Glendon Capital Management Lp buys $52,379,894 stake in CF Industries Holdings (CF)

CF Industries Holdings (CF) : Glendon Capital Management Lp scooped up 1,522,611 additional shares in CF Industries Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 2,136,211 shares of CF Industries Holdings which is valued at $52,379,894.CF Industries Holdings makes up approximately 20.54% of Glendon Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Welch Forbes reduced its stake in CF by selling 6,974 shares or 3.42% in the most recent quarter. The Hedge Fund company now holds 196,822 shares of CF which is valued at $4,826,075. CF Industries Holdings makes up approx 0.14% of Welch Forbes’s portfolio. Proficio Capital Partners sold out all of its stake in CF during the most recent quarter. The investment firm sold 60 shares of CF which is valued $1,481.Shell Asset Management Co boosted its stake in CF in the latest quarter, The investment management firm added 10,498 additional shares and now holds a total of 21,481 shares of CF Industries Holdings which is valued at $545,832. CF Industries Holdings makes up approx 0.01% of Shell Asset Management Co’s portfolio.New York State Teachers Retirement System reduced its stake in CF by selling 54,194 shares or 11.32% in the most recent quarter. The Hedge Fund company now holds 424,366 shares of CF which is valued at $10,685,536. CF Industries Holdings makes up approx 0.03% of New York State Teachers Retirement System’s portfolio.

CF Industries Holdings opened for trading at $22.24 and hit $23.28 on the upside on Monday, eventually ending the session at $23.19, with a gain of 4.98% or 1.1 points. The heightened volatility saw the trading volume jump to 64,05,801 shares. Company has a market cap of $5,406 M.

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.

Investors should note that on Jul 22, 2016, CF Industries Holdings announced a cash dividend of $0.3000. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Aug 31, 2016.

Many Wall Street Analysts have commented on CF Industries Holdings. Shares were Reiterated by RBC Capital Mkts on Jul 13, 2016 to “Sector Perform” and Lowered the Price Target to $ 26 from a previous price target of $30 .CF Industries Holdings was Upgraded by Credit Agricole to ” Buy” on Jun 6, 2016. Goldman Resumed CF Industries Holdings on Jun 3, 2016 to “Neutral”, Price Target of the shares are set at $30.

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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