Usa Compression Partners LP (USAC) : Spirit Of America Management Corpny scooped up 21,725 additional shares in Usa Compression Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 890,566 shares of Usa Compression Partners LP which is valued at $11,515,018.Usa Compression Partners LP makes up approximately 2.05% of Spirit Of America Management Corpny’s portfolio.
Usa Compression Partners LP opened for trading at $12.57 and hit $13.29 on the upside on Monday, eventually ending the session at $13.07, with a gain of 1.08% or 0.14 points. The heightened volatility saw the trading volume jump to 91,774 shares. Company has a market cap of $688 M.
Other Hedge Funds, Including , Simplex Trading boosted its stake in USAC in the latest quarter, The investment management firm added 5,161 additional shares and now holds a total of 9,356 shares of Usa Compression Partners LP which is valued at $120,973. Usa Compression Partners LP makes up approx 0.02% of Simplex Trading’s portfolio.Central Trust Co reduced its stake in USAC by selling 650 shares or 56.52% in the most recent quarter. The Hedge Fund company now holds 500 shares of USAC which is valued at $6,465.
On the company’s financial health, Usa Compression Partners LP reported $-3.02 EPS for the quarter, missing the analyst consensus estimate by $ -3.22 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $0.20. The company had revenue of $68.60 million for the quarter, compared to analysts expectations of $68.12 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
USA Compression Partners LP is a provider of compression services in the United States in terms of total compression fleet horsepower. The Companys general partner USA Compression GP LLC manages its operations and activities. It provides services to its customers primarily in connection with infrastructure applications including processing and transportation of natural gas through the domestic pipeline system and crude oil production through artificial lift processes. As part of its services the Company engineer design operate service and repair its fleet of compression units and maintain related support inventory and equipment. The Company has approximately 1549020 horsepower in its fleet. It provides compression services in a number of shale plays throughout the United States including the Utica Marcellus Permian Basin Eagle Ford Mississippi Lime Granite Wash Woodford Barnett Haynesville and Fayetteville shales.