U S Global Investors Inc boosted its stake in shares of Ciner Resources LP (NYSE:CINR) by 29.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,200 shares of the basic materials company’s stock after buying an additional 10,400 shares during the period. U S Global Investors Inc owned 0.23% of Ciner Resources worth $1,318,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in shares of Ciner Resources during the fourth quarter worth about $592,000. Renaissance Technologies LLC raised its stake in Ciner Resources by 58.1% in the fourth quarter. Renaissance Technologies LLC now owns 59,902 shares of the basic materials company’s stock valued at $1,737,000 after buying an additional 22,002 shares during the last quarter. Creative Planning raised its stake in Ciner Resources by 49.4% in the first quarter. Creative Planning now owns 3,735 shares of the basic materials company’s stock valued at $107,000 after buying an additional 1,235 shares during the last quarter. Midas Management Corp raised its stake in Ciner Resources by 60.0% in the first quarter. Midas Management Corp now owns 94,802 shares of the basic materials company’s stock valued at $2,704,000 after buying an additional 35,564 shares during the last quarter. Finally, Central Bank & Trust Co. acquired a new stake in Ciner Resources during the first quarter valued at about $181,000. Institutional investors and hedge funds own 9.72% of the company’s stock.
Shares of Ciner Resources LP (CINR) traded down 0.92% during mid-day trading on Monday, reaching $28.08. 9,849 shares of the company’s stock were exchanged. The company has a market cap of $565.17 million, a PE ratio of 13.31 and a beta of 0.98. The company’s 50-day moving average price is $28.27 and its 200 day moving average price is $29.18. Ciner Resources LP has a 52-week low of $26.25 and a 52-week high of $39.10.
Ciner Resources (NYSE:CINR) last issued its quarterly earnings results on Monday, May 8th. The basic materials company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.02. Ciner Resources had a net margin of 8.68% and a return on equity of 16.31%. The business had revenue of $126.60 million for the quarter, compared to the consensus estimate of $122.42 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts predict that Ciner Resources LP will post $2.17 EPS for the current year.
A number of equities analysts have commented on CINR shares. FBR & Co restated a “buy” rating on shares of Ciner Resources in a research report on Friday, February 24th. ValuEngine downgraded shares of Ciner Resources from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Ciner Resources from a “sell” rating to a “hold” rating in a research note on Thursday, May 18th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Ciner Resources currently has a consensus rating of “Hold” and an average price target of $32.17.
Ciner Resources Company Profile
Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
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