Renaissance Technologies LLC Sells 8,639 Shares of Intrepid Potash, Inc. (NYSE:IPI)

Renaissance Technologies LLC lowered its position in Intrepid Potash, Inc. (NYSE:IPI) by 42.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,671 shares of the basic materials company’s stock after selling 8,639 shares during the period. Renaissance Technologies LLC owned about 0.09% of Intrepid Potash worth $273,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Acadian Asset Management LLC increased its holdings in shares of Intrepid Potash by 517.6% in the first quarter. Acadian Asset Management LLC now owns 58,126 shares of the basic materials company’s stock worth $1,211,000 after acquiring an additional 48,715 shares in the last quarter. Azarias Capital Management L.P. raised its holdings in shares of Intrepid Potash by 12.2% during the first quarter. Azarias Capital Management L.P. now owns 677,704 shares of the basic materials company’s stock worth $14,137,000 after acquiring an additional 73,662 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Intrepid Potash by 19.4% in the first quarter. First Eagle Investment Management LLC now owns 481,670 shares of the basic materials company’s stock valued at $10,048,000 after purchasing an additional 78,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Intrepid Potash by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,538 shares of the basic materials company’s stock valued at $17,281,000 after acquiring an additional 26,696 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Intrepid Potash by 2.6% during the first quarter. Vanguard Group Inc. now owns 553,185 shares of the basic materials company’s stock worth $11,539,000 after purchasing an additional 14,133 shares during the last quarter. Institutional investors and hedge funds own 56.13% of the company’s stock.

Intrepid Potash Stock Up 1.0 %

IPI stock opened at $23.93 on Friday. The company has a market cap of $317.79 million, a price-to-earnings ratio of -6.35 and a beta of 2.18. The business has a 50 day moving average price of $23.34 and a two-hundred day moving average price of $23.40. Intrepid Potash, Inc. has a twelve month low of $17.52 and a twelve month high of $28.00.

Intrepid Potash (NYSE:IPI) last posted its quarterly earnings results on Monday, August 5th. The basic materials company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). Intrepid Potash had a negative net margin of 19.19% and a negative return on equity of 2.02%. The business had revenue of $62.06 million during the quarter, compared to the consensus estimate of $50.88 million. During the same quarter last year, the company posted $0.33 EPS. On average, equities research analysts anticipate that Intrepid Potash, Inc. will post 0.27 EPS for the current fiscal year.

About Intrepid Potash

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.