Advisory Services Network buys $303,904 stake in Ciner Resources LP (CINR)

Ciner Resources LP (CINR) : Advisory Services Network scooped up 5,981 additional shares in Ciner Resources LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 9,697 shares of Ciner Resources LP which is valued at $303,904.Ciner Resources LP makes up approximately 0.06% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management added CINR to its portfolio by purchasing 8,463 company shares during the most recent quarter which is valued at $262,945. Ciner Resources LP makes up approx 0.02% of Eqis Capital Management’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).

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