FutureFuel Corp. (FF) Shares Bought by California State Teachers Retirement System
California State Teachers Retirement System increased its position in shares of FutureFuel Corp. (NYSE:FF) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,329 shares of the company’s stock after buying an additional 657 shares during the period. California State Teachers Retirement System owned approximately 0.12% of FutureFuel Corp. worth $569,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arizona State Retirement System boosted its stake in FutureFuel Corp. by 2.7% in the first quarter. Arizona State Retirement System now owns 11,619 shares of the company’s stock worth $137,000 after buying an additional 300 shares during the last quarter. Smith Asset Management Group LP boosted its stake in shares of FutureFuel Corp. by 69.2% in the second quarter. Smith Asset Management Group LP now owns 21,280 shares of the company’s stock valued at $232,000 after buying an additional 8,700 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of FutureFuel Corp. during the first quarter valued at $148,000. BlackRock Fund Advisors boosted its stake in shares of FutureFuel Corp. by 0.9% in the first quarter. BlackRock Fund Advisors now owns 1,515,382 shares of the company’s stock valued at $17,866,000 after buying an additional 13,347 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of FutureFuel Corp. during the second quarter valued at $343,000. 38.53% of the stock is owned by institutional investors and hedge funds.
Shares of FutureFuel Corp. (NYSE:FF) traded down 0.68% during mid-day trading on Friday, reaching $11.61. 37,333 shares of the company’s stock traded hands. FutureFuel Corp. has a 12 month low of $9.77 and a 12 month high of $16.08. The firm has a 50 day moving average price of $11.33 and a 200-day moving average price of $11.20. The stock has a market cap of $507.60 million, a PE ratio of 8.56 and a beta of 1.31.
FutureFuel Corp. (NYSE:FF) last posted its earnings results on Tuesday, August 9th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The company earned $67.88 million during the quarter, compared to analysts’ expectations of $93.50 million. FutureFuel Corp. had a net margin of 23.21% and a return on equity of 15.02%. FutureFuel Corp.’s quarterly revenue was down 35.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS. On average, analysts predict that FutureFuel Corp. will post $1.00 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of FutureFuel Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th.
About FutureFuel Corp.
FutureFuel Corp. is engaged in the chemical and biofuels business. The FutureFuel Chemical Company, a subsidiary of Company, manufactures chemical products and bio-based products comprising biofuels and bio-based specialty chemical products. The Company operates in two segments: chemicals and biofuels.
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