2 days Ago By ABMN Staff
CF Industries Holdings, Inc. ( NYSE:CF – Get Free Report ) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 5,090,000 shares, a growth of 8.
5% from the November 30th total of 4,690,000 shares. Based on an average daily trading volume, of 1,700,000 shares, the days-to-cover ratio is presently 3.0 days.
Currently, 3.0% of the company’s shares are sold short. Insider Activity at CF Industries In other CF Industries news, EVP Susan L.
Menzel sold 2,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.
00. Following the completion of the sale, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. This trade represents a 2.
93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, VP Ashraf K.
Malik sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.
00. Following the transaction, the vice president now directly owns 22,211 shares in the company, valued at $2,016,314.58.
This trade represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold 22,701 shares of company stock worth $2,052,704 in the last three months. 0.42% of the stock is owned by insiders.
Institutional Inflows and Outflows Several hedge funds have recently modified their holdings of CF. Kingsview Wealth Management LLC purchased a new stake in CF Industries in the third quarter worth approximately $3,149,000. AMG National Trust Bank purchased a new position in shares of CF Industries in the 3rd quarter worth $887,000.
Quantinno Capital Management LP grew its holdings in shares of CF Industries by 118.7% in the third quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock worth $1,372,000 after acquiring an additional 8,679 shares during the period.
Swedbank AB increased its position in CF Industries by 3.8% during the third quarter. Swedbank AB now owns 271,198 shares of the basic materials company’s stock valued at $23,269,000 after acquiring an additional 9,815 shares during the last quarter.
Finally, Entropy Technologies LP lifted its holdings in CF Industries by 104.1% in the third quarter. Entropy Technologies LP now owns 31,111 shares of the basic materials company’s stock valued at $2,669,000 after acquiring an additional 15,866 shares during the period.
Hedge funds and other institutional investors own 93.06% of the company’s stock. CF Industries Stock Performance CF Industries ( NYSE:CF – Get Free Report ) last posted its quarterly earnings results on Wednesday, October 30th.
The basic materials company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.
50. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.
28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.
57%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis.
During the same quarter in the prior year, the company posted $0.85 earnings per share. Sell-side analysts expect that CF Industries will post 6.
32 EPS for the current fiscal year. Wall Street Analyst Weigh In CF has been the topic of several research analyst reports. Piper Sandler boosted their price target on shares of CF Industries from $77.
00 to $79.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Barclays upped their target price on CF Industries from $90.
00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Royal Bank of Canada raised their target price on CF Industries from $95.
00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Oppenheimer assumed coverage on CF Industries in a research note on Thursday, December 12th.
They issued an “outperform” rating and a $114.00 price target on the stock. Finally, Bank of America lowered CF Industries from a “neutral” rating to an “underperform” rating and set a $83.
00 price objective for the company. in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company.
According to data from MarketBeat, CF Industries has a consensus rating of “Hold” and an average target price of $90.38. Read Our Latest Stock Report on CF Industries About CF Industries ( Get Free Report ) CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally.
It operates through Ammonia, Granular Urea, UAN, AN, and Other segments. See Also Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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