Alps Advisors Inc. Acquires 5,749 Shares of NuStar GP Holdings, LLC (NYSE:NSH)

Alps Advisors Inc. grew its holdings in shares of NuStar GP Holdings, LLC (NYSE:NSH) by 42.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,177 shares of the pipeline company’s stock after acquiring an additional 5,749 shares during the period. Alps Advisors Inc.’s holdings in NuStar GP were worth $238,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Brookfield Asset Management Inc. grew its stake in shares of NuStar GP by 138.0% during the first quarter. Brookfield Asset Management Inc. now owns 2,946,284 shares of the pipeline company’s stock valued at $34,030,000 after acquiring an additional 1,708,304 shares in the last quarter. UBS Group AG grew its stake in shares of NuStar GP by 132.0% during the first quarter. UBS Group AG now owns 559,055 shares of the pipeline company’s stock valued at $6,457,000 after acquiring an additional 318,110 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of NuStar GP by 113.0% during the first quarter. JPMorgan Chase & Co. now owns 546,562 shares of the pipeline company’s stock valued at $6,313,000 after acquiring an additional 289,926 shares in the last quarter. Citigroup Inc. grew its stake in shares of NuStar GP by 512.9% during the first quarter. Citigroup Inc. now owns 411,335 shares of the pipeline company’s stock valued at $4,751,000 after acquiring an additional 344,225 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of NuStar GP by 176.9% during the second quarter. Bank of Montreal Can now owns 342,006 shares of the pipeline company’s stock valued at $4,241,000 after acquiring an additional 218,500 shares in the last quarter. Institutional investors own 48.14% of the company’s stock.

Shares of NSH stock remained flat at $$24.95 during trading hours on Friday. NuStar GP Holdings, LLC has a 12-month low of $10.40 and a 12-month high of $24.50. The stock has a market cap of $588.46 million, a P/E ratio of 12.41 and a beta of 1.34.

Several analysts have recently weighed in on the company. US Capital Advisors restated a “hold” rating on shares of NuStar GP in a research note on Tuesday, July 17th. Barclays raised their target price on NuStar GP from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 11th. Finally, Zacks Investment Research upgraded NuStar GP from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.67.

NuStar GP Company Profile

NuStar GP Holdings, LLC, through its ownership interests in NuStar Energy L.P., engages in the transportation of petroleum products and anhydrous ammonia. The company is also involved in the terminalling, storage, and marketing of petroleum products. It has pipelines in the United States; and terminal and storage facilities in the United States, Canada, Mexico, and the United Kingdom, as well as the Netherlands, including St.

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Institutional Ownership by Quarter for NuStar GP (NYSE:NSH)

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