Lake Point Wealth Management Buys Shares of 13,925 Hi-Crush Partners LP (HCLP)

Lake Point Wealth Management acquired a new stake in Hi-Crush Partners LP (NYSE:HCLP) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,925 shares of the basic materials company’s stock, valued at approximately $50,000.

A number of other hedge funds also recently made changes to their positions in HCLP. Prescott Group Capital Management L.L.C. purchased a new stake in Hi-Crush Partners in the 4th quarter valued at approximately $4,533,000. Allianz Asset Management GmbH purchased a new stake in Hi-Crush Partners in the 3rd quarter valued at approximately $10,992,000. First Republic Investment Management Inc. boosted its holdings in Hi-Crush Partners by 1,251.7% in the 3rd quarter. First Republic Investment Management Inc. now owns 497,293 shares of the basic materials company’s stock valued at $5,371,000 after purchasing an additional 460,503 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Hi-Crush Partners by 2.1% in the 4th quarter. California Public Employees Retirement System now owns 229,584 shares of the basic materials company’s stock valued at $822,000 after purchasing an additional 4,742 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Hi-Crush Partners by 31.6% in the 3rd quarter. Wells Fargo & Company MN now owns 108,060 shares of the basic materials company’s stock valued at $1,167,000 after purchasing an additional 25,943 shares in the last quarter. Hedge funds and other institutional investors own 8.33% of the company’s stock.

Shares of Hi-Crush Partners stock traded down $0.10 during trading on Friday, hitting $4.08. 397,533 shares of the company were exchanged, compared to its average volume of 671,274. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.85 and a quick ratio of 1.48. Hi-Crush Partners LP has a fifty-two week low of $3.19 and a fifty-two week high of $16.65. The company has a market capitalization of $412.33 million, a P/E ratio of 2.74 and a beta of 1.97.

Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings data on Tuesday, February 5th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.02). Hi-Crush Partners had a return on equity of 17.49% and a net margin of 16.44%. The company had revenue of $162.20 million for the quarter, compared to analyst estimates of $145.45 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was down 24.2% on a year-over-year basis. As a group, research analysts expect that Hi-Crush Partners LP will post 0.23 EPS for the current fiscal year.

Several equities research analysts have recently commented on the company. Jefferies Financial Group reissued a “sell” rating on shares of Hi-Crush Partners in a research note on Tuesday, April 2nd. Zacks Investment Research raised Hi-Crush Partners from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. UBS Group set a $4.00 price target on Hi-Crush Partners and gave the stock a “hold” rating in a research note on Monday, January 14th. B. Riley reissued a “neutral” rating and set a $6.50 price target (down previously from $10.00) on shares of Hi-Crush Partners in a research note on Tuesday, January 8th. Finally, R. F. Lafferty lowered Hi-Crush Partners from a “buy” rating to a “hold” rating and decreased their price target for the stock from $10.00 to $4.00 in a research note on Monday, January 7th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.29.

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Hi-Crush Partners Profile

Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin.

Further Reading: Buy-Side Analysts

Institutional Ownership by Quarter for Hi-Crush Partners (NYSE:HCLP)

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