Advocacy Wealth Management Services Lowers stake in TransMontaigne Partners L.P. (TLP)

TransMontaigne Partners L.P. (TLP) : Advocacy Wealth Management Services reduced its stake in TransMontaigne Partners L.P. by 45.92% during the most recent quarter end. The investment management company now holds a total of 7,854 shares of TransMontaigne Partners L.P. which is valued at $327,355 after selling 6,669 shares in TransMontaigne Partners L.P. , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.TransMontaigne Partners L.P. makes up approximately 0.16% of Advocacy Wealth Management Services’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp reduced its stake in TLP by selling 4,775 shares or 63.89% in the most recent quarter. The Hedge Fund company now holds 2,699 shares of TLP which is valued at $110,227. TransMontaigne Partners L.P. makes up approx 0.01% of Cutler Group Lp’s portfolio. Searle sold out all of its stake in TLP during the most recent quarter. The investment firm sold 15,200 shares of TLP which is valued $620,768.

TransMontaigne Partners L.P. opened for trading at $41.03 and hit $41.9599 on the upside on Monday, eventually ending the session at $41.68, with a gain of 0.77% or 0.32 points. The heightened volatility saw the trading volume jump to 31,548 shares. Company has a market cap of $672 M.

On the company’s financial health, TransMontaigne Partners L.P. reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.53. The company had revenue of $40.63 million for the quarter, compared to analysts expectations of $39.29 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

TransMontaigne Partners L.P. (TransMontaigne Partners) is a terminalling and transportation company with operations in the United States along the Gulf Coast in the Midwest in Brownsville Texas along the Mississippi and Ohio Rivers and in the Southeast. It provides integrated terminalling storage and transportation for customers engaged in the distribution and marketing of light refined petroleum products heavy refined petroleum products crude oil chemicals fertilizers and other liquid products. Light refined products include gasolines diesel fuels heating oil and jet fuels. Heavy refined products include residual fuel oils and asphalt. The Company’s business segments include Gulf Coast terminals Midwest terminals and pipeline system Brownsville terminals River terminals and Southeast terminals.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

TransMontaigne Partners L.P. - Is it time to Sell?

Top Brokerage Firms are advising their investors on TransMontaigne Partners L.P.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.