Columbus Hill Capital Management L.P. Boosts Position in CF Industries Holdings, Inc. (CF)
Columbus Hill Capital Management L.P. boosted its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 18.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,355,964 shares of the basic materials company’s stock after acquiring an additional 359,053 shares during the quarter. CF Industries Holdings accounts for 6.6% of Columbus Hill Capital Management L.P.’s portfolio, making the stock its 2nd biggest holding. Columbus Hill Capital Management L.P. owned 1.01% of CF Industries Holdings worth $65,873,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in CF Industries Holdings by 3,912.4% in the first quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock worth $587,999,000 after buying an additional 19,534,765 shares in the last quarter. FMR LLC increased its position in CF Industries Holdings by 12.1% in the first quarter. FMR LLC now owns 23,826,054 shares of the basic materials company’s stock worth $699,295,000 after buying an additional 2,577,455 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in CF Industries Holdings in the second quarter worth about $35,108,000. Thrivent Financial For Lutherans increased its position in CF Industries Holdings by 12,161.3% in the second quarter. Thrivent Financial For Lutherans now owns 1,050,790 shares of the basic materials company’s stock worth $29,380,000 after buying an additional 1,042,220 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in CF Industries Holdings by 1,077.6% in the first quarter. Victory Capital Management Inc. now owns 994,693 shares of the basic materials company’s stock worth $29,194,000 after buying an additional 910,226 shares in the last quarter.
In related news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.53, for a total value of $201,792.00. Following the completion of the transaction, the vice president now owns 59,732 shares in the company, valued at approximately $1,883,349.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.
A number of analysts have commented on CF shares. BidaskClub cut CF Industries Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reduced their price target on CF Industries Holdings from $25.00 to $23.00 and set an “underperform” rating for the company in a research report on Friday, July 14th. Barclays PLC restated an “equal weight” rating and issued a $31.00 price target (down previously from $32.00) on shares of CF Industries Holdings in a research report on Sunday, May 28th. BMO Capital Markets set a $35.00 price target on CF Industries Holdings and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Finally, ValuEngine cut CF Industries Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.23.
CF Industries Holdings, Inc. (NYSE:CF) traded down 2.03% during mid-day trading on Friday, hitting $35.23. The company had a trading volume of 3,144,631 shares. The company has a 50-day moving average price of $30.68 and a 200 day moving average price of $28.91. The firm’s market capitalization is $8.22 billion. CF Industries Holdings, Inc. has a 12 month low of $22.00 and a 12 month high of $37.17.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business earned $0.33 EPS. CF Industries Holdings’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts forecast that CF Industries Holdings, Inc. will post ($0.69) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. CF Industries Holdings’s dividend payout ratio is presently -75.47%.
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CF Industries Holdings Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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