Brant Point Investment Management buys $11,617,749 stake in Minerals Technologies Inc (MTX)

Minerals Technologies Inc (MTX) : Brant Point Investment Management scooped up 31,500 additional shares in Minerals Technologies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 168,300 shares of Minerals Technologies Inc which is valued at $11,617,749.Minerals Technologies Inc makes up approximately 2.09% of Brant Point Investment Management’s portfolio.

Other Hedge Funds, Including , Paradigm Asset Management Co added MTX to its portfolio by purchasing 1,700 company shares during the most recent quarter which is valued at $117,351. Minerals Technologies Inc makes up approx 0.02% of Paradigm Asset Management Co’s portfolio.Bessemer Group Inc boosted its stake in MTX in the latest quarter, The investment management firm added 1,014 additional shares and now holds a total of 2,027 shares of Minerals Technologies Inc which is valued at $139,924.Rothschild Asset Management Inc boosted its stake in MTX in the latest quarter, The investment management firm added 6,228 additional shares and now holds a total of 177,761 shares of Minerals Technologies Inc which is valued at $11,718,005. Minerals Technologies Inc makes up approx 0.21% of Rothschild Asset Management Inc’s portfolio.Tocqueville Asset Management reduced its stake in MTX by selling 112,658 shares or 20.74% in the most recent quarter. The Hedge Fund company now holds 430,541 shares of MTX which is valued at $28,097,106. Minerals Technologies Inc makes up approx 0.35% of Tocqueville Asset Management’s portfolio.Louisiana State Employees Retirement System reduced its stake in MTX by selling 400 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 9,300 shares of MTX which is valued at $605,709. Minerals Technologies Inc makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.

Minerals Technologies Inc opened for trading at $70.74 and hit $72.19 on the upside on Monday, eventually ending the session at $72.02, with a gain of 1.82% or 1.29 points. The heightened volatility saw the trading volume jump to 1,48,372 shares. Company has a market cap of $2,509 M.

On the company’s financial health, Minerals Technologies Inc reported $1.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.16. The company had revenue of $427.00 million for the quarter, compared to analysts expectations of $437.23 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.

Minerals Technologies Inc. is a resource-based and technology-based company that develops produces and markets a range of specialty mineral mineral-based and synthetic mineral products and supporting systems and services. The Company operates through five segments: Specialty Minerals which produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime); Refractories which produces and markets monolithic and shaped refractory materials and specialty products; Performance Materials which includes the supply of bentonite and bentonite-related products; Construction Technologies which provides products for non-residential construction environmental and infrastructure projects and Energy Services which offers a range of technologies products and services for all phases of oil and gas production refining and storage.

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