CrossAmerica Partners LP (CAPL) Shares Bought by Goldman Sachs Group Inc

Mountain Lake Investment Management Llc decreased Crossamerica Partners Lp (CAPL) stake by 12% reported in 2017Q2 SEC filing. Company shares are trading at $26.48 which is a tad under the 50 day moving average which is $27.03 and a bit higher than the 200 day moving average of $26.00.

03/28/2016 - CrossAmerica Partners LP was downgraded to "equal-weight" by analysts at Stephens. The number of shares now owned by investors are 29.82 mln. The value of the total investment in CrossAmerica Partners LP Common increased from $279,000 to $1,052,000 a change of $773,000 quarter to quarter. Harvest Fund Advisors LLC now holds 2,933,864 shares with a value of $74,814,000. Ameriprise Financial Inc. raised its position in CrossAmerica Partners by 71.3% during the second quarter.

American Software, Inc. (NASDAQ:AMSWA) closed up +0.12 points or 1.01% at $12 with 0.09 mln shares exchanging hands. Finally, Janney Montgomery Scott LLC increased its position in shares of Crossamerica Partners by 21.3% in the first quarter. Harvest Fund Advisors Llc sold 187,922 shares as Crossamerica Partners Lp (CAPL)'s stock declined 8.17%. The number of shares now owned by investors are 33.81 mln.

There has been some buying insider activity on CrossAmerica Partners LP Common (NYSE:CAPL) recently. The firm has a 50-day moving average price of $27.03 and a 200 day moving average price of $26.00. The firm has "Hold" rating given on Thursday, July 20 by RBC Capital Markets. Crossamerica Partners has a one year low of $23.26 and a one year high of $29.80.

Crossamerica Partners (NYSE:CAPL) opened at 26.69 on Friday. The oil and gas company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). Crossamerica Partners had a net margin of 0.60% and a return on equity of 4.43%. The firm had revenue of $528.79 million during the quarter, compared to analyst estimates of $596.92 million.

Crossamerica Partners (NYSE:CAPL) last posted its quarterly earnings data on Monday, August 7th. The shares were bought at an average cost of $26.00 per share, with a total value of $1,300,000.00. Sell-side analyst recommendations point to a short term price target of $12.63 on the company shares. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. The stock is performing 16.17% year to date. The company presently has an average rating of "Buy" and an average target price of $29.00. The company was upgraded on Friday, December 11 by TD Securities. The disclosure for this purchase can be found here.

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CAPL has been the subject of a number of other research reports.

09/09/2016 - FBR Capital Markets began new coverage on CrossAmerica Partners LP giving the company a "outperform" rating. The rating was maintained by RBC Capital Markets with "Sector Perform" on Thursday, March 9. The firm has "Hold" rating by BMO Capital Markets given on Friday, April 28. The analyst recommendations from a month ago are 2 Buy, 0 Overweight, 0 Sell, 0 Hold and 0 Underweight. The consensus rating is 2, indicating analysts in general look favorably on the company's future prospects.

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

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