Star Group (NYSE:SGU) Rating Lowered to Buy at StockNews.com

Star Group (NYSE:SGU) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Star Group Price Performance

Star Group stock opened at $11.79 on Friday. Star Group has a 12 month low of $9.64 and a 12 month high of $14.76. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37. The business’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $11.42. The company has a market cap of $408.64 million, a price-to-earnings ratio of 20.68 and a beta of 0.46.

Institutional Investors Weigh In On Star Group

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. purchased a new stake in shares of Star Group during the second quarter worth $124,000. Cove Street Capital LLC lifted its position in shares of Star Group by 15.6% during the second quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company’s stock worth $197,000 after acquiring an additional 2,500 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Star Group during the second quarter worth $232,000. GSA Capital Partners LLP lifted its position in shares of Star Group by 89.4% during the third quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company’s stock worth $269,000 after acquiring an additional 10,799 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Star Group during the third quarter worth $566,000. Hedge funds and other institutional investors own 40.36% of the company’s stock.

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.