Abrams Capital Management LP Holds Holding in Suburban Propane Partners L (SPH)

October 13, 2018 - By Winifred Garcia

Suburban Propane Partners, L.P. (NYSE:SPH) LogoInvestors sentiment increased to 0.86 in Q2 2018. Its up 0.01, from 0.85 in 2018Q1. It increased, as 9 investors sold SPH shares while 40 reduced holdings. 15 funds opened positions while 27 raised stakes. 17.34 million shares or 0.38% more from 17.28 million shares in 2018Q1 were reported. Guggenheim Ltd Limited Liability Company owns 37,840 shares. Jane Street Grp Ltd Liability has 0% invested in Suburban Propane Partners, L.P. (NYSE:SPH) for 10,643 shares. Sfe Counsel reported 0.22% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH). Pnc Fincl Service Group Inc Inc, Pennsylvania-based fund reported 30,951 shares. Manufacturers Life Communications The invested 0% in Suburban Propane Partners, L.P. (NYSE:SPH). Ohio-based Stratos Wealth Prtn Ltd has invested 0.01% in Suburban Propane Partners, L.P. (NYSE:SPH). Van Eck Assocs holds 0.01% or 128,570 shares in its portfolio. Camarda Fin Advsrs Limited Liability Corporation accumulated 5,886 shares. Bankshares reported 0% in Suburban Propane Partners, L.P. (NYSE:SPH). Keybank Association Oh holds 0% in Suburban Propane Partners, L.P. (NYSE:SPH) or 21,220 shares. Raymond James Svcs holds 0.02% or 149,068 shares. Northwestern Mutual Wealth Mngmt Company holds 3,468 shares. Ftb Advsr Inc has 0% invested in Suburban Propane Partners, L.P. (NYSE:SPH) for 100 shares. Cordasco has invested 0.01% in Suburban Propane Partners, L.P. (NYSE:SPH). X Company Limited Liability Company, New York-based fund reported 6,934 shares.

Since June 14, 2018, it had 0 insider purchases, and 5 sales for $652,480 activity. Shares for $199,815 were sold by Boyd Steven C on Thursday, June 14. Shares for $174,725 were sold by Kuglin Michael. LOGAN HAROLD R JR also sold $47,880 worth of Suburban Propane Partners, L.P. (NYSE:SPH) shares. 1,500 shares were sold by Swift Jane, worth $35,500 on Friday, August 24.

Abrams Capital Management Lp increased its stake in Suburban Propane Partners L (SPH) by 42.44% based on its latest 2018Q2 regulatory filing with the SEC. Abrams Capital Management Lp bought 843,763 shares as the company’s stock declined 2.56% while stock markets rallied. The hedge fund held 2.83 million shares of the consumer services company at the end of 2018Q2, valued at $66.53 million, up from 1.99 million at the end of the previous reported quarter. Abrams Capital Management Lp who had been investing in Suburban Propane Partners L for a number of months, seems to be bullish on the $1.45 billion market cap company. The stock increased 0.17% or $0.04 during the last trading session, reaching $23.56. About 249,557 shares traded or 26.62% up from the average. Suburban Propane Partners, L.P. (NYSE:SPH) has declined 5.50% since October 13, 2017 and is downtrending. It has underperformed by 21.12% the S&P500.

Another recent and important Suburban Propane Partners, L.P. (NYSE:SPH) news was published by Globenewswire.com which published an article titled: “New Research: Key Drivers of Growth for Suburban Propane Partners, National HealthCare, South Jersey Industries …” on October 08, 2018.

Suburban Propane Partners, L.P. (NYSE:SPH) Institutional Positions Chart

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