California Public Employees Retirement System Has $2.41 Million Position in Intrepid Potash, Inc. (IPI)

California Public Employees Retirement System lessened its position in shares of Intrepid Potash, Inc. (NYSE:IPI) by 23.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 552,955 shares of the basic materials company’s stock after selling 171,345 shares during the period. California Public Employees Retirement System’s holdings in Intrepid Potash were worth $2,411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Intrepid Potash by 30.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,255,979 shares of the basic materials company’s stock worth $9,619,000 after acquiring an additional 994,554 shares during the period. Dimensional Fund Advisors LP increased its holdings in Intrepid Potash by 82.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,181,060 shares of the basic materials company’s stock worth $13,870,000 after acquiring an additional 1,435,178 shares during the period. State Street Corp increased its holdings in Intrepid Potash by 3,191.0% during the 2nd quarter. State Street Corp now owns 1,144,560 shares of the basic materials company’s stock worth $2,590,000 after acquiring an additional 1,109,782 shares during the period. Northern Trust Corp increased its holdings in Intrepid Potash by 540.0% during the 2nd quarter. Northern Trust Corp now owns 1,091,221 shares of the basic materials company’s stock worth $2,466,000 after acquiring an additional 920,720 shares during the period. Finally, Old West Investment Management LLC increased its holdings in Intrepid Potash by 18.5% during the 3rd quarter. Old West Investment Management LLC now owns 1,012,459 shares of the basic materials company’s stock worth $4,414,000 after acquiring an additional 158,256 shares during the period. 47.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of Intrepid Potash, Inc. (NYSE IPI) opened at $4.16 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 4.71. The firm has a market cap of $530.93, a P/E ratio of -9.24 and a beta of 1.12. Intrepid Potash, Inc. has a twelve month low of $1.24 and a twelve month high of $5.12.

Intrepid Potash (NYSE:IPI) last released its quarterly earnings results on Monday, October 30th. The basic materials company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. Intrepid Potash had a negative net margin of 22.88% and a negative return on equity of 8.09%. The business had revenue of $32.06 million during the quarter, compared to analysts’ expectations of $33.15 million. During the same quarter in the previous year, the company earned ($0.22) EPS. The business’s quarterly revenue was down 26.5% compared to the same quarter last year. analysts forecast that Intrepid Potash, Inc. will post -0.15 earnings per share for the current fiscal year.

In related news, insider Robert P. Jornayvaz III purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was acquired at an average price of $3.85 per share, with a total value of $38,500.00. Following the purchase, the insider now directly owns 1,206,650 shares in the company, valued at $4,645,602.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James N. Whyte sold 86,796 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $3.84, for a total transaction of $333,296.64. Following the completion of the transaction, the executive vice president now directly owns 360,903 shares of the company’s stock, valued at approximately $1,385,867.52. The disclosure for this sale can be found here. In the last three months, insiders acquired 25,100 shares of company stock valued at $93,003. Corporate insiders own 27.30% of the company’s stock.

A number of analysts recently weighed in on IPI shares. Stephens started coverage on shares of Intrepid Potash in a report on Monday, December 4th. They set an “equal weight” rating and a $4.00 target price on the stock. BMO Capital Markets upped their target price on shares of Intrepid Potash from $3.00 to $4.00 and gave the stock a “market perform” rating in a report on Tuesday, October 31st. Finally, Cowen reaffirmed a “sell” rating and set a $3.50 target price on shares of Intrepid Potash in a report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $3.55.

TRADEMARK VIOLATION WARNING: “California Public Employees Retirement System Has $2.41 Million Position in Intrepid Potash, Inc. (IPI)” was published by BBNS and is owned by of BBNS. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://baseballnewssource.com/markets/california-public-employees-retirement-system-has-2-41-million-position-in-intrepid-potash-inc-ipi/1843660.html.

About Intrepid Potash

Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.

Want to see what other hedge funds are holding IPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intrepid Potash, Inc. (NYSE:IPI).

Institutional Ownership by Quarter for Intrepid Potash (NYSE:IPI)

Receive News & Ratings for Intrepid Potash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intrepid Potash and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Red Sox: J.D. Martinez Continues His Physical at Spring Training Facility
Red Sox: J.D. Martinez Continues His Physical at Spring Training Facility
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish


Leave a Reply

 
© 2006-2018 BBNS.