Shapiro Capital Management LLC continued to hold its position in shares of Ciner Resources LP (NYSE:CINR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,689 shares of the basic materials company’s stock at the close of the 2nd quarter. Shapiro Capital Management LLC owned 0.14% of Ciner Resources worth $786,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Ciner Resources by 16.7% during the second quarter. Bank of New York Mellon Corp now owns 71,021 shares of the basic materials company’s stock valued at $1,946,000 after acquiring an additional 10,150 shares during the last quarter. Pointe Capital Management LLC acquired a new stake in shares of Ciner Resources during the first quarter valued at $737,000. U S Global Investors Inc boosted its stake in shares of Ciner Resources by 29.1% during the first quarter. U S Global Investors Inc now owns 46,200 shares of the basic materials company’s stock valued at $1,318,000 after acquiring an additional 10,400 shares during the last quarter. Walthausen & Co. LLC boosted its stake in shares of Ciner Resources by 40.0% during the first quarter. Walthausen & Co. LLC now owns 350,770 shares of the basic materials company’s stock valued at $10,007,000 after acquiring an additional 100,280 shares during the last quarter. Finally, FMR LLC acquired a new stake in shares of Ciner Resources during the first quarter valued at $4,123,000. 9.29% of the stock is currently owned by institutional investors.
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Ciner Resources LP (CINR) traded up 2.9421% during mid-day trading on Wednesday, hitting $25.2414. The company had a trading volume of 11,360 shares. The company has a market cap of $508.08 million, a PE ratio of 12.6841 and a beta of 0.99. The company’s 50 day moving average price is $24.60 and its 200-day moving average price is $27.19. Ciner Resources LP has a one year low of $22.61 and a one year high of $32.50.
Ciner Resources (NYSE:CINR) last posted its quarterly earnings data on Monday, August 7th. The basic materials company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.12). The firm had revenue of $119.70 million during the quarter, compared to the consensus estimate of $129.20 million. Ciner Resources had a return on equity of 15.65% and a net margin of 8.18%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. Equities research analysts anticipate that Ciner Resources LP will post $1.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a $0.567 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 9.25%. This is a boost from Ciner Resources’s previous quarterly dividend of $0.56. The ex-dividend date was Thursday, August 3rd. Ciner Resources’s payout ratio is presently 114.07%.
A number of analysts recently commented on CINR shares. BidaskClub raised Ciner Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. ValuEngine lowered Ciner Resources from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Ciner Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $25.00 price objective (down previously from $29.00) on shares of Ciner Resources in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Ciner Resources has a consensus rating of “Hold” and an average target price of $28.75.
Ciner Resources 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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