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

September 16, 2018 - By Ann Prendergast

AmeriGas Partners, L.P. (NYSE:APU) Logo

Investors sentiment decreased to 0.76 in 2018 Q2. Its down 0.02, from 0.78 in 2018Q1. It fall, as 16 investors sold AmeriGas Partners, L.P. shares while 60 reduced holdings. 22 funds opened positions while 36 raised stakes. 19.88 million shares or 5.10% less from 20.95 million shares in 2018Q1 were reported.
Wells Fargo And Mn stated it has 103,301 shares. Nuveen Asset Mngmt Limited Liability Corp invested 0% in AmeriGas Partners, L.P. (NYSE:APU). Jpmorgan Chase And stated it has 0.01% of its portfolio in AmeriGas Partners, L.P. (NYSE:APU). Ameriprise Fincl reported 57,442 shares or 0% of all its holdings. Duncker Streett And stated it has 0% in AmeriGas Partners, L.P. (NYSE:APU). Deutsche Bank & Trust Ag invested in 0.01% or 207,532 shares. Freestone Cap Hldgs Ltd Liability reported 44,679 shares. Willingdon Wealth Management holds 0.03% or 2,000 shares. Bb&T Securities Limited Com invested in 62,844 shares. Goldman Sachs Group stated it has 1.12 million shares or 0.01% of all its holdings. 12,000 were accumulated by Sumitomo Mitsui Hldg. Archford Strategies Limited Liability Company accumulated 3,835 shares. Stratos Wealth Prns Limited invested in 17,694 shares or 0.03% of the stock. Moreover, Albert D Mason Inc has 1.39% invested in AmeriGas Partners, L.P. (NYSE:APU). Moneta Group Advsrs Ltd Company reported 21,789 shares.

The stock of Amerigas Partners L.P. (NYSE:APU) registered a decrease of 5.59% in short interest. APU’s total short interest was 730,100 shares in September as published by FINRA. Its down 5.59% from 773,300 shares, reported previously. With 228,900 shares average volume, it will take short sellers 3 days to cover their APU’s short positions. The short interest to Amerigas Partners L.P.’s float is 1.06%.

The stock decreased 0.60% or $0.24 during the last trading session, reaching $39.89. About 175,956 shares traded. AmeriGas Partners, L.P. (NYSE:APU) has declined 8.05% since September 16, 2017 and is downtrending. It has underperformed by 23.67% the S&P500.

AmeriGas Partners, L.P. through its subsidiary, AmeriGas Propane, L.P., distributes propane and related equipment and supplies in the United States. The company has market cap of $3.71 billion. It serves approximately 1.9 million residential, commercial, industrial, agricultural, wholesale, and motor fuel clients in 50 states through approximately 1,900 propane distribution locations. It has a 23.74 P/E ratio. The companyÂ’s propane is used for home heating, water heating, and cooking purposes; to fire furnaces, as a cutting gas, and in other process applications; as a supplemental fuel and motor fuel; and for tobacco curing, chicken brooding, crop drying, and orchard heating applications.

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

Among 5 analysts covering AmeriGas Partners (NYSE:APU), 0 have Buy rating, 3 Sell and 2 Hold. Therefore 0 are positive. AmeriGas Partners had 5 analyst reports since March 19, 2018 according to SRatingsIntel. The stock has “Sell” rating by J.P. Morgan on Monday, March 19. The rating was downgraded by JP Morgan on Monday, March 19 to “Underweight”. The firm earned “Underweight” rating on Wednesday, July 11 by Barclays Capital. The rating was maintained by Citigroup with “Neutral” on Tuesday, March 27. Jefferies maintained AmeriGas Partners, L.P. (NYSE:APU) on Wednesday, April 25 with “Hold” rating.

Another recent and important AmeriGas Partners, L.P. (NYSE:APU) news was published by Seekingalpha.com which published an article titled: “Q2 ’18 Recap And The Barbell Profile Of MLP Distribution Growth” on August 22, 2018.

AmeriGas Partners, L.P. (NYSE:APU) Institutional Positions Chart

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