Goldman Sachs Group Inc. increased its holdings in TransMontaigne Partners L.P. (NYSE:TLP) by 29.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 697,928 shares of the pipeline company’s stock after buying an additional 159,993 shares during the quarter. Goldman Sachs Group Inc. owned 4.32% of TransMontaigne Partners L.P. worth $29,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TLP. PNC Financial Services Group Inc. boosted its holdings in shares of TransMontaigne Partners L.P. by 375.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the pipeline company’s stock worth $170,000 after buying an additional 3,000 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of TransMontaigne Partners L.P. in the second quarter worth approximately $231,000. GSA Capital Partners LLP purchased a new position in shares of TransMontaigne Partners L.P. in the second quarter worth approximately $244,000. Naples Global Advisors LLC boosted its holdings in shares of TransMontaigne Partners L.P. by 1.9% in the second quarter. Naples Global Advisors LLC now owns 8,025 shares of the pipeline company’s stock worth $337,000 after buying an additional 150 shares during the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of TransMontaigne Partners L.P. by 0.4% in the second quarter. Blair William & Co. IL now owns 9,444 shares of the pipeline company’s stock worth $397,000 after buying an additional 34 shares during the last quarter. 62.31% of the stock is currently owned by institutional investors.

TLP has been the topic of a number of research reports. Stifel Nicolaus set a $50.00 price objective on shares of TransMontaigne Partners L.P. and gave the stock a “buy” rating in a report on Saturday, June 24th. DA Davidson raised shares of TransMontaigne Partners L.P. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $48.00 to $51.00 in a report on Thursday, June 15th. Zacks Investment Research raised shares of TransMontaigne Partners L.P. from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Thursday, August 10th. Finally, BidaskClub raised shares of TransMontaigne Partners L.P. from a “sell” rating to a “hold” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.25.

TransMontaigne Partners L.P. (NYSE:TLP) opened at 43.41 on Wednesday. TransMontaigne Partners L.P. has a 12-month low of $36.93 and a 12-month high of $49.31. The stock has a market cap of $701.55 million, a P/E ratio of 17.02 and a beta of 0.29. The company has a 50 day moving average of $43.69 and a 200-day moving average of $43.48.

TransMontaigne Partners L.P. (NYSE:TLP) last issued its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.04. TransMontaigne Partners L.P. had a net margin of 28.78% and a return on equity of 13.38%. The company had revenue of $45.40 million for the quarter, compared to the consensus estimate of $45.64 million. During the same quarter in the prior year, the company earned $0.50 EPS. TransMontaigne Partners L.P.’s quarterly revenue was up 10.5% on a year-over-year basis. Equities analysts forecast that TransMontaigne Partners L.P. will post $2.74 earnings per share for the current year.

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About TransMontaigne Partners L.P.

TransMontaigne Partners L.P. is a terminaling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. The Company operates its business in five principal business segments: Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals.

Institutional Ownership by Quarter for TransMontaigne Partners L.P. (NYSE:TLP)

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