Thu Sep 19 06:57:23 UTC 2024: ## Star Group Stock Surges Above Key Moving Average, Institutional Investors Show Interest

**New York, NY -** Shares of Star Group, L.P. (NYSE: SGU) experienced a significant surge on Wednesday, exceeding its 200-day moving average, a key technical indicator. The stock reached a high of $12.23, closing at $12.10 with a volume of 17,817 shares.

This positive movement comes after the company reported a quarterly loss of $0.31 per share on July 31st, with revenue of $331.64 million. Despite the loss, Star Group boasts a strong financial position with a debt-to-equity ratio of 0.37 and a market capitalization of $426.28 million.

The company’s performance has attracted attention from institutional investors. Several large investors have recently increased their stakes in Star Group, including American Century Companies Inc., Cove Street Capital LLC, Acadian Asset Management LLC, Blackstone Inc., and Renaissance Technologies LLC. In total, institutional investors currently own 40.36% of the company’s stock.

Star Group is a leading provider of home heating oil and propane products and services, serving over 402,200 residential and commercial customers across the United States. The company also offers gasoline and diesel fuel and provides heating and air conditioning installation and repair services.

The stock’s move above its 200-day moving average and the increasing interest from institutional investors suggest a positive outlook for Star Group.

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