M&T Bank Corp trimmed its holdings in Terra Nitrogen Company, L.P. (NYSE:TNH) by 13.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,994 shares of the basic materials company’s stock after selling 1,654 shares during the period. M&T Bank Corp owned about 0.06% of Terra Nitrogen Company, L.P. worth $944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TNH. Rational Advisors LLC acquired a new stake in shares of Terra Nitrogen Company, L.P. during the second quarter worth approximately $283,000. Global X Management Co. LLC raised its holdings in Terra Nitrogen Company, L.P. by 49.4% in the second quarter. Global X Management Co. LLC now owns 4,062 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 1,343 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in Terra Nitrogen Company, L.P. by 19.9% in the second quarter. Rafferty Asset Management LLC now owns 34,958 shares of the basic materials company’s stock valued at $3,001,000 after acquiring an additional 5,808 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Terra Nitrogen Company, L.P. by 5.5% in the second quarter. California Public Employees Retirement System now owns 9,600 shares of the basic materials company’s stock valued at $824,000 after acquiring an additional 500 shares in the last quarter. 3.44% of the stock is currently owned by institutional investors.

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Several brokerages have weighed in on TNH. ValuEngine raised shares of Terra Nitrogen Company, L.P. from a “sell” rating to a “hold” rating in a report on Monday, September 18th. BidaskClub lowered shares of Terra Nitrogen Company, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

Shares of Terra Nitrogen Company, L.P. (TNH) opened at 81.07 on Tuesday. The firm has a market cap of $1.51 billion, a PE ratio of 12.50 and a beta of 0.08. The firm’s 50-day moving average price is $79.18 and its 200 day moving average price is $85.87. Terra Nitrogen Company, L.P. has a 52 week low of $75.20 and a 52 week high of $115.86.

Terra Nitrogen Company, L.P. (NYSE:TNH) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $1.64 earnings per share for the quarter. Terra Nitrogen Company, L.P. had a return on equity of 43.15% and a net margin of 38.78%. The business had revenue of $96.10 million for the quarter.

About Terra Nitrogen Company, L.P.

Terra Nitrogen Company, L.P. (TNCLP) is a limited partnership that produces nitrogen fertilizer products. The Company’s principal products are anhydrous ammonia (ammonia) and urea ammonium nitrate solutions (UAN), which it manufactures at its facility in Verdigris, Oklahoma. Its nitrogen products are used primarily by farmers.

Institutional Ownership by Quarter for Terra Nitrogen Company, L.P. (NYSE:TNH)

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