USA Compression Partners, LP (USAC) Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY lowered its position in USA Compression Partners, LP (NYSE:USAC) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 848,566 shares of the oil and gas company’s stock after selling 11,000 shares during the quarter. USA Compression Partners, makes up approximately 1.5% of Spirit of America Management Corp NY’s holdings, making the stock its 19th biggest position. Spirit of America Management Corp NY owned about 1.38% of USA Compression Partners, worth $14,189,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its stake in USA Compression Partners, by 4.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 162,086 shares of the oil and gas company’s stock valued at $2,652,000 after purchasing an additional 7,104 shares in the last quarter. IHT Wealth Management LLC purchased a new position in USA Compression Partners, in the second quarter valued at about $241,000. Tower Research Capital LLC TRC purchased a new position in USA Compression Partners, in the second quarter valued at about $225,000. Intrinsic Edge Capital Management LLC grew its stake in USA Compression Partners, by 35.4% in the second quarter. Intrinsic Edge Capital Management LLC now owns 171,077 shares of the oil and gas company’s stock valued at $2,799,000 after purchasing an additional 44,738 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in USA Compression Partners, by 8.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,003,214 shares of the oil and gas company’s stock valued at $16,412,000 after purchasing an additional 79,270 shares in the last quarter.

Shares of USA Compression Partners, LP (NYSE USAC) traded down 0.006% on Monday, reaching $17.129. The company’s stock had a trading volume of 29,254 shares. The company has a market cap of $1.05 billion, a P/E ratio of 519.061 and a beta of 1.18. The company has a 50 day moving average price of $16.35 and a 200 day moving average price of $16.37. USA Compression Partners, LP has a 52-week low of $14.30 and a 52-week high of $19.78.

USA Compression Partners, (NYSE:USAC) last released its quarterly earnings results on Friday, August 4th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. USA Compression Partners, had a return on equity of 1.38% and a net margin of 1.20%. The firm had revenue of $66.00 million for the quarter, compared to the consensus estimate of $65.85 million. During the same quarter last year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts anticipate that USA Compression Partners, LP will post $0.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Monday, October 30th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 12.26%. The ex-dividend date of this dividend is Friday, October 27th. USA Compression Partners,’s dividend payout ratio is 7,000.00%.

A number of research analysts have commented on the company. Royal Bank Of Canada restated a “hold” rating and issued a $20.00 target price on shares of USA Compression Partners, in a research note on Monday, July 31st. Zacks Investment Research downgraded USA Compression Partners, from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Janney Montgomery Scott assumed coverage on USA Compression Partners, in a research note on Friday, September 1st. They issued a “neutral” rating and a $16.00 target price on the stock. BidaskClub downgraded USA Compression Partners, from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine downgraded USA Compression Partners, from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.33.

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USA Compression Partners, Company Profile

USA Compression Partners, LP is an independent provider of compression services in the United States. The Company provides compression services to its customers primarily in connection with infrastructure applications, including both allowing for the processing and transportation of natural gas through the domestic pipeline system and managing crude oil production through artificial lift processes.

Institutional Ownership by Quarter for USA Compression Partners, (NYSE:USAC)

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