World Point Terminals LP (NYSE:WPT) major shareholder World Point Terminals, Inc. acquired 6,127,974 shares of the company’s stock in a transaction on Friday, June 30th. The stock was acquired at an average cost of $17.30 per share, for a total transaction of $106,013,950.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

World Point Terminals, Inc. also recently made the following trade(s):

  • On Monday, July 10th, World Point Terminals, Inc. acquired 3,066,864 shares of World Point Terminals stock. The stock was acquired at an average cost of $17.30 per share, for a total transaction of $53,056,747.20.

Shares of World Point Terminals LP (NYSE WPT) remained flat at $17.29 during mid-day trading on Friday. The company had a trading volume of 40,197 shares. The firm has a 50-day moving average price of $17.00 and a 200 day moving average price of $16.81. World Point Terminals LP has a 52-week low of $14.25 and a 52-week high of $17.90.

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WPT has been the topic of several research analyst reports. ValuEngine lowered World Point Terminals from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective on shares of World Point Terminals in a report on Friday, June 30th.

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in shares of World Point Terminals by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 13,960 shares of the pipeline company’s stock worth $227,000 after buying an additional 774 shares during the period. Acadian Asset Management LLC bought a new stake in shares of World Point Terminals during the first quarter worth approximately $500,000. Western Standard LLC boosted its stake in shares of World Point Terminals by 210.2% in the first quarter. Western Standard LLC now owns 70,212 shares of the pipeline company’s stock worth $1,142,000 after buying an additional 47,575 shares during the period. Renaissance Technologies LLC boosted its stake in shares of World Point Terminals by 10.0% in the fourth quarter. Renaissance Technologies LLC now owns 72,054 shares of the pipeline company’s stock worth $1,192,000 after buying an additional 6,561 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of World Point Terminals by 3.6% in the first quarter. Stephens Inc. AR now owns 84,747 shares of the pipeline company’s stock worth $1,379,000 after buying an additional 2,943 shares during the period. Hedge funds and other institutional investors own 13.20% of the company’s stock.

World Point Terminals Company Profile

World Point Terminals, LP owns, operates, develops and acquires liquid bulk storage terminals and other assets relating to the storage of petroleum products, including light refined products, heavy refined products and crude oil. The Company operates fee-based facilities located along the East Coast, Gulf Coast and Midwest regions of the United States.

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