What’s Ahead for Amerigas Partners L P (NYSE:APU) After Less Shorted Shares?

October 13, 2017 - By Stephen Andrade

 What’s Ahead for Amerigas Partners L P (NYSE:APU) After Less Shorted Shares?

Investors sentiment increased to 1.48 in 2017 Q2. Its up 0.56, from 0.92 in 2017Q1. It is positive, as 18 investors sold AmeriGas Partners, L.P. shares while 43 reduced holdings. 25 funds opened positions while 65 raised stakes. 21.57 million shares or 2.01% less from 22.01 million shares in 2017Q1 were reported.
Novare Cap Mngmt Ltd holds 52,000 shares or 0.53% of its portfolio. 71,281 are held by Rafferty Asset Mgmt Ltd Liability. Shamrock Asset Ltd Liability Com invested in 640 shares. Amg Funds Ltd Liability Corp has 1.03% invested in AmeriGas Partners, L.P. (NYSE:APU) for 41,603 shares. Winslow Evans Crocker Inc, a Massachusetts-based fund reported 220 shares. Obermeyer Wood Inv Counsel Lllp owns 0.05% invested in AmeriGas Partners, L.P. (NYSE:APU) for 11,783 shares. Bancorporation Of Montreal Can stated it has 0% in AmeriGas Partners, L.P. (NYSE:APU). Verity Verity Limited Liability Corp invested in 4,290 shares or 0.06% of the stock. Barnett Com Incorporated stated it has 5,730 shares or 0.12% of all its holdings. First Interstate Retail Bank reported 2,850 shares or 0.03% of all its holdings. First Midwest National Bank & Trust Trust Division holds 0.03% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU) for 5,561 shares. North Star Invest Mgmt owns 2,400 shares. Van Eck Associate holds 0.02% or 83,888 shares. Cambridge Rech owns 31,120 shares. Washington Tru Comml Bank holds 1,000 shares or 0.01% of its portfolio.

The stock of Amerigas Partners L P (NYSE:APU) registered a decrease of 2.31% in short interest. APU’s total short interest was 2.21 million shares in October as published by FINRA. Its down 2.31% from 2.26 million shares, reported previously. With 150,400 shares average volume, it will take short sellers 15 days to cover their APU’s short positions. The short interest to Amerigas Partners L P’s float is 3.2%.

The stock increased 0.03% or $0.01 during the last trading session, reaching $44.96. About 97,679 shares traded. AmeriGas Partners, L.P. (NYSE:APU) has declined 1.59% since October 13, 2016 and is downtrending. It has underperformed by 18.29% the S&P500.

AmeriGas Partners, L.P. is a holding company. The company has market cap of $4.18 billion. The Firm is a retail propane distributor in the United States. It has a 83.98 P/E ratio. It serves approximately two million residential, commercial, industrial, agricultural, wholesale and motor fuel clients in all 50 states from approximately 2,000 propane distribution locations.

AmeriGas Partners, L.P. (NYSE:APU) Ratings Coverage

Among 6 analysts covering AmeriGas Partners LP (NYSE:APU), 1 have Buy rating, 3 Sell and 2 Hold. Therefore 17% are positive. AmeriGas Partners LP had 10 analyst reports since August 20, 2015 according to SRatingsIntel. UBS maintained the stock with “Neutral” rating in Thursday, November 19 report. The firm has “Buy” rating by TheStreet given on Saturday, August 29. The rating was maintained by JP Morgan on Monday, November 2 with “Neutral”. The company was maintained on Thursday, August 4 by Barclays Capital. The stock of AmeriGas Partners, L.P. (NYSE:APU) has “Buy” rating given on Thursday, May 26 by Janney Capital. UBS downgraded the stock to “Sell” rating in Friday, June 10 report. As per Friday, February 3, the company rating was downgraded by Bank of America. Jefferies maintained AmeriGas Partners, L.P. (NYSE:APU) rating on Thursday, June 22. Jefferies has “Hold” rating and $4600 target.

More notable recent AmeriGas Partners, L.P. (NYSE:APU) news were published by: Seekingalpha.com which released: “AmeriGas Partners: Is Its 8.5% Yield Sustainable?” on July 21, 2017, also Nasdaq.com with their article: “AmeriGas Partners, LP (APU) Ex-Dividend Date Scheduled for May 08, 2017” published on May 05, 2017, Nasdaq.com published: “AmeriGas Partners Breaks Above 200-Day Moving Average – Bullish for APU” on September 29, 2017. More interesting news about AmeriGas Partners, L.P. (NYSE:APU) were released by: Fool.com and their article: “Better Buy: Ferrellgas Partners, LP vs. AmeriGas Partners, LP” published on June 01, 2017 as well as Businesswire.com‘s news article titled: “AmeriGas Partners, LP to Hold 4QFY17 Earnings Conference Call and Webcast on …” with publication date: October 12, 2017.

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