLP increased its stake in Cheniere Energy Partners by 102.8% in the third quarter. GSA Capital Partners LLP now owns 16,443 shares of the energy company’s stock valued at $412,000 after acquiring an additional 8,337 shares during the period. Finally, Susquehanna International Group LLP increased its stake in Cheniere Energy Partners by 152.3% in the third quarter. Susquehanna International Group LLP now owns 20,227 shares of the energy company’s stock valued at $507,000 after acquiring an additional 12,211 shares during the period.
A number of brokerages have recently commented on CQH. Morgan Stanley upped their price objective on shares of Cheniere Energy Partners from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. BidaskClub raised shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. US Capital Advisors lowered shares of Cheniere Energy Partners from an “overweight” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.00.
Cheniere Energy Partners (NYSEAMERICAN:CQH) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.31). The firm had revenue of $5.08 million for the quarter, compared to analyst estimates of $104.60 million.
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About Cheniere Energy Partners
Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings) is a limited liability company. The Company’s business consists of owning and holding Cheniere Energy Patners, L.P. (Cheniere Partners) limited partner common units, Class B units and subordinated units (collectively, the Cheniere Partners units), along with cash or other property that it receives as distributions in respect of such units.
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