SG Americas Securities LLC Acquires New Holdings in Intrepid Potash, Inc. (NYSE:IPI)

SG Americas Securities LLC bought a new position in Intrepid Potash, Inc. (NYSE:IPI) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,913 shares of the basic materials company’s stock, valued at approximately $142,000.

A number of other large investors have also added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its stake in shares of Intrepid Potash by 25.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 602,770 shares of the basic materials company’s stock worth $14,123,000 after buying an additional 121,100 shares during the last quarter. Azarias Capital Management L.P. increased its position in 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 valued at $14,137,000 after acquiring an additional 73,662 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in 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 valued at $1,211,000 after acquiring an additional 48,715 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Intrepid Potash in the second quarter worth about $979,000. Finally, Dimensional Fund Advisors LP boosted its position in Intrepid Potash by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 737,538 shares of the basic materials company’s stock worth $17,281,000 after purchasing an additional 26,696 shares during the last quarter. Institutional investors own 56.13% of the company’s stock.

Intrepid Potash Stock Up 1.0 %

NYSE IPI opened at $24.74 on Friday. The company has a 50-day moving average price of $23.86 and a 200-day moving average price of $23.62. Intrepid Potash, Inc. has a 52 week low of $17.52 and a 52 week high of $28.00.

Intrepid Potash (NYSE:IPI) last announced its earnings results on Monday, August 5th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $50.88 million. During the same quarter last year, the firm posted $0.33 earnings per share. On average, equities analysts predict that Intrepid Potash, Inc. will post 0.27 EPS for the current fiscal year.

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.