Spirit of America Management Corp NY boosted its position in Rice Midstream Partners LP (NYSE:RMP) by 9.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 925,392 shares of the company’s stock after buying an additional 82,600 shares during the period. Rice Midstream Partners makes up about 2.9% of Spirit of America Management Corp NY’s portfolio, making the stock its largest position. Spirit of America Management Corp NY owned approximately 1.14% of Rice Midstream Partners worth $22,450,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Rice Midstream Partners by 3.9% in the first quarter. State Street Corp now owns 26,293 shares of the company’s stock worth $391,000 after buying an additional 983 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Rice Midstream Partners by 10.4% in the second quarter. BNP Paribas Arbitrage SA now owns 12,128 shares of the company’s stock worth $248,000 after buying an additional 1,144 shares during the last quarter. Hollencrest Securities LLC raised its stake in Rice Midstream Partners by 10.6% in the third quarter. Hollencrest Securities LLC now owns 23,400 shares of the company’s stock worth $568,000 after buying an additional 2,240 shares during the last quarter. Usca Ria LLC raised its stake in Rice Midstream Partners by 11.7% in the second quarter. Usca Ria LLC now owns 28,750 shares of the company’s stock worth $587,000 after buying an additional 3,000 shares during the last quarter. Finally, Creative Planning raised its stake in Rice Midstream Partners by 78.2% in the third quarter. Creative Planning now owns 9,740 shares of the company’s stock worth $236,000 after buying an additional 4,275 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Institutional Ownership by Quarter for Rice Midstream Partners (NYSE:RMP)

Shares of Rice Midstream Partners LP (NYSE:RMP) traded down 1.28% during trading on Friday, hitting $22.44. 204,996 shares of the stock were exchanged. Rice Midstream Partners LP has a one year low of $8.40 and a one year high of $24.30. The stock has a market cap of $1.82 billion, a PE ratio of 17.46 and a beta of 1.35. The stock’s 50 day moving average price is $22.34 and its 200 day moving average price is $19.29.

Rice Midstream Partners (NYSE:RMP) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.26 by $0.12. The firm had revenue of $46.55 million for the quarter, compared to analyst estimates of $39.23 million. Rice Midstream Partners had a return on equity of 15.87% and a net margin of 57.23%. Rice Midstream Partners’s revenue for the quarter was up 63.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. Equities research analysts predict that Rice Midstream Partners LP will post ($0.13) EPS for the current year.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Rice Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Drexel Hamilton assumed coverage on shares of Rice Midstream Partners in a research note on Tuesday, August 16th. They set a “buy” rating on the stock. Barclays PLC upped their target price on shares of Rice Midstream Partners from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Rice Midstream Partners in a research note on Thursday, September 1st. Finally, Goldman Sachs Group Inc. lowered shares of Rice Midstream Partners from a “buy” rating to a “not rated” rating in a research note on Wednesday, September 28th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Rice Midstream Partners currently has a consensus rating of “Buy” and a consensus price target of $22.00.

Rice Midstream Partners Company Profile

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company operates in two segments: gathering and compression, and water services. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc (Rice Energy) and third parties in the Appalachian Basin.

5 Day Chart for NYSE:RMP

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