Natural Resource Partners LP (NRP) Shares Down 2.2%
Natural Resource Partners LP (NYSE:NRP) fell 2.2% during trading on Tuesday . The stock traded as low as $26.43 and last traded at $27.02, with a volume of 60,321 shares changing hands. The stock had previously closed at $27.64.
Separately, Zacks Investment Research cut Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 10th.
The company’s 50 day moving average is $22.47 and its 200-day moving average is $15.71.
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Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings results on Thursday, August 4th. The company reported $3.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $3.53. The business had revenue of $70.15 million for the quarter, compared to the consensus estimate of $88.10 million. During the same period in the prior year, the business posted $0.28 earnings per share. Natural Resource Partners’s revenue was down 4.4% on a year-over-year basis. On average, equities research analysts expect that Natural Resource Partners LP will post $6.52 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC raised its stake in shares of Natural Resource Partners by 5,572.6% in the second quarter. Acrospire Investment Management LLC now owns 12,196 shares of the company’s stock worth $175,000 after buying an additional 11,981 shares during the period. Wedbush Securities Inc. purchased a new stake in shares of Natural Resource Partners during the second quarter worth $299,000. Capital Investment Advisors LLC raised its stake in shares of Natural Resource Partners by 4.6% in the second quarter. Capital Investment Advisors LLC now owns 20,872 shares of the company’s stock worth $300,000 after buying an additional 917 shares during the period. KCG Holdings Inc. raised its stake in shares of Natural Resource Partners by 51.6% in the second quarter. KCG Holdings Inc. now owns 24,222 shares of the company’s stock worth $348,000 after buying an additional 8,249 shares during the period. Finally, Centerbridge Partners L.P. purchased a new stake in shares of Natural Resource Partners during the second quarter worth $444,000.
About Natural Resource Partners
Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand and other natural resources. The Company’s Coal, Hard Mineral Royalty and Other segment consists primarily of coal royalty, coal related transportation and processing assets, aggregate and industrial minerals royalty assets and timber.
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