Usa Compression Partners LP (USAC) : Chicago Partners Investment Group reduced its stake in Usa Compression Partners LP by 8.78% during the most recent quarter end. The investment management company now holds a total of 36,153 shares of Usa Compression Partners LP which is valued at $581,702 after selling 3,479 shares in Usa Compression Partners LP , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Usa Compression Partners LP makes up approximately 0.27% of Chicago Partners Investment Group’s portfolio.
Other Hedge Funds, Including , Barnett Company boosted its stake in USAC in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 17,100 shares of Usa Compression Partners LP which is valued at $261,972. Usa Compression Partners LP makes up approx 0.14% of Barnett Company’s portfolio. Huntington National Bank added USAC to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $14,960.Wealthtrust-arizona boosted its stake in USAC in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 115 shares of Usa Compression Partners LP which is valued at $1,688. First Manhattan Co added USAC to its portfolio by purchasing 2,680 company shares during the most recent quarter which is valued at $40,012.
Usa Compression Partners LP closed down -0.43 points or -2.72% at $15.39 with 79,529 shares getting traded on Monday. Post opening the session at $15.93, the shares hit an intraday low of $15.35 and an intraday high of $15.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Usa Compression Partners LP reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.10. The company had revenue of $63.50 million for the quarter, compared to analysts expectations of $65.09 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.34 EPS.
Many Wall Street Analysts have commented on Usa Compression Partners LP. Usa Compression Partners LP was Downgraded by Goldman to ” Sell” on Jun 21, 2016.
USA Compression Partners LP is a provider of compression services in the United States in terms of total compression fleet horsepower. The Companys general partner USA Compression GP LLC manages its operations and activities. It provides services to its customers primarily in connection with infrastructure applications including processing and transportation of natural gas through the domestic pipeline system and crude oil production through artificial lift processes. As part of its services the Company engineer design operate service and repair its fleet of compression units and maintain related support inventory and equipment. The Company has approximately 1549020 horsepower in its fleet. It provides compression services in a number of shale plays throughout the United States including the Utica Marcellus Permian Basin Eagle Ford Mississippi Lime Granite Wash Woodford Barnett Haynesville and Fayetteville shales.