Star Group (NYSE:SGU) Stock Rating Upgraded by StockNews.com

Star Group (NYSE:SGU) has received an upgrade from StockNews.com, which has changed its rating from a "buy" to a "strong-buy". This announcement was made in a research report that was issued to investors on Friday.

Star Group Price Performance

During midday trading on Friday, Star Group's stock price decreased by $0.19, reaching $12.24. The trading volume for the day was 11,747 shares, which is lower than the average volume of 33,494 shares. Current financial ratios for Star Group include a current ratio of 0.75, a quick ratio of 0.64, and a debt-to-equity ratio of 0.71. Star Group’s market capitalization stands at $423.26 million, with a price-to-earnings ratio of 21.47 and a beta value of 0.48. Over the past year, the company's stock has experienced a low of $9.64 and a high of $12.99, while the 50-day and 200-day simple moving averages are $11.70 and $11.66, respectively.

On February 5th, Star Group reported its quarterly earnings, showing an earnings per share (EPS) of $0.79. The company's net margin is 1.99%, and its return on equity is 12.01%.

Institutional Investors and Hedge Funds

Recent changes in the ownership of Star Group have been influenced by various hedge funds and institutional investors. For instance, in the third quarter, JPMorgan Chase & Co. increased its stake in Star Group by 12%, holding a total of 622,573 shares, which is valued at approximately $7.31 million. Additionally, Victory Capital Management Inc. bought a new position worth about $566,000 in Star Group during the same period. GSA Capital Partners LLP also raised its stake by 89.4%, bringing their total to 22,884 shares valued at $269,000 following the purchase of 10,799 more shares. Other entities, such as Roxbury Financial LLC and Jones Financial Companies Lllp, have also acquired new stakes in Star Group. Roughly 40.36% of Star Group's stock is now held by institutional investors.

About Star Group

Star Group, L.P. provides a range of heating and fuel services across the United States. With its subsidiaries, the company delivers home heating oil and propane products to both residential and commercial clients. They also offer gasoline and diesel fuel and are involved in the installation, maintenance, and repair of heating and air conditioning systems. As of September 30, 2023, Star Group serves approximately 402,200 full-service home heating oil and propane customers and 52,400 customers who receive delivery-only services.

Considerations for Investors

While Star Group has achieved a strong buy rating, potential investors may want to evaluate other stock options available in the market. Keeping track of analyst reports can provide insights on various investment opportunities that may arise. In summary, it's essential to consider a wide range of factors when contemplating investments in Star Group or similar companies.

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