WealthTrust Axiom LLC Sells 16,924 Shares of CSI Compressco LP (NASDAQ:CCLP)

WealthTrust Axiom LLC trimmed its position in CSI Compressco LP (NASDAQ:CCLP) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137,562 shares of the oil and gas company’s stock after selling 16,924 shares during the period. WealthTrust Axiom LLC owned about 0.10% of CSI Compressco worth $224,000 as of its most recent SEC filing.

Separately, Raymond James Financial Services Advisors Inc. purchased a new position in CSI Compressco in the third quarter worth about $49,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

CSI Compressco Stock Up 3.9 %

CCLP stock opened at $2.42 on Wednesday. CSI Compressco LP has a twelve month low of $1.04 and a twelve month high of $2.44. The stock has a market cap of $344.85 million, a P/E ratio of -34.57 and a beta of 0.75. The business’s 50-day moving average price is $2.27 and its 200-day moving average price is $1.87.

CSI Compressco (NASDAQ:CCLP) last posted its quarterly earnings results on Friday, March 1st. The oil and gas company reported ($0.02) EPS for the quarter. The company had revenue of $98.27 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on CSI Compressco in a research report on Tuesday. They set a “buy” rating on the stock.

About CSI Compressco

CSI Compressco LP provides contract services for natural gas compression and treating in the United States, Latin America, Canada, Egypt, and internationally. The company offers natural gas compression services through low-, medium-, and high-horsepower compressor packages for oil and natural gas production, gathering, artificial lift, transmission, processing, and storage.