Gregory Bylinsky decreased its stake in Star Gas Partners LP (SGU) by 26.75% based on its latest 2016Q3 regulatory filing with the SEC. Bandera Partners Llc sold 1.30 million shares as the company’s stock rose 8.43% with the market. The hedge fund run by Gregory Bylinsky held 3.56 million shares of the consumer services company at the end of 2016Q3, valued at $34.36 million, down from 4.86M at the end of the previous reported quarter. Bandera Partners Llc who had been investing in Star Gas Partners LP for a number of months, seems to be less bullish one the $626.07M market cap company. The stock is up 0.83% or $0.09 hitting $11.2, despite the negative news. About 10,276 shares traded hands. Star Gas Partners, L.P. (NYSE:SGU) has risen 29.49% since June 7, 2016 and is uptrending. It has outperformed by 22.06% the S&P500.
Greg Bylinsky and Jeff Gramm founded Bandera Partners in New York in 2006 and is oriented in value hedge funding. Bylinsky has had success as a portfolio manager through Lime Capital, which also focused on value funds and special situations. Bylinsky originally attended Yale and Harvard law, graduating in 1994. He practiced through Kaye Scholer LLP. For four years before working at Tower Research Capital in 1998. Bandera Partners Llc is a New York-based hedge fund that was founded by Gregory Bylinsky And Jefferson Gramm. It had more than $181.88 million assets under management in July, 2014. Taken from Bandera Partners latest Adv, the fund reported to have 6 full and part-time employees. Among which 2 performing investment advisory and research functions. The hedge fund had between 1-10 clients.
Insitutional Activity: The institutional sentiment increased to 1.9 in Q3 2016. Its up 0.84, from 1.06 in 2016Q2. The ratio improved, as 1 funds sold all SGU shares owned while 9 reduced positions. 3 funds bought stakes while 16 increased positions. They now own 11.94 million shares or 5.15% less from 12.59 million shares in 2016Q2. James Investment Research Inc owns 384,587 shares or 0.1% of their US portfolio. The New York-based Williams Jones Llc has invested 0.03% in Star Gas Partners, L.P. (NYSE:SGU). Citigroup, a New York-based fund reported 565 shares. Goldman Sachs has 0% invested in the company for 703,533 shares. The California-based United Cap Advisers Ltd has invested 0.01% in Star Gas Partners, L.P. (NYSE:SGU). Wells Fargo And Commerce Mn accumulated 123,294 shares or 0% of the stock. First Manhattan accumulated 484 shares or 0% of the stock. Manufacturers Life Company The holds 0% or 1,455 shares in its portfolio. Morgan Stanley holds 1.58 million shares or 0.01% of its portfolio. Bank & Trust Of Mellon Corporation, a New York-based fund reported 20,885 shares. Moab Prtnrs Ltd Limited Liability Company has invested 2.3% of its portfolio in Star Gas Partners, L.P. (NYSE:SGU). Lubar & Inc has 2.39% invested in the company for 200,000 shares. Moreover, Acadian Asset Management Ltd Limited Liability Company has 0.04% invested in Star Gas Partners, L.P. (NYSE:SGU) for 932,111 shares. The Illinois-based Envestnet Asset has invested 0% in Star Gas Partners, L.P. (NYSE:SGU). Commonwealth Equity Ser Inc holds 0% of its portfolio in Star Gas Partners, L.P. (NYSE:SGU) for 30,624 shares.
More notable recent Star Gas Partners, L.P. (NYSE:SGU) news were published by: Fool.com which released: “Star Gas Partners Couldn’t Fight Industry Trends and Tanked 15% in September” on October 07, 2015, also Seekingalpha.com with their article: “Blue Tower Q3 2015 Client Letter: Long On Star Gas Partners” published on October 15, 2015, Equitiesfocus.com published: “Star Gas Partners, L.P. (NYSE:SGU) Consolidated Diluted EPS Stands At $0.788” on December 22, 2016. More interesting news about Star Gas Partners, L.P. (NYSE:SGU) were released by: Seekingalpha.com and their article: “Star Gas Partners’ (SGU) CEO Steven Goldman on Q3 2016 Results – Earnings Call …” published on August 02, 2016 as well as Equitiesfocus.com‘s news article titled: “Star Gas Partners, L.P. (NYSE:SGU)’s Basic Consolidated EPS Came In At $0.788” with publication date: January 05, 2017.
According to Zacks Investment Research, “Star Gas Partners, L.P., is a publicly traded limited partnership.The Partnership is primarily engaged in the retail distribution of propane and related supplies and equipment to residential, commercial, industrial, agricultural and motor fuel customers.”
SGU Company Profile
Star Gas Partners, L.P., incorporated on October 16, 1995, is a service energy provider. The Firm is a home heating oil and propane distributor and services provider. The Firm also sells gasoline and diesel fuel to clients on a delivery only basis. The Firm installs, maintains and repairs heating and air conditioning equipment, and provides these services outside its customer base, including service contracts for natural gas and other heating systems. In addition, it provides home security and plumbing services. The Firm provides home heating equipment repair service and natural gas service.
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