Hsbc Holdings PLC Invests $58,000 in Hi-Crush Partners LP (HCLP) Stock

Hsbc Holdings PLC bought a new position in Hi-Crush Partners LP (NYSE:HCLP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,177 shares of the basic materials company’s stock, valued at approximately $58,000.

A number of other hedge funds have also recently modified their holdings of HCLP. Wells Fargo & Company MN lifted its holdings in shares of Hi-Crush Partners by 31.6% in the third 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. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Hi-Crush Partners in the third quarter valued at about $212,000. Janney Montgomery Scott LLC acquired a new stake in shares of Hi-Crush Partners in the third quarter valued at about $124,000. Allianz Asset Management GmbH acquired a new stake in shares of Hi-Crush Partners in the third quarter valued at about $10,992,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of Hi-Crush Partners in the third quarter valued at about $151,000. 8.32% of the stock is currently owned by institutional investors.

Shares of NYSE:HCLP opened at $3.77 on Friday. Hi-Crush Partners LP has a 12-month low of $3.19 and a 12-month high of $16.65. The company has a market cap of $381.00 million, a PE ratio of 2.53 and a beta of 1.97. 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 (NYSE:HCLP) last issued its quarterly earnings results on Tuesday, February 5th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $162.20 million during the quarter, compared to the consensus estimate of $145.45 million. Hi-Crush Partners had a net margin of 16.44% and a return on equity of 17.49%. The company’s quarterly revenue was down 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. As a group, sell-side analysts predict that Hi-Crush Partners LP will post 0.23 earnings per share for the current fiscal year.

A number of analysts recently issued reports on HCLP shares. Zacks Investment Research raised Hi-Crush Partners from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. UBS Group set a $4.00 target price on Hi-Crush Partners and gave the company a “hold” rating in a research report on Monday, January 14th. R. F. Lafferty downgraded Hi-Crush Partners from a “buy” rating to a “hold” rating and lowered their target price for the company from $10.00 to $4.00 in a research report on Monday, January 7th. B. Riley reaffirmed a “neutral” rating and issued a $6.50 target price (down previously from $10.00) on shares of Hi-Crush Partners in a research report on Tuesday, January 8th. Finally, Jefferies Financial Group reaffirmed a “sell” rating on shares of Hi-Crush Partners in a research report on Tuesday, April 2nd. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $9.29.

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Hi-Crush Partners Company 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.

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

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