American Century Companies Inc. raised its holdings in FutureFuel Corp. (NYSE:FF – Free Report) by 15.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 660,326 shares of the energy company’s stock after purchasing an additional 88,575 shares during the period. American Century Companies Inc. owned 1.51% of FutureFuel worth $2,575,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of FF. D Orazio & Associates Inc. purchased a new position in shares of FutureFuel in the first quarter worth about $44,000. Price T Rowe Associates Inc. MD purchased a new position in FutureFuel during the fourth quarter valued at approximately $54,000. Wells Fargo & Company MN grew its stake in FutureFuel by 25.9% during the fourth quarter. Wells Fargo & Company MN now owns 16,225 shares of the energy company’s stock valued at $86,000 after acquiring an additional 3,337 shares in the last quarter. MetLife Investment Management LLC grew its stake in FutureFuel by 449.4% during the fourth quarter. MetLife Investment Management LLC now owns 16,455 shares of the energy company’s stock valued at $87,000 after acquiring an additional 13,460 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in FutureFuel by 15.9% during the first quarter. Cerity Partners LLC now owns 22,391 shares of the energy company’s stock valued at $87,000 after acquiring an additional 3,076 shares in the last quarter. Hedge funds and other institutional investors own 44.56% of the company’s stock.
FutureFuel Stock Down 1.6%
NYSE:FF opened at $3.88 on Monday. The company has a fifty day moving average of $3.97 and a 200 day moving average of $4.09. FutureFuel Corp. has a 52 week low of $3.58 and a 52 week high of $6.40. The firm has a market capitalization of $169.73 million, a P/E ratio of -6.35 and a beta of 0.62.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of FutureFuel from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.
View Our Latest Research Report on FutureFuel
About FutureFuel
FutureFuel Corp., together with its subsidiaries, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents.
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