Raymond James Financial Services Advisors Inc. Sells 6,289 Shares of Crossamerica Partners LP (NYSE:CAPL)

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Crossamerica Partners LP (NYSE:CAPL) by 6.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,389 shares of the oil and gas company’s stock after selling 6,289 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.25% of Crossamerica Partners worth $1,596,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAPL. Quadrant Private Wealth Management LLC boosted its position in Crossamerica Partners by 1.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 78,561 shares of the oil and gas company’s stock worth $1,112,000 after acquiring an additional 988 shares during the last quarter. Strategic Wealth Advisors Group LLC boosted its holdings in shares of Crossamerica Partners by 258.7% in the 1st quarter. Strategic Wealth Advisors Group LLC now owns 50,215 shares of the oil and gas company’s stock valued at $923,000 after buying an additional 36,215 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Crossamerica Partners by 4.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,118 shares of the oil and gas company’s stock valued at $860,000 after buying an additional 1,878 shares during the last quarter. Summit Wealth & Retirement Planning Inc. acquired a new stake in shares of Crossamerica Partners in the 4th quarter valued at approximately $449,000. Finally, Creative Planning boosted its holdings in shares of Crossamerica Partners by 4.3% in the 1st quarter. Creative Planning now owns 14,360 shares of the oil and gas company’s stock valued at $262,000 after buying an additional 590 shares during the last quarter. 32.00% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded Crossamerica Partners from a “sell” rating to a “hold” rating in a research report on Tuesday. Raymond James set a $19.00 price target on Crossamerica Partners and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, ValuEngine upgraded Crossamerica Partners from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $20.00.

Shares of NYSE CAPL traded down $0.04 during midday trading on Wednesday, hitting $15.64. 49,500 shares of the stock traded hands, compared to its average volume of 102,218. The company has a market capitalization of $547.94 million, a P/E ratio of 141.55, a PEG ratio of 6.89 and a beta of 1.46. Crossamerica Partners LP has a one year low of $13.00 and a one year high of $19.20. The company’s 50 day moving average is $15.72. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 5.29.

About Crossamerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.

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Institutional Ownership by Quarter for Crossamerica Partners (NYSE:CAPL)

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