Lafitte Capital Management LP increased its position in Hi-Crush Partners LP (NYSE:HCLP) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,100,000 shares of the basic materials company’s stock after purchasing an additional 600,000 shares during the quarter. Hi-Crush Partners makes up 13.7% of Lafitte Capital Management LP’s portfolio, making the stock its 4th biggest position. Lafitte Capital Management LP owned 3.41% of Hi-Crush Partners worth $33,170,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in HCLP. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Hi-Crush Partners during the 4th quarter worth about $107,000. GSA Capital Partners LLP acquired a new position in shares of Hi-Crush Partners during the 3rd quarter worth about $129,000. Advisor Group Inc. grew its position in shares of Hi-Crush Partners by 80.5% during the 3rd quarter. Advisor Group Inc. now owns 15,780 shares of the basic materials company’s stock worth $151,000 after buying an additional 7,036 shares during the period. Penn Capital Management Co. Inc. grew its position in shares of Hi-Crush Partners by 44.8% during the 4th quarter. Penn Capital Management Co. Inc. now owns 24,284 shares of the basic materials company’s stock worth $260,000 after buying an additional 7,513 shares during the period. Finally, Pinnacle Associates Ltd. grew its position in shares of Hi-Crush Partners by 103.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 29,460 shares of the basic materials company’s stock worth $280,000 after buying an additional 14,960 shares during the period. Hedge funds and other institutional investors own 34.11% of the company’s stock.
Hi-Crush Partners LP (NYSE HCLP) opened at $12.85 on Wednesday. Hi-Crush Partners LP has a 1-year low of $7.25 and a 1-year high of $18.25. The company has a current ratio of 1.99, a quick ratio of 1.53 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1,136.41, a PE ratio of 14.28 and a beta of 1.10.
Several equities analysts have recently issued reports on the company. Guggenheim restated a “buy” rating and set a $20.00 target price on shares of Hi-Crush Partners in a research report on Friday, February 23rd. Piper Jaffray Companies restated a “buy” rating and set a $13.25 target price on shares of Hi-Crush Partners in a research report on Friday, February 23rd. R. F. Lafferty boosted their target price on Hi-Crush Partners from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Zacks Investment Research upgraded Hi-Crush Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, ValuEngine lowered Hi-Crush Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Hi-Crush Partners has a consensus rating of “Buy” and an average target price of $16.66.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/03/14/hi-crush-partners-lp-hclp-is-lafitte-capital-management-lps-4th-largest-position.html.
Hi-Crush Partners Company Profile
Hi-Crush Partners LP is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.
Want to see what other hedge funds are holding HCLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hi-Crush Partners LP (NYSE:HCLP).
Receive News & Ratings for Hi-Crush Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hi-Crush Partners and related companies with MarketBeat.com's FREE daily email newsletter.