Mountain Lake Investment Management buys $9,870,000 stake in CF Industries Holdings (CF)

CF Industries Holdings (CF) : Mountain Lake Investment Management scooped up 250,000 additional shares in CF Industries Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 350,000 shares of CF Industries Holdings which is valued at $9,870,000.CF Industries Holdings makes up approximately 5.41% of Mountain Lake Investment Management’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in CF in the latest quarter, The investment management firm added 227 additional shares and now holds a total of 22,685 shares of CF Industries Holdings which is valued at $639,717. CF Industries Holdings makes up approx 0.02% of Advantus Capital Management Inc’s portfolio.Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in CF by selling 4,400 shares or 67.69% in the most recent quarter. The Hedge Fund company now holds 2,100 shares of CF which is valued at $56,973. CF Industries Holdings makes up approx 0.02% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.Emerald Acquisition Ltd. reduced its stake in CF by selling 383,651 shares or 92.76% in the most recent quarter. The Hedge Fund company now holds 29,930 shares of CF which is valued at $792,546.Ibm Retirement Fund reduced its stake in CF by selling 1,541 shares or 6.53% in the most recent quarter. The Hedge Fund company now holds 22,048 shares of CF which is valued at $563,326. CF Industries Holdings makes up approx 0.03% of Ibm Retirement Fund’s portfolio.Cornerstone Advisors reduced its stake in CF by selling 47 shares or 35.61% in the most recent quarter. The Hedge Fund company now holds 85 shares of CF which is valued at $2,123.

CF Industries Holdings opened for trading at $26.97 and hit $29.03 on the upside on Monday, eventually ending the session at $28.96, with a gain of 6.90% or 1.87 points. The heightened volatility saw the trading volume jump to 79,34,258 shares. Company has a market cap of $6,751 M.

On the company’s financial health, CF Industries Holdings reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $-0.01. The company had revenue of $680.00 million for the quarter, compared to analysts expectations of $785.26 million. The company’s revenue was down -26.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on CF Industries Holdings. Shares were Reiterated by Barclays on Aug 18, 2016 to “Overweight” and Lowered the Price Target to $ 25 from a previous price target of $31 .

CF Industries Holdings Inc. is the manufacturer and distributor of nitrogen fertilizer and other nitrogen products. The Company’s nitrogen fertilizer products include ammonia granular urea and urea ammonium nitrate solution (UAN). The Company’s other nitrogen products include ammonium nitrate (AN) diesel exhaust fluid (DEF) urea liquor and aqua ammonia. The Company’s customers include cooperatives independent fertilizer distributors and industrial users. It operates seven nitrogen fertilizer production facilities in North America. The Company owns four production facilities in the Central United States one in Medicine Hat Alberta Canada and one in Courtright Ontario Canada. It also has a 75.3% interest in Terra Nitrogen Company L.P. (TNCLP) and its subsidiary TNLP which owns a nitrogen fertilizer facility in Verdigris Oklahoma.

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