CNH Partners LLC lifted its stake in shares of Crestwood Equity Partners LP (NYSE:CEQP) by 23.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,936 shares of the pipeline company’s stock after buying an additional 5,300 shares during the quarter. CNH Partners LLC’s holdings in Crestwood Equity Partners were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Center Coast Capital Advisors LP increased its position in shares of Crestwood Equity Partners by 9.7% during the second quarter. Center Coast Capital Advisors LP now owns 2,658,700 shares of the pipeline company’s stock valued at $62,479,000 after buying an additional 236,059 shares during the period. Kayne Anderson Capital Advisors LP increased its position in shares of Crestwood Equity Partners by 1.6% during the second quarter. Kayne Anderson Capital Advisors LP now owns 1,750,539 shares of the pipeline company’s stock valued at $41,136,000 after buying an additional 27,500 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Crestwood Equity Partners by 39.8% during the second quarter. Goldman Sachs Group Inc. now owns 823,922 shares of the pipeline company’s stock valued at $19,363,000 after buying an additional 234,660 shares during the period. JPMorgan Chase & Co. increased its position in shares of Crestwood Equity Partners by 0.6% during the second quarter. JPMorgan Chase & Co. now owns 755,042 shares of the pipeline company’s stock valued at $17,743,000 after buying an additional 4,553 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Crestwood Equity Partners by 26.4% during the first quarter. Bank of America Corp DE now owns 398,776 shares of the pipeline company’s stock valued at $10,468,000 after buying an additional 83,349 shares during the period. Institutional investors own 65.15% of the company’s stock.

In related news, SVP Joel Christian Lambert sold 6,927 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $25.47, for a total value of $176,430.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 36.20% of the company’s stock.

WARNING: “Crestwood Equity Partners LP (CEQP) Shares Bought by CNH Partners LLC” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/09/crestwood-equity-partners-lp-ceqp-shares-bought-by-cnh-partners-llc.html.

Crestwood Equity Partners LP (NYSE:CEQP) traded up 0.20% during midday trading on Monday, reaching $24.85. 11,054 shares of the company traded hands. Crestwood Equity Partners LP has a one year low of $18.50 and a one year high of $28.30. The stock’s market capitalization is $1.73 billion. The company has a 50 day moving average price of $24.77 and a 200-day moving average price of $24.45.

Crestwood Equity Partners (NYSE:CEQP) last posted its quarterly earnings results on Tuesday, August 1st. The pipeline company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.23). The company had revenue of $850.30 million during the quarter, compared to analysts’ expectations of $706.34 million. Crestwood Equity Partners had a negative return on equity of 1.13% and a negative net margin of 4.68%. The company’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.74) EPS. Analysts forecast that Crestwood Equity Partners LP will post ($0.97) EPS for the current fiscal year.

Several brokerages recently issued reports on CEQP. BidaskClub cut shares of Crestwood Equity Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Stifel Nicolaus upgraded shares of Crestwood Equity Partners from a “hold” rating to a “buy” rating and boosted their price target for the company from $27.00 to $28.00 in a research report on Wednesday, August 2nd. Finally, ValuEngine cut shares of Crestwood Equity Partners from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.40.

Crestwood Equity Partners Profile

Crestwood Equity Partners LP is a holding company and a master limited partnership (MLP). The Company develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. The Company’s segments include gathering and processing (G&P), which includes its natural gas, crude oil and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business.

Want to see what other hedge funds are holding CEQP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crestwood Equity Partners LP (NYSE:CEQP).

Institutional Ownership by Quarter for Crestwood Equity Partners (NYSE:CEQP)

Receive News & Stock Ratings for Crestwood Equity Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crestwood Equity Partners LP and related stocks with our FREE daily email newsletter.