Suburban Propane Partners LP (NYSE:SPH), saw an insider lower his positioning in the company through a transaction officially filed today, August 20th. Senior Vice President and Administrator Michael M. Keating sold 10,000 shares of common stock at an average price of $44.29 per share. Moreover, Suburban Propane Partners LP (NYSE:SPH) is a $2.67 billion market cap company is a nationwide marketer and distributor of a range of products meeting the energy needs of the customers.
In addition, there are multiple hedge funds with large investments in the company. Jim Simons‘ Renaissance Technologies saw its activity with the company rise by 168% last quarter, and now holds 246,167 shares worth about $11.3 million; while First Eagle Investment Management, the hedge fund run by Jean-Marie Eveillard, showed no change in its holdings last quarter, and has 196,250 shares worth about $9 million invested in Suburban Propane Partners LP (NYSE:SPH).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.