Abrams Capital Management LP Stake in Suburban Propane Partners L (SPH) Has Raised by $19.41 Million

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 improved, 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. Benjamin F Edwards Inc invested 0% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH). Focused Wealth stated it has 120 shares or 0% of all its holdings. Allsquare Wealth Ltd Limited Liability Company accumulated 1,904 shares or 0.03% of the stock. Citadel Advsrs Limited Liability Co holds 0% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH) for 51,895 shares. Van Eck Associates Corporation accumulated 128,570 shares. Janney Montgomery Scott Limited Liability has invested 0.02% in Suburban Propane Partners, L.P. (NYSE:SPH). First Manhattan holds 0% or 8,300 shares in its portfolio. Whittier Of Nevada Inc stated it has 0% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH). Nelson Van Denburg & Campbell Wealth Mgmt Gru Limited Liability invested 0% in Suburban Propane Partners, L.P. (NYSE:SPH). Washington Tru holds 900 shares. Raymond James And Associate has 0% invested in Suburban Propane Partners, L.P. (NYSE:SPH). Clearbridge Investments Ltd Co owns 723,827 shares. Arrow Advisors Ltd Limited Liability Company reported 0.16% in Suburban Propane Partners, L.P. (NYSE:SPH). Moreover, Creative Planning has 0% invested in Suburban Propane Partners, L.P. (NYSE:SPH) for 20,420 shares. Community Bank & Trust Na has invested 0% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH).

Since June 14, 2018, it had 0 insider purchases, and 5 selling transactions for $652,480 activity. $35,500 worth of Suburban Propane Partners, L.P. (NYSE:SPH) was sold by Swift Jane on Friday, August 24. 7,250 shares valued at $174,725 were sold by Kuglin Michael on Tuesday, August 14. 8,000 Suburban Propane Partners, L.P. (NYSE:SPH) shares with value of $194,560 were sold by Brinkworth Douglas. $199,815 worth of Suburban Propane Partners, L.P. (NYSE:SPH) was sold by Boyd Steven C on Thursday, June 14.

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 $66.53M, 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 $1.45B 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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