Iconiq Capital Lowers stake in Par Pacific Holdings (PARR)

Par Pacific Holdings (PARR) : Iconiq Capital reduced its stake in Par Pacific Holdings by 30.05% during the most recent quarter end. The investment management company now holds a total of 663,860 shares of Par Pacific Holdings which is valued at $10.7 Million after selling 285,200 shares in Par Pacific Holdings , the firm said in a disclosure report filed with the SEC on May 13, 2016.Par Pacific Holdings makes up approximately 2.01% of Iconiq Capital’s portfolio.

Other Hedge Funds, Including , Piermont Capital Management boosted its stake in PARR in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 14,120 shares of Par Pacific Holdings which is valued at $227,332. Par Pacific Holdings makes up approx 0.07% of Piermont Capital Management’s portfolio. Ausdal Financial Partners sold out all of its stake in PARR during the most recent quarter. The investment firm sold 1,000 shares of PARR which is valued $17,230.Russell Frank Co boosted its stake in PARR in the latest quarter, The investment management firm added 153,737 additional shares and now holds a total of 359,445 shares of Par Pacific Holdings which is valued at $6.9 Million. Par Pacific Holdings makes up approx 0.01% of Russell Frank Co’s portfolio.

Par Pacific Holdings closed down -0.27 points or -1.71% at $15.55 with 1,10,812 shares getting traded on Wednesday. Post opening the session at $15.79, the shares hit an intraday low of $15.23 and an intraday high of $16.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Many Wall Street Analysts have commented on Par Pacific Holdings. Sterne Agee CRT Initiated Par Pacific Holdings on May 20, 2016 to “Buy”, Price Target of the shares are set at $21.Shares were Reiterated by Imperial Capital on May 18, 2016 to “Outperform” and Lowered the Price Target to $ 22 from a previous price target of $25 .

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