CSI Compressco LP (CCLP) Recent Ownership Changes

CSI Compressco LP (NASDAQ:CCLP) has made a 77.18% comeback from a 12-month low price of $4.12. It was seen 20.86% higher, changing the price to $7.3, when the closing bell rang on 01/11/2018. At recent session, the prices were hovering between $6 and $7.3. This company shares are -8.63% up from its target price of $6.67 and the current market capitalization stands at $267.84M. The recent change has given its price a 38.92% lead over SMA 50 and -46.09% deficit over its 52-week high. The stock witnessed 43.14% gains, 29.2% gains and 44.55% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CCLP’s volatility during a week at 7.51% and during a month it has been found around 4.92%.

CSI Compressco LP (CCLP) Top Holders

Institutional investors currently hold around $61 million or 27.8% in CCLP stock. Look at its top three institutional owners. Oppenheimerfunds, Inc. owns $19.95 million in CSI Compressco LP, which represents roughly 7.45% of the company’s market cap and approximately 32.71% of the institutional ownership. Similar statistics are true for the second largest owner, Goldman Sachs Group Inc, which owns 2,818,987 shares of the stock are valued at $17.03 million. The third largest holder is Fmr Llc, which currently holds $9.51 million worth of this stock and that ownership represents nearly 3.55% of its market capitalization.

CSI Compressco LP 13F Filings

At the end of 09/30/2017 reporting period, 19 institutional holders increased their position in CSI Compressco LP (NASDAQ:CCLP) by some 760,769 shares, 20 decreased positions by 660,792 and 7 held positions by 8,688,111. That puts total institutional holdings at 10,109,672 shares, according to SEC filings. The stock grabbed 8 new institutional investments totaling 354,796 shares while 10 institutional investors sold out their entire positions totaling 281,637 shares.

CSI Compressco LP (NASDAQ:CCLP) Insider Trades

Multiple company employees have indulged in significant insider trading. CSI Compressco LP disclosed in a document filed with the US Securities and Exchange Commission (SEC) that VP Caglar Levent has acquired 4,000 shares of CSI Compressco LP (CCLP) in trading session dated Sep. 22, 2017. These shares are worth $19,720 and were traded at $4.93 each. The SEC filing shows that Foster Ronald J. performed a purchase of 725 shares. The SR VP Sales & Marketing added these shares by way of transaction on Mar. 15, 2016. The company’s shares were assimilated at $5.11 per share worth to an investment of some $3,705 on account of Foster Ronald J..

President – CSI Compressco, Knox Timothy A., purchased 2,000 common shares of CSI Compressco LP (CCLP) in the open market. In a transaction dated Sep. 11, 2015, the shares were bought at an average price of $12.81, giving away a sum of $25,620. After this purchase, 51,983 common shares of CCLP are directly owned by the insider, with total stake valued at $379,476.

In the transaction dated Dec. 15, 2014, the great number of shares acquired came courtesy the Director; Brightman Stuart M added a total of 7,200 shares at an average price of $13.99, amounting to approximately $100,728. The insider now directly owns 24,700 shares worth $180,310.

CSI Compressco LP (CCLP) Analyst Guide

Several analysts have released their opinion on CSI Compressco LP (NASDAQ:CCLP), with 1 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.63 average brokerage recommendation.

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