Hi-Crush Partners LP (NYSE:HCLP) shareholders apparently are excited about Chief Financial Officer, Laura Fulton’s pending presentation tomorrow at the Cowen and Company 5th Annual Ultimate Energy Conference in New York, NY. While there is no word on exactly what will be touched on in her talk, the presenation will be made availlabe in PDF format for those who can’t make the event.
If we had to guess what will be touched on, it will probably focus on the positive factors supporting an eventual recovery for the company, as outlined in their November investor presentation, as well as discussing the company’s plan for internal cost reductions.
The stock is up 23.57% or $1.48 after the news, hitting $7.76 per share. About 259,118 shares traded hands. HCLP has declined 81.59% since April 27, 2015 and is downtrending. It has underperformed by 80.70% the S&P500.
The institutional sentiment decreased to 0.64 in Q2 2015. Its down 0.69, from 1.33 in 2015Q1. The ratio dropped, as 30 funds sold all Hi-Crush Partners LP shares owned while 23 reduced positions. 8 funds bought stakes while 26 increased positions. They now own 7.06 million shares or 35.35% more from 5.22 million shares in 2015Q1.
Quinn Opportunity Partners Llc holds 1.73% of its portfolio in Hi-Crush Partners LP for 118,841 shares. Zweig Advisers Llc owns 274,996 shares or 1.28% of their US portfolio. Moreover, Selz Capital Llc has 1.19% invested in the company for 215,079 shares. The Connecticut-based Gilman Hill Asset Management Llc has invested 1.18% in the stock. Berson & Corrado Investment Advisors Llc, a New York-based fund reported 83,044 shares.
Hi-Crush Partners LP is a producer and supplier of monocrystalline sand. The company has a market cap of $241.44 million. The Firm is a limited partnership formed to acquire selected sand reserves and related processing and transportation facilities of Hi-Crush Proppants LLC. It has 5.23 P/E ratio. The Company’s reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States.