Ciner Resources LP (CINR) Stake Lowered by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in shares of Ciner Resources LP (NYSE:CINR) by 33.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,486 shares of the basic materials company’s stock after selling 13,656 shares during the period. Deutsche Bank AG’s holdings in Ciner Resources were worth $589,000 at the end of the most recent reporting period.

Separately, Advisory Services Network LLC increased its holdings in Ciner Resources by 12.4% in the 4th quarter. Advisory Services Network LLC now owns 3,865 shares of the basic materials company’s stock worth $83,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 10.38% of the company’s stock.

Shares of CINR opened at $19.27 on Monday. Ciner Resources LP has a fifty-two week low of $18.51 and a fifty-two week high of $28.44. The stock has a market capitalization of $380.35 million, a P/E ratio of 17.84 and a beta of 0.93. The company has a quick ratio of 1.85, a current ratio of 2.93 and a debt-to-equity ratio of 0.55.

Ciner Resources (NYSE:CINR) last posted its earnings results on Thursday, February 14th. The basic materials company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. The business had revenue of $132.20 million during the quarter, compared to analyst estimates of $132.00 million. Ciner Resources had a return on equity of 20.22% and a net margin of 10.51%.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend is Monday, May 20th. Ciner Resources’s payout ratio is presently 210.19%.

Separately, ValuEngine lowered Ciner Resources from a “hold” rating to a “sell” rating in a report on Friday, April 5th.

In related news, Director Michael E. Ducey bought 5,185 shares of Ciner Resources stock in a transaction on Thursday, May 16th. The stock was acquired at an average price of $19.33 per share, with a total value of $100,226.05. Following the acquisition, the director now directly owns 16,001 shares of the company’s stock, valued at $309,299.33. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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Ciner Resources Profile

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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