Morgan Stanley Has $27.82 Million Position in Natural Resource Partners LP (NYSE:NRP)

Morgan Stanley reduced its stake in shares of Natural Resource Partners LP (NYSE:NRP) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 784,638 shares of the energy company’s stock after selling 16,269 shares during the quarter. Morgan Stanley owned about 0.06% of Natural Resource Partners worth $27,823,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP acquired a new stake in shares of Natural Resource Partners during the second quarter worth approximately $415,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Natural Resource Partners during the second quarter worth approximately $585,000. Russell Investments Group Ltd. boosted its holdings in shares of Natural Resource Partners by 14.2% during the second quarter. Russell Investments Group Ltd. now owns 16,866 shares of the energy company’s stock worth $598,000 after purchasing an additional 2,100 shares during the period. Bank of Montreal Can boosted its holdings in shares of Natural Resource Partners by 23.5% during the second quarter. Bank of Montreal Can now owns 26,916 shares of the energy company’s stock worth $954,000 after purchasing an additional 5,126 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Natural Resource Partners by 2.3% during the second quarter. Van ECK Associates Corp now owns 29,252 shares of the energy company’s stock worth $1,037,000 after purchasing an additional 650 shares during the period. Institutional investors and hedge funds own 38.23% of the company’s stock.

NYSE NRP opened at $26.25 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $315.85 million, a PE ratio of 4.45 and a beta of -0.04. The company has a 50 day moving average price of $26.85 and a two-hundred day moving average price of $35.07. Natural Resource Partners LP has a 12-month low of $25.00 and a 12-month high of $44.71.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Thursday, August 8th. The energy company reported $2.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $1.32. The firm had revenue of $81.47 million during the quarter, compared to analysts’ expectations of $61.50 million. Natural Resource Partners had a net margin of 37.57% and a return on equity of 31.85%. As a group, equities analysts anticipate that Natural Resource Partners LP will post 6.85 EPS for the current year.

Separately, ValuEngine upgraded shares of Natural Resource Partners from a “sell” rating to a “hold” rating in a report on Wednesday.

Natural Resource Partners Profile

Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through two segments, Coal Royalty and Other, and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; aggregates and industrial minerals are located in the United States; oil and gas royalty assets located in Louisiana; and trona ore mining operation and soda ash refinery located in the Green River Basin, Wyoming.

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Institutional Ownership by Quarter for Natural Resource Partners (NYSE:NRP)

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