Minerals Technologies Inc (MTX) : New Amsterdam Partnersny added new position in Minerals Technologies Inc during the most recent quarter end. The investment management firm now holds 356,950 shares of Minerals Technologies Inc which is valued at $20.5 Million , the company said in a statement filed on May 11, 2016 with the SEC.Minerals Technologies Inc makes up approximately 2.27% of New Amsterdam Partnersny’s portfolio.
Other Hedge Funds, Including , Comerica Bank reduced its stake in MTX by selling 743 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 23,300 shares of MTX which is valued at $1.3 Million. Minerals Technologies Inc makes up approx 0.01% of Comerica Bank’s portfolio.Schroder Investment Management Group reduced its stake in MTX by selling 349,100 shares or 49.35% in the most recent quarter. The Hedge Fund company now holds 358,333 shares of MTX which is valued at $20.6 Million. Minerals Technologies Inc makes up approx 0.04% of Schroder Investment Management Group’s portfolio.Tocqueville Asset Management reduced its stake in MTX by selling 148,073 shares or 21.42% in the most recent quarter. The Hedge Fund company now holds 543,199 shares of MTX which is valued at $32.5 Million. Minerals Technologies Inc makes up approx 0.42% of Tocqueville Asset Management’s portfolio. Huntington National Bank added MTX to its portfolio by purchasing 2,283 company shares during the most recent quarter which is valued at $136,752.
Minerals Technologies Inc opened for trading at $57.92 and hit $58.6 on the upside on Monday, eventually ending the session at $57.9, with a gain of 0.77% or 0.44 points. The heightened volatility saw the trading volume jump to 2,18,673 shares. Company has a market cap of $2,016 M.
On the company’s financial health, Minerals Technologies Inc reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.97. The company had revenue of $410.20 million for the quarter, compared to analysts expectations of $418.87 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.07 EPS.
Many Wall Street Analysts have commented on Minerals Technologies Inc. Wedbush Downgraded Minerals Technologies Inc on May 12, 2016 to ” Neutral”, Price Target of the shares are set at $62.
Minerals Technologies Inc. is a resource-based and technology-based company that develops produces and markets a range of specialty mineral mineral-based and synthetic mineral products and supporting systems and services. The Company operates through five segments: Specialty Minerals which produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime); Refractories which produces and markets monolithic and shaped refractory materials and specialty products; Performance Materials which includes the supply of bentonite and bentonite-related products; Construction Technologies which provides products for non-residential construction environmental and infrastructure projects and Energy Services which offers a range of technologies products and services for all phases of oil and gas production refining and storage.