Cowen Inc. trimmed its holdings in Suburban Propane Partners, L.P. (NYSE:SPH) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,450 shares of the energy company’s stock after selling 61 shares during the quarter. Cowen Inc.’s holdings in Suburban Propane Partners, L.P. were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. OppenheimerFunds Inc. lifted its stake in shares of Suburban Propane Partners, L.P. by 18.6% in the 1st quarter. OppenheimerFunds Inc. now owns 4,614,383 shares of the energy company’s stock valued at $124,404,000 after purchasing an additional 723,317 shares during the period. JPMorgan Chase & Co. raised its stake in Suburban Propane Partners, L.P. by 7.1% during the 1st quarter. JPMorgan Chase & Co. now owns 945,351 shares of the energy company’s stock worth $25,486,000 after buying an additional 62,323 shares during the period. Clearbridge Investments LLC raised its stake in Suburban Propane Partners, L.P. by 8.9% during the 1st quarter. Clearbridge Investments LLC now owns 869,630 shares of the energy company’s stock worth $23,445,000 after buying an additional 71,000 shares during the period. Goldman Sachs Group Inc. raised its stake in Suburban Propane Partners, L.P. by 27.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 816,752 shares of the energy company’s stock worth $22,020,000 after buying an additional 176,872 shares during the period. Finally, Morgan Stanley raised its stake in Suburban Propane Partners, L.P. by 37.2% during the 1st quarter. Morgan Stanley now owns 618,482 shares of the energy company’s stock worth $16,674,000 after buying an additional 167,691 shares during the period. 25.60% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on SPH. BidaskClub downgraded Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price target on shares of Suburban Propane Partners, L.P. in a research note on Friday, August 18th. Citigroup Inc. raised Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $32.00 to $27.00 in a report on Thursday, July 27th. Finally, ValuEngine lowered Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Suburban Propane Partners, L.P. currently has a consensus rating of “Hold” and an average target price of $30.80.

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Suburban Propane Partners, L.P. (SPH) traded up 0.1806% during trading on Tuesday, hitting $24.2938. The stock had a trading volume of 29,520 shares. Suburban Propane Partners, L.P. has a 1-year low of $22.71 and a 1-year high of $34.45. The stock’s 50-day moving average price is $24.31 and its 200-day moving average price is $24.78. The company has a market capitalization of $1.48 billion, a P/E ratio of 52.4704 and a beta of 0.65.

Suburban Propane Partners, L.P. (NYSE:SPH) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.11. Suburban Propane Partners, L.P. had a net margin of 2.46% and a return on equity of 4.09%. The company had revenue of $222.90 million during the quarter, compared to analyst estimates of $221.93 million. During the same period in the previous year, the business earned ($0.49) EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts expect that Suburban Propane Partners, L.P. will post $0.58 earnings per share for the current year.

Suburban Propane Partners, L.P. Company Profile

Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.

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Institutional Ownership by Quarter for Suburban Propane Partners, L.P. (NYSE:SPH)

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