Alta Capital Management buys $793,852 stake in MDU Resources Group Inc (MDU)

MDU Resources Group Inc (MDU) : Alta Capital Management scooped up 505 additional shares in MDU Resources Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 40,544 shares of MDU Resources Group Inc which is valued at $793,852.MDU Resources Group Inc makes up approximately 0.05% of Alta Capital Management’s portfolio.

MDU Resources Group Inc opened for trading at $19.76 and hit $20.1 on the upside on Wednesday, eventually ending the session at $19.91, with a gain of 1.01% or 0.2 points. The heightened volatility saw the trading volume jump to 6,90,718 shares. Company has a market cap of $3,888 M.

Other Hedge Funds, Including , Advocacy Wealth Management Services sold out all of its stake in MDU during the most recent quarter. The investment firm sold 150 shares of MDU which is valued $2,937. Santa Fe Partners added MDU to its portfolio by purchasing 13,236 company shares during the most recent quarter which is valued at $261,543. MDU Resources Group Inc makes up approx 0.04% of Santa Fe Partners’s portfolio. Proficio Capital Partners added MDU to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $483.

On the company’s financial health, MDU Resources Group Inc reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.27. The company had revenue of $1062.50 million for the quarter, compared to analysts expectations of $1139.90 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

MDU Resources Group Inc. is a natural resource company. The Company’s segments include electric natural gas distribution pipeline and energy services exploration and production construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone sand gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines gas pipelines fire suppression systems and external lighting and traffic signalization equipment.

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