Assenagon Asset Management S.A. Sells 76,172 Shares of CF Industries Holdings, Inc. (NYSE:CF)

Assenagon Asset Management S.A. cut its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 89.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,661 shares of the basic materials company’s stock after selling 76,172 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CF Industries were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CF. FNY Investment Advisers LLC acquired a new position in CF Industries in the 4th quarter valued at $119,000. Brookstone Capital Management bought a new position in shares of CF Industries in the fourth quarter worth $374,000. City Center Advisors LLC increased its position in shares of CF Industries by 9.1% in the fourth quarter. City Center Advisors LLC now owns 5,086 shares of the basic materials company’s stock worth $434,000 after purchasing an additional 426 shares during the period. Czech National Bank lifted its position in CF Industries by 2.7% during the fourth quarter. Czech National Bank now owns 37,731 shares of the basic materials company’s stock worth $3,219,000 after purchasing an additional 980 shares during the period. Finally, Graypoint LLC acquired a new stake in CF Industries during the fourth quarter worth about $201,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Stock Down 7.5 %

NYSE:CF opened at $88.07 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $98.25. The firm’s 50 day simple moving average is $89.19 and its 200 day simple moving average is $83.61. The company has a market cap of $15.33 billion, a PE ratio of 13.93, a P/E/G ratio of 0.71 and a beta of 0.98.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $0.85 earnings per share. CF Industries’s quarterly revenue was up 7.6% on a year-over-year basis. On average, research analysts anticipate that CF Industries Holdings, Inc. will post 6.37 earnings per share for the current year.

Insider Transactions at CF Industries

In related news, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the transaction, the executive vice president now owns 103,155 shares in the company, valued at $9,077,640. The trade was a 2.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the sale, the executive vice president now owns 62,768 shares of the company’s stock, valued at $5,828,636.48. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,389 shares of company stock worth $2,355,425. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CF shares. Mizuho boosted their target price on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Royal Bank of Canada cut CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price for the company. in a research note on Tuesday. Redburn Atlantic began coverage on CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 price target on the stock. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $82.00 to $75.00 in a research report on Friday. Finally, Barclays cut CF Industries from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $96.00 to $100.00 in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $91.43.

CF Industries Profile

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.