Kayne Anderson Capital Advisors LP Buys Shares of 15,400 Ciner Resources LP (NYSE:CINR)

Kayne Anderson Capital Advisors LP bought a new position in Ciner Resources LP (NYSE:CINR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,400 shares of the basic materials company’s stock, valued at approximately $284,000. Kayne Anderson Capital Advisors LP owned approximately 0.08% of Ciner Resources as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CINR. Advisory Services Network LLC lifted its stake in shares of Ciner Resources by 90.5% in the 2nd quarter. Advisory Services Network LLC now owns 18,063 shares of the basic materials company’s stock valued at $350,000 after purchasing an additional 8,582 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Ciner Resources in the 2nd quarter valued at $289,000. Acadian Asset Management LLC lifted its stake in shares of Ciner Resources by 8.7% in the 2nd quarter. Acadian Asset Management LLC now owns 156,623 shares of the basic materials company’s stock valued at $3,037,000 after purchasing an additional 12,574 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Ciner Resources by 21.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 19,263 shares of the basic materials company’s stock valued at $360,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Ciner Resources by 1,820.7% in the 2nd quarter. Morgan Stanley now owns 736,042 shares of the basic materials company’s stock valued at $14,272,000 after purchasing an additional 697,720 shares during the last quarter. 11.25% of the stock is owned by institutional investors.

Separately, ValuEngine raised shares of Ciner Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.00.

Shares of CINR stock traded down $0.25 on Friday, hitting $18.79. The company’s stock had a trading volume of 19,055 shares, compared to its average volume of 25,494. The stock has a market capitalization of $385.29 million, a price-to-earnings ratio of 7.51 and a beta of 1.09. Ciner Resources LP has a fifty-two week low of $14.87 and a fifty-two week high of $25.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.98 and a quick ratio of 2.85. The firm’s fifty day moving average price is $17.73 and its 200-day moving average price is $18.02.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be issued a $0.34 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.36 annualized dividend and a yield of 7.24%.

About Ciner Resources

Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming.

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Institutional Ownership by Quarter for Ciner Resources (NYSE:CINR)

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