Investment Centers Of America Inc Lowers stake in MDU Resources Group Inc (MDU)

MDU Resources Group Inc (MDU) : Investment Centers Of America Inc reduced its stake in MDU Resources Group Inc by 22.97% during the most recent quarter end. The investment management company now holds a total of 180,298 shares of MDU Resources Group Inc which is valued at $4,267,654 after selling 53,752 shares in MDU Resources Group Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.MDU Resources Group Inc makes up approximately 0.29% of Investment Centers Of America Inc’s portfolio.

Other Hedge Funds, Including , Tlp Group added MDU to its portfolio by purchasing 1,353 company shares during the most recent quarter which is valued at $32,026. MDU Resources Group Inc makes up approx 0.02% of Tlp Group’s portfolio.Weaver C. Barksdale Associates reduced its stake in MDU by selling 91 shares or 10.07% in the most recent quarter. The Hedge Fund company now holds 813 shares of MDU which is valued at $19,618. MDU Resources Group Inc makes up approx 0.03% of Weaver C. Barksdale Associates’s portfolio.

MDU Resources Group Inc opened for trading at $23.03 and hit $23.31 on the upside on Wednesday, eventually ending the session at $23.21, with a gain of 0.78% or 0.18 points. The heightened volatility saw the trading volume jump to 9,74,886 shares. Company has a market cap of $4,533 M.

On the company’s financial health, MDU Resources Group Inc reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.27. The company had revenue of $1062.50 million for the quarter, compared to analysts expectations of $1139.90 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

MDU Resources Group Inc. is a natural resource company. The Company’s segments include electric natural gas distribution pipeline and energy services exploration and production construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone sand gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines gas pipelines fire suppression systems and external lighting and traffic signalization equipment.

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