Trishield Capital Management Exits Position in Rentech (RTK)

Rentech (RTK) : Trishield Capital Management has sold out all of its stake in Rentech during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 249,709 shares of Rentech which is valued at $791,578.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc sold out all of its stake in RTK during the most recent quarter. The investment firm sold 86,115 shares of RTK which is valued $272,985.Geode Capital Management reduced its stake in RTK by selling 24,220 shares or 16.03% in the most recent quarter. The Hedge Fund company now holds 126,831 shares of RTK which is valued at $402,054.Renaissance Technologies boosted its stake in RTK in the latest quarter, The investment management firm added 12,836 additional shares and now holds a total of 791,510 shares of Rentech which is valued at $2,509,087.Kennedy Capital Management reduced its stake in RTK by selling 15,616 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 1,128,747 shares of RTK which is valued at $3,578,128. Rentech makes up approx 0.07% of Kennedy Capital Management’s portfolio.Dimensional Fund Advisors Lp reduced its stake in RTK by selling 51,164 shares or 38.22% in the most recent quarter. The Hedge Fund company now holds 82,711 shares of RTK which is valued at $212,567.

Rentech closed down -0.01 points or -0.28% at $3.6 with 1,13,508 shares getting traded on Thursday. Post opening the session at $3.59, the shares hit an intraday low of $3.49 and an intraday high of $3.66 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Rentech reported $3.33 EPS for the quarter, beating the analyst consensus estimate by $ 3.49 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $-0.16. The company had revenue of $31.80 million for the quarter, compared to analysts expectations of $48.24 million. The company’s revenue was down -20.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.23 EPS.

Rentech Inc. is a provider of wood fiber processing services wood chips and wood pellets. The Company operates in five segments: East Dubuque which include the operations of the East Dubuque Facility and produces ammonia and UAN; Pasadena which include the operations of the Pasadena Facility and produces ammonium sulfate; Fulghum Fibres which involves the operations of Fulghum which provides wood yard operations services and wood fiber processing services sells wood chips to the pulp paper and packaging industry and owns and manages forestland and sells bark to industrial consumers in South America; Wood Pellets: Industrial this segment includes wood pellet plant projects the Atikokan and Wawa Projects which include wood pellet development the sale of third party produced pellets and management of wood pellet projects and activities and Wood Pellets: NEWP which involves the operations of NEWP which produces wood pellets for the residential and commercial markets.

Leave a Reply

Rentech - Is it time to Sell?

Top Brokerage Firms are advising their investors on Rentech. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.