State Board of Administration of Florida Retirement System Has $253,000 Stock Position in Intrepid Potash, Inc. (NYSE:IPI)

State Board of Administration of Florida Retirement System lessened its position in shares of Intrepid Potash, Inc. (NYSE:IPIGet Rating) by 16.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,577 shares of the basic materials company’s stock after selling 1,100 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Intrepid Potash were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Sittner & Nelson LLC grew its holdings in shares of Intrepid Potash by 100.0% during the 1st 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. Radnor Capital Management LLC grew its holdings in shares of Intrepid Potash by 4.6% during the 2nd 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. SG Americas Securities LLC boosted its stake in Intrepid Potash by 13.1% in the 1st quarter. SG Americas Securities LLC now owns 2,927 shares of the basic materials company’s stock valued at $240,000 after buying an additional 340 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Intrepid Potash by 92.4% in the 1st 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 in the last quarter. Finally, Tcwp LLC acquired a new stake in Intrepid Potash in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 56.85% of the company’s stock.

Intrepid Potash Stock Performance

Shares of IPI opened at $34.66 on Tuesday. The stock has a fifty day moving average price of $40.66 and a two-hundred day moving average price of $47.17. Intrepid Potash, Inc. has a 52-week low of $32.90 and a 52-week high of $121.72. The company has a market cap of $467.53 million, a price-to-earnings ratio of 1.60 and a beta of 1.99.

Wall Street Analysts Forecast Growth

IPI has been the topic of several recent analyst reports. StockNews.com initiated coverage on Intrepid Potash in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. BMO Capital Markets decreased their price target on Intrepid Potash from $45.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, November 4th.

Intrepid Potash Profile

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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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