American Midstream Partners LP (AMID) : Arclight Capital Partners scooped up 4,162,951 additional shares in American Midstream Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,856,944 shares of American Midstream Partners LP which is valued at $58,380,467.American Midstream Partners LP makes up approximately 8.26% of Arclight Capital Partners’s portfolio.
Other Hedge Funds, Including , Cushing Asset Management Lp sold out all of its stake in AMID during the most recent quarter. The investment firm sold 75,300 shares of AMID which is valued $905,106.Group One Trading boosted its stake in AMID in the latest quarter, The investment management firm added 9,537 additional shares and now holds a total of 10,237 shares of American Midstream Partners LP which is valued at $123,049. American Midstream Partners LP makes up approx 0.01% of Group One Trading’s portfolio.Oppenheimerfunds boosted its stake in AMID in the latest quarter, The investment management firm added 522,435 additional shares and now holds a total of 3,583,194 shares of American Midstream Partners LP which is valued at $43,069,992. American Midstream Partners LP makes up approx 0.05% of Oppenheimerfunds’s portfolio. Tfs Capital added AMID to its portfolio by purchasing 13,000 company shares during the most recent quarter which is valued at $156,260. American Midstream Partners LP makes up approx 0.03% of Tfs Capital’s portfolio.Peak6 Investments reduced its stake in AMID by selling 18,394 shares or 67.85% in the most recent quarter. The Hedge Fund company now holds 8,717 shares of AMID which is valued at $104,778. American Midstream Partners LP makes up approx 0.01% of Peak6 Investments’s portfolio.
American Midstream Partners LP opened for trading at $13.17 and hit $13.699 on the upside on Thursday, eventually ending the session at $13.62, with a gain of 2.48% or 0.33 points. The heightened volatility saw the trading volume jump to 2,43,382 shares. Company has a market cap of $424 M.
Many Wall Street Analysts have commented on American Midstream Partners LP. RBC Capital Mkts Initiated American Midstream Partners LP on Aug 19, 2016 to “Outperform”, Price Target of the shares are set at $16.American Midstream Partners LP was Upgraded by Ladenburg Thalmann to ” Buy” on Jul 21, 2016.
American Midstream Partners LP owns operates develops and acquires a diversified portfolio of midstream energy assets. The Company gathers treats processes and transports natural gas fractionates natural gas liquids (NGLs) and stores specialty chemical products through its ownership and operation of 12 gathering systems five processing facilities three fractionation facilities three interstate pipelines five intrastate pipelines and four marine terminal sites. The Company operates through three segments: Gathering and Processing Transmission and Terminals. The Gathering and Processing segment gathers processes transports and treats natural gas. The Transmission segment transports natural gas. The Terminals segment provides above-ground storage services at the Company’s marine terminals that support commodity brokers refiners and chemical manufacturers to store a range of products including petroleum products distillates chemicals and agricultural products.