Ciner Resources LP (CINR) : Strategic Income Management reduced its stake in Ciner Resources LP by 24.6% during the most recent quarter end. The investment management company now holds a total of 73,816 shares of Ciner Resources LP which is valued at $2,116,305 after selling 24,084 shares in Ciner Resources LP , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Ciner Resources LP makes up approximately 18.65% of Strategic Income Management’s portfolio.
Other Hedge Funds, Including , Geode Capital Management reduced its stake in CINR by selling 13,160 shares or 32.25% in the most recent quarter. The Hedge Fund company now holds 27,644 shares of CINR which is valued at $792,553.Atlantic Trust Group reduced its stake in CINR by selling 84,686 shares or 29.34% in the most recent quarter. The Hedge Fund company now holds 203,953 shares of CINR which is valued at $5,847,333. Ciner Resources LP makes up approx 0.04% of Atlantic Trust Group’s portfolio. Tower Research Capital (trc) added CINR to its portfolio by purchasing 407 company shares during the most recent quarter which is valued at $11,669.Acrospire Investment Management boosted its stake in CINR in the latest quarter, The investment management firm added 1,229 additional shares and now holds a total of 3,958 shares of Ciner Resources LP which is valued at $113,476. Ciner Resources LP makes up approx 0.08% of Acrospire Investment Management’s portfolio.Gsa Capital Partners Llp reduced its stake in CINR by selling 16,954 shares or 15.44% in the most recent quarter. The Hedge Fund company now holds 92,872 shares of CINR which is valued at $2,707,219. Ciner Resources LP makes up approx 0.14% of Gsa Capital Partners Llp’s portfolio.
On the company’s financial health, Ciner Resources LP reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.56. The company had revenue of $116.70 million for the quarter, compared to analysts expectations of $117.27 million. The company’s revenue was down -4.9 % compared to the same quarter last year.
Ciner Resources LP formerly OCI Resources LP (OCIR) owns a controlling 51.0% membership interest and operates the trona ore mining and soda ash production business of OCI Wyoming LLC (OCI Wyoming). OCI Wyoming is a producer of soda ash serving a global market from the Company’s 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. As at December 31 2014 the Company’s Green River Basin surface operations were situated on approximately 880 acres in Wyoming and its mining operations consisted of approximately 23500 acres of leased and licensed subsurface mining area. The Company primarily sells soda ash to American Natural Soda Ash Corporation (ANSAC).