First Eagle Investment Management LLC held its stake in shares of NuStar GP Holdings, LLC (NYSE:NSH) during the third quarter, Holdings Channel reports. The fund owned 250,000 shares of the company’s stock at the end of the third quarter. First Eagle Investment Management LLC’s holdings in NuStar GP Holdings were worth $6,395,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. IFP Advisors Inc raised its position in shares of NuStar GP Holdings by 4.1% in the second quarter. IFP Advisors Inc now owns 5,056 shares of the company’s stock valued at $130,000 after buying an additional 200 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new position in shares of NuStar GP Holdings during the second quarter worth about $203,000. Cannell Peter B & Co. Inc. acquired a new position in shares of NuStar GP Holdings during the second quarter worth about $210,000. M&T Bank Corp acquired a new position in shares of NuStar GP Holdings during the second quarter worth about $213,000. Finally, Fiduciary Financial Services of The Southwest Inc. TX acquired a new position in shares of NuStar GP Holdings during the second quarter worth about $229,000.

Institutional Ownership by Quarter for NuStar GP Holdings (NYSE:NSH)

NuStar GP Holdings, LLC (NYSE:NSH) traded up 3.8739% during trading on Wednesday, reaching $25.4491. 29,253 shares of the company were exchanged. The firm’s 50 day moving average is $24.82 and its 200 day moving average is $24.77. NuStar GP Holdings, LLC has a 52-week low of $12.86 and a 52-week high of $27.07. The stock has a market capitalization of $1.09 billion, a PE ratio of 17.6485 and a beta of 1.02.

NuStar GP Holdings (NYSE:NSH) last announced its earnings results on Wednesday, November 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. Analysts expect that NuStar GP Holdings, LLC will post $1.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Tuesday, November 8th were given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 8.90%. The ex-dividend date was Friday, November 4th.

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NSH has been the topic of a number of research reports. Credit Suisse Group AG lowered shares of NuStar GP Holdings from a “neutral” rating to an “underperform” rating in a research report on Thursday, November 3rd. Citigroup Inc. upgraded shares of NuStar GP Holdings from a “neutral” rating to a “buy” rating and raised their target price for the stock from $26.00 to $29.00 in a research report on Friday, August 12th. TheStreet lowered shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. Zacks Investment Research upgraded shares of NuStar GP Holdings from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, October 5th. Finally, Mizuho initiated coverage on shares of NuStar GP Holdings in a research report on Thursday, September 29th. They set a “neutral” rating and a $26.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $25.67.

In other NuStar GP Holdings news, Director James F. Clingman sold 5,550 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $25.35, for a total value of $140,692.50. Following the transaction, the director now directly owns 40,947 shares of the company’s stock, valued at approximately $1,038,006.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

About NuStar GP Holdings

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products, and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

5 Day Chart for NYSE:NSH

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