The stock of Arc Logistics Partners LP (NYSE:ARCX) is a huge mover today! About 104,032 shares traded hands or 253.86% up from the average. Arc Logistics Partners LP (NYSE:ARCX) has risen 45.27% since April 4, 2016 and is uptrending. It has outperformed by 44.18% the S&P500.
The move comes after 8 months negative chart setup for the $250.27M company. It was reported on Nov, 4 by Barchart.com. We have $11.54 PT which if reached, will make NYSE:ARCX worth $27.53 million less.
Arc Logistics Partners LP (NYSE:ARCX) Ratings Coverage
Out of 7 analysts covering Arc Logistics (NYSE:ARCX), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Arc Logistics has been the topic of 12 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, March 14. The firm earned “Hold” rating on Friday, August 5 by Stifel Nicolaus. The stock of Arc Logistics Partners LP (NYSE:ARCX) has “Buy” rating given on Friday, May 20 by Citigroup. The stock has “Equal Weight” rating given by Barclays Capital on Monday, January 11. The rating was initiated by DA Davidson with “Buy” on Tuesday, November 17. The company was upgraded on Friday, May 6 by Seaport Global. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, May 6 report. The rating was maintained by Citigroup with “Buy” on Tuesday, March 15.
According to Zacks Investment Research, “Arc Logistics Partners LP is principally engaged in the terminalling, storage, throughput and transloading of crude oil and petroleum products. It owns, operates, develops and acquires a portfolio of complementary energy logistics assets. Arc Logistics Partners LP is based in New York.”
Insitutional Activity: The institutional sentiment decreased to 0.75 in Q2 2016. Its down 0.63, from 1.38 in 2016Q1. The ratio turned negative, as 5 funds sold all Arc Logistics Partners LP shares owned while 7 reduced positions. 3 funds bought stakes while 6 increased positions. They now own 7.25 million shares or 25.50% less from 9.73 million shares in 2016Q1.
Raymond James Fincl Svcs Advisors accumulated 0.01% or 40,800 shares. Kayne Anderson Cap Advsr Ltd Partnership has invested 0.54% of its portfolio in Arc Logistics Partners LP (NYSE:ARCX). Morgan Stanley accumulated 0% or 125,066 shares. Advisory Rech holds 542,595 shares or 0.12% of its portfolio. Renaissance Ltd Limited Liability Company last reported 45,700 shares in the company. Moreover, Goldman Sachs Gru Inc has 0% invested in Arc Logistics Partners LP (NYSE:ARCX) for 739,072 shares. Commercial Bank Of America De has 0% invested in the company for 236,789 shares. Tower Capital Limited Liability Com (Trc) holds 0% or 3,028 shares in its portfolio. Hite Hedge Asset Mngmt Limited Liability has invested 0.53% of its portfolio in Arc Logistics Partners LP (NYSE:ARCX). Citigroup has invested 0% of its portfolio in Arc Logistics Partners LP (NYSE:ARCX). Jpmorgan Chase has 0% invested in the company for 8,572 shares. Toronto Dominion Comml Bank owns 826 shares or 0% of their US portfolio. Eagle Glob Advsr Limited Liability Corp has 0.13% invested in the company for 353,357 shares. Deutsche Bank Ag has 79,200 shares for 0% of their US portfolio. Wells Fargo And Co Mn has invested 0% of its portfolio in Arc Logistics Partners LP (NYSE:ARCX).
More notable recent Arc Logistics Partners LP (NYSE:ARCX) news were published by: Globenewswire.com which released: “Arc Logistics Partners LP Announces Third Quarter 2016 Results” on November 03, 2016, also Reuters.com with their article: “BRIEF-Arc Logistics Partners LP announces Q3 results” published on November 03, 2016, Globenewswire.com published: “Arc Logistics Partners LP Announces Quarterly Distribution, Second Quarter …” on July 28, 2016. More interesting news about Arc Logistics Partners LP (NYSE:ARCX) were released by: Globenewswire.com and their article: “Arc Logistics Partners LP Announces Fourth Quarter and Full Year 2015 Results” published on March 10, 2016 as well as Globenewswire.com‘s news article titled: “Arc Logistics Partners LP Completes Its Acquisition of Four Refined Products …” with publication date: January 14, 2016.
ARCX Company Profile
Arc Logistics Partners LP, incorporated on July 29, 2013, owns, operates, develops and acquires a portfolio of complementary energy logistics assets. The Firm is engaged in the terminaling, storage, throughput and transloading of crude oil and petroleum products. It is focused on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets. It offers storage and throughput services fees, and ancillary services fees. The Firm operates through terminal and transloading facilities segment.
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