Intrepid Potash, Inc. (NYSE:IPI) Shares Purchased by Barclays PLC

Barclays PLC grew its holdings in shares of Intrepid Potash, Inc. (NYSE:IPI) by 282.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,350 shares of the basic materials company’s stock after acquiring an additional 10,599 shares during the period. Barclays PLC owned about 0.11% of Intrepid Potash worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Intrepid Potash in the third quarter valued at $142,000. Quest Partners LLC raised its stake in Intrepid Potash by 24,863.2% during the third quarter. Quest Partners LLC now owns 9,486 shares of the basic materials company’s stock valued at $228,000 after buying an additional 9,448 shares in the last quarter. Squarepoint Ops LLC bought a new position in Intrepid Potash during the 2nd quarter worth approximately $303,000. Rhumbline Advisers lifted its holdings in Intrepid Potash by 5.0% during the 2nd quarter. Rhumbline Advisers now owns 17,997 shares of the basic materials company’s stock worth $422,000 after buying an additional 861 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Intrepid Potash in the 3rd quarter worth approximately $602,000. 56.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group raised their price objective on Intrepid Potash from $18.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Intrepid Potash from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th.

Intrepid Potash Stock Up 4.3 %

Shares of Intrepid Potash stock opened at $22.63 on Friday. The business has a fifty day simple moving average of $25.42 and a 200-day simple moving average of $24.38. Intrepid Potash, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $29.75. The firm has a market cap of $297.88 million, a price-to-earnings ratio of -6.76 and a beta of 2.21.

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.25). The business had revenue of $57.55 million during the quarter, compared to analyst estimates of $42.57 million. Intrepid Potash had a negative net margin of 16.86% and a negative return on equity of 1.32%. During the same period in the previous year, the company posted ($0.53) earnings per share. Analysts anticipate that Intrepid Potash, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Robert P. Jornayvaz III sold 3,557 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $25.00, for a total transaction of $88,925.00. Following the sale, the insider now owns 129,230 shares in the company, valued at $3,230,750. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 401,097 shares of company stock worth $10,189,635 in the last three months. 18.00% of the stock is currently owned by insiders.

Intrepid Potash Company Profile

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 company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.