The Spark Investment Management LLC Cuts Position in Aegean Marine Petroleum Network Inc. (ANW)

The Spark Investment Management LLC Cuts Position in Aegean Marine Petroleum Network Inc. (ANW)

Spark Investment Management LLC cut its position in shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) by 73.9% during the third quarter, Holdings Channel reports. The firm owned 39,300 shares of the company’s stock after selling 111,300 shares during the period. Spark Investment Management LLC owned approximately 0.08% of Aegean Marine Petroleum Network worth $393,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in Aegean Marine Petroleum Network by 66.8% in the third quarter. Acadian Asset Management LLC now owns 2,027,718 shares of the company’s stock valued at $20,279,000 after buying an additional 812,390 shares in the last quarter. Towle & Co. boosted its stake in Aegean Marine Petroleum Network by 22.8% in the second quarter. Towle & Co. now owns 2,172,838 shares of the company’s stock valued at $11,951,000 after buying an additional 403,020 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Aegean Marine Petroleum Network during the second quarter valued at approximately $144,000. Systematic Financial Management LP boosted its stake in Aegean Marine Petroleum Network by 72.1% in the second quarter. Systematic Financial Management LP now owns 266,345 shares of the company’s stock valued at $1,464,000 after buying an additional 111,560 shares in the last quarter. Finally, Schneider Capital Management Corp boosted its stake in Aegean Marine Petroleum Network by 15.7% in the second quarter. Schneider Capital Management Corp now owns 1,708,680 shares of the company’s stock valued at $9,398,000 after buying an additional 232,188 shares in the last quarter. 71.04% of the stock is owned by institutional investors and hedge funds.

Shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW) traded up 0.96% on Wednesday, hitting $10.55. 171,122 shares of the company traded hands. The firm’s 50-day moving average is $10.77 and its 200 day moving average is $9.26. Aegean Marine Petroleum Network Inc. has a 1-year low of $5.00 and a 1-year high of $13.10. The firm has a market capitalization of $415.70 million, a P/E ratio of 11.41 and a beta of 2.93.

Several equities research analysts have recently commented on ANW shares. Zacks Investment Research cut shares of Aegean Marine Petroleum Network from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet raised shares of Aegean Marine Petroleum Network from a “hold” rating to a “buy” rating in a research report on Wednesday, November 30th. Finally, Clarkson Capital reaffirmed a “neutral” rating on shares of Aegean Marine Petroleum Network in a research report on Tuesday, January 10th.

About Aegean Marine Petroleum Network

Aegean Marine Petroleum Network Inc is an international marine fuel logistics company. The Company markets and physically supplies refined marine fuel and lubricants to vessels in port, at sea and on rivers. As a physical supplier, the Company procures marine fuel from refineries, oil producers and other sources, and resells and delivers these fuels from its bunkering vessels to a range of end users.

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