Tipp Hill Capital Management Exits Position in Rentech (RTK)

Rentech (RTK) : Tipp Hill Capital Management has sold out all of its stake in Rentech during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 41,500 shares of Rentech which is valued at $105,825.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in RTK by selling 1,100 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 34,300 shares of RTK which is valued at $87,465.Pekin Singer Strauss Asset Management Il boosted its stake in RTK in the latest quarter, The investment management firm added 241,001 additional shares and now holds a total of 706,192 shares of Rentech which is valued at $1,800,790. Rentech makes up approx 0.38% of Pekin Singer Strauss Asset Management Il’s portfolio. Lmr Partners Llp added RTK to its portfolio by purchasing 23,355 company shares during the most recent quarter which is valued at $59,789. Rentech makes up approx 0.01% of Lmr Partners Llp’s portfolio.Cutler Group Lp boosted its stake in RTK in the latest quarter, The investment management firm added 336,277 additional shares and now holds a total of 340,423 shares of Rentech which is valued at $912,334. Rentech makes up approx 0.06% of Cutler Group Lp’s portfolio. Benjamin F. Edwards Company sold out all of its stake in RTK during the most recent quarter. The investment firm sold 150 shares of RTK which is valued $402.

Rentech closed down -0.07 points or -2.65% at $2.57 with 67,491 shares getting traded on Monday. Post opening the session at $2.65, the shares hit an intraday low of $2.551 and an intraday high of $2.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Rentech reported $3.33 EPS for the quarter, beating the analyst consensus estimate by $ 3.49 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $-0.16. The company had revenue of $31.80 million for the quarter, compared to analysts expectations of $48.24 million. The company’s revenue was down -20.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.23 EPS.

Rentech Inc. is a provider of wood fiber processing services wood chips and wood pellets. The Company operates in five segments: East Dubuque which include the operations of the East Dubuque Facility and produces ammonia and UAN; Pasadena which include the operations of the Pasadena Facility and produces ammonium sulfate; Fulghum Fibres which involves the operations of Fulghum which provides wood yard operations services and wood fiber processing services sells wood chips to the pulp paper and packaging industry and owns and manages forestland and sells bark to industrial consumers in South America; Wood Pellets: Industrial this segment includes wood pellet plant projects the Atikokan and Wawa Projects which include wood pellet development the sale of third party produced pellets and management of wood pellet projects and activities and Wood Pellets: NEWP which involves the operations of NEWP which produces wood pellets for the residential and commercial markets.

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