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

Aviva PLC purchased a new position in Intrepid Potash, Inc. (NYSE:IPI – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,575 shares of the basic materials company’s stock, valued at approximately $883,000.

Other large investors also recently bought and sold shares of the company. Gladius Capital Management LP bought a new stake in Intrepid Potash in the fourth quarter worth $32,000. Point72 Hong Kong Ltd bought a new stake in Intrepid Potash in the third quarter worth $33,000. Altshuler Shaham Ltd bought a new stake in Intrepid Potash in the third quarter worth $40,000. Captrust Financial Advisors increased its position in Intrepid Potash by 480.3% in the second quarter. Captrust Financial Advisors now owns 882 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 730 shares during the last quarter. Finally, Ellevest Inc. increased its position in Intrepid Potash by 119.4% in the fourth quarter. Ellevest Inc. now owns 1,672 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 910 shares during the last quarter. Institutional investors own 55.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IPI. StockNews.com began coverage on shares of Intrepid Potash in a research report on Thursday. They issued a “sell” rating on the stock. BMO Capital Markets dropped their price objective on shares of Intrepid Potash from $35.00 to $25.00 in a research note on Friday, May 5th.

Intrepid Potash Stock Down 0.5 %

NYSE IPI opened at $19.57 on Monday. The company has a fifty day moving average of $25.01 and a two-hundred day moving average of $29.83. The firm has a market capitalization of $257.54 million, a price-to-earnings ratio of 5.82 and a beta of 2.01. Intrepid Potash, Inc. has a 52 week low of $18.26 and a 52 week high of $69.53.

Intrepid Potash (NYSE:IPI – Get Rating) last issued its earnings results 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 company had revenue of $86.92 million for the quarter, compared to analysts’ expectations of $66.99 million. Intrepid Potash had a net margin of 14.15% and a return on equity of 7.43%. During the same period in the prior year, the firm posted $2.32 earnings per share. Equities research analysts anticipate that Intrepid Potash, Inc. will post 1.06 EPS for the current year.

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.