Aviva PLC Acquires New Position in Intrepid Potash, Inc. (NYSE:IPI)

Aviva PLC acquired a new stake in shares of Intrepid Potash, Inc. (NYSE:IPI – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 30,575 shares of the basic materials company’s stock, valued at approximately $883,000. Aviva PLC owned about 0.23% of Intrepid Potash as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of IPI. Raymond James Financial Services Advisors Inc. purchased a new stake in Intrepid Potash during the 1st quarter valued at about $1,172,000. American Century Companies Inc. boosted its holdings in shares of Intrepid Potash by 67.1% during the 1st quarter. American Century Companies Inc. now owns 25,581 shares of the basic materials company’s stock valued at $2,101,000 after acquiring an additional 10,276 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Intrepid Potash during the 1st quarter valued at about $604,000. MetLife Investment Management LLC boosted its holdings in shares of Intrepid Potash by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 5,611 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 2,037 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Intrepid Potash by 26.2% during the 1st quarter. Panagora Asset Management Inc. now owns 7,022 shares of the basic materials company’s stock valued at $577,000 after acquiring an additional 1,459 shares during the last quarter. 55.35% of the stock is owned by hedge funds and other institutional investors.

Intrepid Potash Trading Down 0.5 %

IPI opened at $19.57 on Monday. The company has a market cap of $257.54 million, a price-to-earnings ratio of 5.82 and a beta of 2.01. The company’s 50 day moving average is $25.01 and its 200 day moving average is $29.83. Intrepid Potash, Inc. has a 12-month low of $18.26 and a 12-month high of $69.53.

Intrepid Potash (NYSE:IPI – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.12). The business had revenue of $86.92 million during the quarter, compared to analysts’ expectations of $66.99 million. Intrepid Potash had a return on equity of 7.43% and a net margin of 14.15%. During the same period in the previous year, the business posted $2.32 EPS. As a group, analysts predict that Intrepid Potash, Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IPI. StockNews.com began coverage on shares of Intrepid Potash in a report on Thursday. They set a “sell” rating on the stock. BMO Capital Markets dropped their price target on shares of Intrepid Potash from $35.00 to $25.00 in a report on Friday, May 5th.

Intrepid Potash Profile

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Intrepid Potash, Inc is a diversified mineral company, which engages in the delivery of potassium, magnesium, sulfur, salt, and water products essential for customer success in agriculture, animal feed, and the oil and gas industry. It operates through the following segments: Potash, Trio, and Oilfield Solutions.