D. E. Shaw & Co. Inc. lifted its stake in FutureFuel Corp. (NYSE:FF) by 14.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,845 shares of the energy company’s stock after purchasing an additional 2,747 shares during the period. D. E. Shaw & Co. Inc.’s holdings in FutureFuel were worth $255,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Morgan Stanley boosted its position in shares of FutureFuel by 1,104.6% in the 2nd quarter. Morgan Stanley now owns 118,687 shares of the energy company’s stock worth $1,387,000 after purchasing an additional 108,834 shares during the last quarter. Alberta Investment Management Corp boosted its position in shares of FutureFuel by 28.6% in the 2nd quarter. Alberta Investment Management Corp now owns 49,900 shares of the energy company’s stock worth $583,000 after purchasing an additional 11,100 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of FutureFuel by 26.7% in the 2nd quarter. AQR Capital Management LLC now owns 108,160 shares of the energy company’s stock worth $1,264,000 after purchasing an additional 22,761 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of FutureFuel in the 2nd quarter worth $135,000. Finally, Invesco Ltd. lifted its holdings in FutureFuel by 88.2% during the second quarter. Invesco Ltd. now owns 136,218 shares of the energy company’s stock worth $1,593,000 after acquiring an additional 63,846 shares in the last quarter. Institutional investors and hedge funds own 49.03% of the company’s stock.
FF stock opened at $11.70 on Friday. The business’s 50-day moving average price is $11.32 and its two-hundred day moving average price is $11.94. The firm has a market cap of $497.36 million, a PE ratio of 24.19 and a beta of 2.00. FutureFuel Corp. has a 1-year low of $10.17 and a 1-year high of $19.31.
Separately, HC Wainwright reiterated a “buy” rating and set a $1.70 target price on shares of FutureFuel in a report on Monday, August 19th.
FutureFuel Corp., through its subsidiaries, manufactures and sells diversified chemical products, bio-based products, and bio-based specialty chemical products in the United States. It operates in two segments, Chemicals and Biofuels. The Chemicals segment manufactures and sells custom chemicals, including agrochemicals and intermediates, laundry detergent additives, biocides intermediates, specialty polymers, dyes, stabilizers, and chemicals intermediates; and chemicals used in consumer products consisting of cosmetics and personal care products, specialty polymers, and specialty products used in the fuels industry.
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