Star Group (NYSE:SGU) Upgraded at Wall Street Zen

Star Group (NYSE:SGU) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors 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 Tuesday, January 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Star Group has an average rating of “Buy”.

Star Group Stock Performance

NYSE SGU opened at $12.63 on Friday. Star Group has a 52-week low of $11.31 and a 52-week high of $13.75. The business’s 50-day moving average price is $12.10 and its 200 day moving average price is $11.86. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.56. The firm has a market cap of $416.54 million, a P/E ratio of 8.53 and a beta of 0.35.

Star Group (NYSE:SGU) last released its earnings results on Monday, December 8th. The pipeline company reported ($0.84) earnings per share (EPS) for the quarter. Star Group had a net margin of 4.12% and a return on equity of 22.68%. The company had revenue of $247.69 million during the quarter. During the same quarter in the prior year, the firm posted ($1.00) earnings per share.

Hedge Funds Weigh In On Star Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its stake in shares of Star Group by 181.5% in the second quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock valued at $61,000 after purchasing an additional 3,352 shares during the period. Raymond James Financial Inc. acquired a new position in Star Group during the second quarter worth about $89,000. Bank of America Corp DE increased its holdings in Star Group by 91.7% in the third quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock valued at $140,000 after buying an additional 5,667 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Star Group during the 3rd quarter valued at approximately $150,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Star Group during the 1st quarter valued at approximately $231,000. 40.36% of the stock is owned by institutional investors and hedge funds.

About Star Group

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. It also sells gasoline and diesel fuel to approximately 26,600 customers.