Short Interest in NuStar GP Holdings, LLC (NSH) Rises By 42.1%

NuStar GP Holdings, LLC (NYSE:NSH) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 1,025,253 shares, an increase of 42.1% from the November 15th total of 721,478 shares. Based on an average trading volume of 317,820 shares, the days-to-cover ratio is presently 3.2 days. Approximately 3.1% of the shares of the stock are sold short.

Shares of NuStar GP (NYSE NSH) traded up $0.35 during mid-day trading on Friday, hitting $16.90. The company had a trading volume of 211,073 shares, compared to its average volume of 340,455. The company has a market cap of $725.88, a P/E ratio of 8.49 and a beta of 1.02. NuStar GP has a twelve month low of $13.50 and a twelve month high of $31.50.

A number of institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in NuStar GP by 1.0% in the second quarter. Janney Montgomery Scott LLC now owns 10,150 shares of the pipeline company’s stock valued at $248,000 after purchasing an additional 100 shares during the last quarter. Alps Advisors Inc. raised its position in NuStar GP by 2.7% in the second quarter. Alps Advisors Inc. now owns 13,451 shares of the pipeline company’s stock valued at $329,000 after purchasing an additional 359 shares during the last quarter. Alliancebernstein L.P. raised its position in NuStar GP by 5.9% in the second quarter. Alliancebernstein L.P. now owns 8,841 shares of the pipeline company’s stock valued at $216,000 after purchasing an additional 495 shares during the last quarter. Citigroup Inc. raised its position in NuStar GP by 1.5% in the second quarter. Citigroup Inc. now owns 79,554 shares of the pipeline company’s stock valued at $1,945,000 after purchasing an additional 1,142 shares during the last quarter. Finally, WFG Advisors LP raised its position in NuStar GP by 13.9% in the second quarter. WFG Advisors LP now owns 12,300 shares of the pipeline company’s stock valued at $301,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded NuStar GP from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Citigroup dropped their price objective on NuStar GP from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. UBS Group dropped their price objective on NuStar GP from $33.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Mizuho restated a “hold” rating and set a $25.00 price objective on shares of NuStar GP in a research report on Friday, October 20th. Finally, Barclays dropped their price objective on NuStar GP from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. NuStar GP has an average rating of “Hold” and an average target price of $22.33.

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About NuStar GP

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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