Moon Capital Management Lowers stake in CF Industries Holdings (CF)

CF Industries Holdings (CF) : Moon Capital Management reduced its stake in CF Industries Holdings by 0.62% during the most recent quarter end. The investment management company now holds a total of 91,542 shares of CF Industries Holdings which is valued at $2,840,548 after selling 573 shares in CF Industries Holdings , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.CF Industries Holdings makes up approximately 3.59% of Moon Capital Management’s portfolio.

CF Industries Holdings opened for trading at $30.65 and hit $31.65 on the upside on Monday, eventually ending the session at $31.37, with a gain of 1.10% or 0.34 points. The heightened volatility saw the trading volume jump to 25,10,164 shares. Company has a market cap of $7,312 M.

Other Hedge Funds, Including , Kanaly Trust Co boosted its stake in CF in the latest quarter, The investment management firm added 233 additional shares and now holds a total of 425 shares of CF Industries Holdings which is valued at $13,188. Breton Hill Capital Ltd. sold out all of its stake in CF during the most recent quarter. The investment firm sold 3,380 shares of CF which is valued $104,881.Creative Planning reduced its stake in CF by selling 1,741 shares or 45.7% in the most recent quarter. The Hedge Fund company now holds 2,069 shares of CF which is valued at $62,380.

On the company’s financial health, CF Industries Holdings reported $0.76 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Feb 17, 2016. Analyst had a consensus of $0.86. The company had revenue of $1115.80 million for the quarter, compared to analysts expectations of $1091.34 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.82 EPS.

Many Wall Street Analysts have commented on CF Industries Holdings. CF Industries Holdings was Downgraded by BofA/Merrill to ” Neutral” on Apr 6, 2016. Shares were Downgraded by Piper Jaffray on Mar 28, 2016 to ” Neutral” and Lowered the Price Target to $ 34 from a previous price target of $40 .Shares were Reiterated by Barclays on Feb 22, 2016 to “Overweight” and Lowered the Price Target to $ 43 from a previous price target of $47 .

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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