Nustar GP Holdings, LLC (NYSE:NSH) Upgraded to “Hold” by Zacks Investment Research

Nustar GP Holdings, LLC (NYSE:NSH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Saturday.

According to Zacks, “NUSTAR GP HOLDINGS is a publicly traded limited liability company that owns the two percent general partner interest, a 18.4 percent limited partner interest and the incentive distribution rights in NuStar Energy L.P.They are one of the largest asphalt refiners and marketers and independent terminal and petroleum liquids pipeline operators in the nation with operations in the United States, Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. “

Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Nustar GP Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday. TheStreet raised Nustar GP Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 25th. Wells Fargo & Company raised Nustar GP Holdings from a “market perform” rating to an “outperform” rating in a research report on Friday, April 21st. Macquarie began coverage on Nustar GP Holdings in a research report on Friday, April 21st. They issued a “neutral” rating and a $26.00 price target on the stock. Finally, Credit Suisse Group raised their price target on Nustar GP Holdings from $27.00 to $28.00 and gave the company an “underperform” rating in a research report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Nustar GP Holdings has an average rating of “Hold” and a consensus price target of $28.33.

Shares of Nustar GP Holdings (NYSE NSH) opened at 23.25 on Friday. The firm’s 50-day moving average price is $23.95 and its 200 day moving average price is $27.11. The firm has a market cap of $998.61 million, a PE ratio of 18.07 and a beta of 1.19. Nustar GP Holdings has a 52 week low of $22.20 and a 52 week high of $31.50.

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Several large investors have recently added to or reduced their stakes in NSH. Stifel Financial Corp bought a new stake in Nustar GP Holdings during the first quarter valued at $206,000. McQueen Ball & Associates Inc. boosted its stake in Nustar GP Holdings by 1.8% in the first quarter. McQueen Ball & Associates Inc. now owns 7,640 shares of the pipeline company’s stock valued at $214,000 after buying an additional 136 shares during the last quarter. Alliancebernstein L.P. bought a new stake in Nustar GP Holdings during the first quarter valued at $233,000. Proficio Capital Partners LLC bought a new stake in Nustar GP Holdings during the first quarter valued at $224,000. Finally, Janney Montgomery Scott LLC boosted its stake in Nustar GP Holdings by 1.0% in the second quarter. Janney Montgomery Scott LLC now owns 10,150 shares of the pipeline company’s stock valued at $248,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 56.24% of the company’s stock.

Nustar GP Holdings Company Profile

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

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