First Eagle Investment Management LLC Increases Holdings in Intrepid Potash, Inc. (NYSE:IPI)

First Eagle Investment Management LLC increased its stake in Intrepid Potash, Inc. (NYSE:IPI) by 25.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 602,770 shares of the basic materials company’s stock after acquiring an additional 121,100 shares during the period. First Eagle Investment Management LLC’s holdings in Intrepid Potash were worth $14,123,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of 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 worth $17,281,000 after purchasing an additional 26,696 shares during the period. Azarias Capital Management L.P. lifted its position in Intrepid Potash by 12.2% in 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 buying an additional 73,662 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 buying an additional 14,133 shares during the period. American Century Companies Inc. increased its position in Intrepid Potash by 8.8% during the second quarter. American Century Companies Inc. now owns 184,337 shares of the basic materials company’s stock valued at $4,319,000 after acquiring an additional 14,968 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC increased its position in Intrepid Potash by 3.4% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 162,024 shares of the basic materials company’s stock valued at $3,871,000 after acquiring an additional 5,270 shares during the last quarter. 56.13% of the stock is owned by institutional investors.

Intrepid Potash Trading Up 0.1 %

Intrepid Potash stock opened at $24.48 on Friday. Intrepid Potash, Inc. has a 12-month low of $17.52 and a 12-month high of $28.00. The firm has a 50-day moving average price of $23.88 and a 200-day moving average price of $22.94. The firm has a market capitalization of $324.83 million, a PE ratio of -7.24 and a beta of 2.19.

Intrepid Potash (NYSE:IPI) last announced its quarterly earnings data 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). The firm had revenue of $62.06 million during the quarter, compared to the consensus estimate of $50.88 million. Intrepid Potash had a negative return on equity of 2.02% and a negative net margin of 19.19%. During the same period in the previous year, the business earned $0.33 EPS. As a group, sell-side analysts predict that Intrepid Potash, Inc. will post 0.15 earnings per share 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.