Wall Street Zen Upgrades Star Group (NYSE:SGU) to Buy

Star Group (NYSE:SGU) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings raised shares of Star Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Star Group Stock Up 0.2%

Shares of Star Group stock opened at $11.84 on Friday. Star Group has a 1 year low of $11.11 and a 1 year high of $13.75. The firm has a market cap of $397.77 million, a price-to-earnings ratio of 8.00 and a beta of 0.33. The company has a 50-day moving average of $11.84 and a 200 day moving average of $11.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.59 and a quick ratio of 0.57.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hartree Partners LP lifted its stake in shares of Star Group by 6.1% in the first quarter. Hartree Partners LP now owns 3,314,616 shares of the pipeline company’s stock worth $43,687,000 after buying an additional 191,363 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Star Group by 91.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 104,083 shares of the pipeline company’s stock worth $1,231,000 after acquiring an additional 49,640 shares during the last quarter. Hyperion Capital Advisors LP bought a new position in Star Group in the 2nd quarter valued at approximately $344,000. Goldman Sachs Group Inc. bought a new position in Star Group in the 1st quarter valued at approximately $231,000. Finally, Fifth Third Bancorp purchased a new stake in Star Group during the 2nd quarter valued at $191,000. 40.36% of the stock is owned by hedge funds and other institutional investors.

Star Group Company Profile

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.