Magnetar Financial buys $14.2 Million stake in Archrock Partners LP (APLP)

Archrock Partners LP (APLP) : Magnetar Financial scooped up 250,400 additional shares in Archrock Partners LP during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 1,271,917 shares of Archrock Partners LP which is valued at $14.2 Million.Archrock Partners LP makes up approximately 0.34% of Magnetar Financial’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital boosted its stake in APLP during the Q4 period, The investment management firm added 311,921 additional shares and now holds a total of 649,723 shares of Archrock Partners LP which is valued at $7.3 Million. Archrock Partners LP makes up approx 0.02% of Guggenheim Capital’s portfolio.Geode Capital Management boosted its stake in APLP during the Q4 period, The investment management firm added 324 additional shares and now holds a total of 22,052 shares of Archrock Partners LP which is valued at $246,321.Renaissance Technologies boosted its stake in APLP during the Q4 period, The investment management firm added 180,430 additional shares and now holds a total of 216,692 shares of Archrock Partners LP which is valued at $2.4 Million. Archrock Partners LP makes up approx 0.01% of Renaissance Technologies’s portfolio.Salient Capital Advisors reduced its stake in APLP by selling 2,330 shares or 1.25% during the fourth quarter. The Hedge Fund company now holds 183,715 shares of APLP which is valued at $2.1 Million. Archrock Partners LP makes up approx 0.06% of Salient Capital Advisors’s portfolio.

On the company’s financial health, Archrock Partners LP reported $0.19 EPS for the quarter, based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus estimate of $0.19. The company had revenue of $161.40 million for the quarter, compared to analysts expectations of $161.53 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Archrock Partners LP. Archrock Partners LP was Downgraded by BofA/Merrill to ” Neutral” on Feb 17, 2016.

Archrock Partners LP formerly Exterran Partners L.P. provides natural gas contract operations services. The Company’s contract operations services include designing sourcing owning installing operating servicing repairing and maintaining equipment to provide natural gas compression services to its customers. It provides contract operations services including the personnel equipment tools materials and supplies. The Company’s general partner Exterran General Partner L.P. conducts the Company’s business and manages its operations which are conducted through its wholly owned limited liability company EXLP Operating LLC. It caters to companies engaged in various aspects of the oil and natural gas industry including natural gas producers processors gatherers transporters and storage providers. Some of its customers are also Exterran Holdings’ contract operations services customers.

NO COMMENTS

LEAVE A REPLY