Star Group (NYSE:SGU) Upgraded by Wall Street Zen to “Buy” Rating

Star Group (NYSE:SGU) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings raised shares of Star Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Star Group Stock Up 0.2%

Shares of NYSE SGU opened at $11.84 on Friday. The firm’s fifty day moving average is $11.84 and its 200 day moving average is $11.77. Star Group has a 52 week low of $11.11 and a 52 week high of $13.75. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.56. The company has a market cap of $397.77 million, a price-to-earnings ratio of 8.00 and a beta of 0.33.

Institutional Investors Weigh In On Star Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its position in shares of Star Group by 181.5% during the second quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock valued at $61,000 after buying an additional 3,352 shares during the period. Raymond James Financial Inc. bought a new stake in Star Group during the 2nd quarter valued at approximately $89,000. Bank of America Corp DE grew its holdings in shares of Star Group by 91.7% during the 3rd quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock worth $140,000 after acquiring an additional 5,667 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of Star Group in the 3rd quarter worth approximately $150,000. Finally, Fifth Third Bancorp bought a new position in shares of Star Group in the 2nd quarter worth approximately $191,000. 40.36% of the stock is owned by hedge funds and other institutional investors.

About Star Group

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.