Obermeyer Wood Investment Counsel Lllp Lowers stake in TransMontaigne Partners L.P. (TLP)

TransMontaigne Partners L.P. (TLP) : Obermeyer Wood Investment Counsel Lllp reduced its stake in TransMontaigne Partners L.P. by 5.56% during the most recent quarter end. The investment management company now holds a total of 25,464 shares of TransMontaigne Partners L.P. which is valued at $1,040,459 after selling 1,500 shares in TransMontaigne Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.TransMontaigne Partners L.P. makes up approximately 0.10% of Obermeyer Wood Investment Counsel Lllp’s portfolio.

Other Hedge Funds, Including , Plante Moran Financial Advisors sold out all of its stake in TLP during the most recent quarter. The investment firm sold 54 shares of TLP which is valued $2,206.Inspirion Wealth Advisors boosted its stake in TLP in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 38,798 shares of TransMontaigne Partners L.P. which is valued at $1,585,286. TransMontaigne Partners L.P. makes up approx 1.00% of Inspirion Wealth Advisors’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 $40.89 and hit $42.34 on the upside on Monday, eventually ending the session at $42.18, with a gain of 4.82% or 1.94 points. The heightened volatility saw the trading volume jump to 82,509 shares. Company has a market cap of $680 M.

On the company’s financial health, TransMontaigne Partners L.P. reported $0.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.52. The company had revenue of $41.14 million for the quarter, compared to analysts expectations of $39.80 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on TransMontaigne Partners L.P.. Company shares were Reiterated by Stifel on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .

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.

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