Prospera Financial Services Inc Increases Position in Intrepid Potash, Inc. (NYSE:IPI)

Prospera Financial Services Inc grew its holdings in Intrepid Potash, Inc. (NYSE:IPIGet Rating) by 1,143.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,554 shares of the basic materials company’s stock after buying an additional 1,429 shares during the period. Prospera Financial Services Inc’s holdings in Intrepid Potash were worth $70,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Intrepid Potash by 92.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 866 shares of the basic materials company’s stock valued at $71,000 after buying an additional 416 shares during the last quarter. ClariVest Asset Management LLC purchased a new position in Intrepid Potash during the first quarter worth about $460,000. Ellevest Inc. raised its holdings in Intrepid Potash by 371.4% during the second quarter. Ellevest Inc. now owns 1,584 shares of the basic materials company’s stock worth $72,000 after purchasing an additional 1,248 shares in the last quarter. Radnor Capital Management LLC raised its holdings in Intrepid Potash by 4.6% during the second quarter. Radnor Capital Management LLC now owns 6,835 shares of the basic materials company’s stock worth $310,000 after purchasing an additional 300 shares in the last quarter. Finally, Sittner & Nelson LLC raised its holdings in Intrepid Potash by 100.0% during the first quarter. Sittner & Nelson LLC now owns 600 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 300 shares in the last quarter. 56.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IPI shares. BMO Capital Markets cut their price target on shares of Intrepid Potash from $45.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, November 4th. StockNews.com initiated coverage on shares of Intrepid Potash in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Intrepid Potash Price Performance

IPI stock opened at $38.41 on Wednesday. The company’s 50 day simple moving average is $41.40 and its 200-day simple moving average is $48.36. The firm has a market capitalization of $518.11 million, a PE ratio of 1.77 and a beta of 1.99. Intrepid Potash, Inc. has a 12 month low of $32.90 and a 12 month high of $121.72.

About Intrepid Potash

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Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.

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

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