Hi-Crush Partners LP (HCLP) : Top Ace Asset Management Ltd scooped up 200,000 additional shares in Hi-Crush Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 550,000 shares of Hi-Crush Partners LP which is valued at $3,850,000.Hi-Crush Partners LP makes up approximately 5.02% of Top Ace Asset Management Ltd’s portfolio.
Hi-Crush Partners LP closed down -0.15 points or -2.14% at $6.85 with 13,40,274 shares getting traded on Monday. Post opening the session at $6.91, the shares hit an intraday low of $6.6324 and an intraday high of $7.22 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Hite Hedge Asset Management added HCLP to its portfolio by purchasing 159,743 company shares during the most recent quarter which is valued at $1,118,201. Hi-Crush Partners LP makes up approx 0.46% of Hite Hedge Asset Management’s portfolio. Burt Wealth Advisors added HCLP to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $700.Spirit Of America Management Corpny reduced its stake in HCLP by selling 175,469 shares or 30.33% in the most recent quarter. The Hedge Fund company now holds 403,140 shares of HCLP which is valued at $2,221,301. Hi-Crush Partners LP makes up approx 0.40% of Spirit Of America Management Corpny’s portfolio.
On the company’s financial health, Hi-Crush Partners LP reported $-0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.33 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.15. The company had revenue of $52.15 million for the quarter, compared to analysts expectations of $53.90 million. The company’s revenue was down -48.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.
Many Wall Street Analysts have commented on Hi-Crush Partners LP. Company shares were Reiterated by Wunderlich on May 2, 2016 to “Hold”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .Shares were Downgraded by Cowen on Feb 29, 2016 to ” Market Perform” and Lowered the Price Target to $ 4.20 from a previous price target of $12.50 .Company shares were Reiterated by Wunderlich on Feb 24, 2016 to “Hold”, Firm has raised the Price Target to $ 5 from a previous price target of $4 .
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The Company is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. Its reserves consist of northern white sand a resource in Wisconsin and limited portions of the upper Midwest region of the United States. It owns operates and develops sand reserves and related excavation and processing facilities. Its 751-acre facility with rail infrastructure located in Wyeville Wisconsin enables it to process and deliver approximately 1600000 tons of 20/70 frac sand per year. It also holds a 98% interest in Augusta. The Company owns and operates the Wyeville facility which is located in Monroe County Wisconsin and contains approximately 75.5 million tons of recoverable reserves of frac sand.