Trade Report: The California Public Employees Retirement System reaches $1,633,000 position of NuStar GP Holdings, LLC (NSH)

The California Public Employees Retirement System reaches $1,633,000 position  of NuStar GP Holdings, LLC (NSH)

California Public Employees Retirement System cut its stake in shares of NuStar GP Holdings, LLC (NYSE:NSH) by 5.3% during the second quarter, Holdings Channel reports. The fund owned 63,700 shares of the company’s stock after selling 3,600 shares during the period. California Public Employees Retirement System owned 0.15% of NuStar GP Holdings worth $1,633,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NSH. Center Coast Capital Advisors LP boosted its position in NuStar GP Holdings by 33.9% in the second quarter. Center Coast Capital Advisors LP now owns 1,071,912 shares of the company’s stock valued at $27,484,000 after buying an additional 271,611 shares during the period. HITE Hedge Asset Management LLC boosted its position in NuStar GP Holdings by 216.6% in the second quarter. HITE Hedge Asset Management LLC now owns 223,819 shares of the company’s stock valued at $5,739,000 after buying an additional 153,120 shares during the period. SL Advisors LLC bought a new position in NuStar GP Holdings during the second quarter valued at about $5,252,000. Bank of New York Mellon Corp boosted its position in NuStar GP Holdings by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 142,855 shares of the company’s stock valued at $3,664,000 after buying an additional 3,808 shares during the period. Finally, Rafferty Asset Management LLC boosted its position in NuStar GP Holdings by 43.2% in the first quarter. Rafferty Asset Management LLC now owns 115,452 shares of the company’s stock valued at $2,393,000 after buying an additional 34,832 shares during the period.

NuStar GP Holdings, LLC (NYSE:NSH) traded down 2.69% during trading on Friday, reaching $24.57. 40,583 shares of the company were exchanged. NuStar GP Holdings, LLC has a 52-week low of $12.86 and a 52-week high of $31.55. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 17.15 and a beta of 1.02. The firm has a 50-day moving average of $24.69 and a 200-day moving average of $24.25.

NuStar GP Holdings (NYSE:NSH) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.01. On average, equities analysts forecast that NuStar GP Holdings, LLC will post $1.48 EPS for the current year.

NSH has been the subject of several recent analyst reports. Mizuho initiated coverage on shares of NuStar GP Holdings in a report on Thursday, September 29th. They issued a “neutral” rating and a $26.00 price objective for the company. Zacks Investment Research cut shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 5th. Citigroup Inc. upgraded shares of NuStar GP Holdings from a “neutral” rating to a “buy” rating and raised their target price for the stock from $26.00 to $29.00 in a report on Friday, August 12th. US Capital Advisors restated a “hold” rating on shares of NuStar GP Holdings in a report on Wednesday, September 21st. Finally, TheStreet cut shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.17.

In related news, Director James F. Clingman sold 5,550 shares of NuStar GP Holdings stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $25.35, for a total transaction of $140,692.50. Following the completion of the transaction, the director now directly owns 40,947 shares of the company’s stock, valued at approximately $1,038,006.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William E. Greehey purchased 16,308 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were purchased at an average cost of $24.72 per share, with a total value of $403,133.76. Following the completion of the acquisition, the director now directly owns 8,584,823 shares in the company, valued at $212,216,824.56. The disclosure for this purchase can be found here.

NuStar GP Holdings Company Profile

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products, and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

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