Hi-Crush Partners LP (HCLP) : Spirit Of America Management Corpny reduced its stake in Hi-Crush Partners LP by 10.12% during the most recent quarter end. The investment management company now holds a total of 362,340 shares of Hi-Crush Partners LP which is valued at $6,330,080 after selling 40,800 shares in Hi-Crush Partners LP , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Hi-Crush Partners LP makes up approximately 0.84% of Spirit Of America Management Corpny’s portfolio.
Other Hedge Funds, Including , North Star Investment Management Corp. reduced its stake in HCLP by selling 2,000 shares or 40.0% in the most recent quarter. The Hedge Fund company now holds 3,000 shares of HCLP which is valued at $49,980. Hi-Crush Partners LP makes up approx 0.01% of North Star Investment Management Corp.’s portfolio.Cutler Group Lp boosted its stake in HCLP in the latest quarter, The investment management firm added 74,704 additional shares and now holds a total of 155,436 shares of Hi-Crush Partners LP which is valued at $2,701,478. Hi-Crush Partners LP makes up approx 0.17% of Cutler Group Lp’s portfolio.Simplex Trading reduced its stake in HCLP by selling 46,319 shares or 87.22% in the most recent quarter. The Hedge Fund company now holds 6,785 shares of HCLP which is valued at $120,230. Hi-Crush Partners LP makes up approx 0.02% of Simplex Trading’s portfolio. Bnp Paribas Arbitrage Sa added HCLP to its portfolio by purchasing 44,628 company shares during the most recent quarter which is valued at $736,362.
Hi-Crush Partners LP opened for trading at $17.11 and hit $17.66 on the upside on Friday, eventually ending the session at $17.47, with a gain of 3.31% or 0.56 points. The heightened volatility saw the trading volume jump to 7,72,090 shares. Company has a market cap of $972 M.
On the company’s financial health, Hi-Crush Partners LP reported $-0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.22. The company had revenue of $38.43 million for the quarter, compared to analysts expectations of $47.96 million. The company’s revenue was down -54.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on Hi-Crush Partners LP. Company shares were Upgraded by UBS on Sep 28, 2016 to ” Neutral”, Firm has raised the Price Target to $ 15 from a previous price target of $9 .
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. Its reserves consist of northern white sand a resource in Wisconsin and limited portions of the upper Midwest region of the United States. It owns operates and develops sand reserves and related excavation and processing facilities. Its 751-acre facility with rail infrastructure located in Wyeville Wisconsin enables it to process and deliver approximately 1600000 tons of 20/70 frac sand per year. It also holds a 98% interest in Augusta. The Company owns and operates the Wyeville facility which is located in Monroe County Wisconsin and contains approximately 75.5 million tons of recoverable reserves of frac sand.