First Eagle Investment Management LLC Purchases 121,100 Shares of Intrepid Potash, Inc. (NYSE:IPI)

First Eagle Investment Management LLC increased its position in Intrepid Potash, Inc. (NYSE:IPI) by 25.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 602,770 shares of the basic materials company’s stock after buying an additional 121,100 shares during the period. First Eagle Investment Management LLC owned about 4.54% of Intrepid Potash worth $14,123,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted 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 worth $17,281,000 after purchasing an additional 26,696 shares during the period. American Century Companies Inc. boosted its position in shares of 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 worth $4,319,000 after acquiring an additional 14,968 shares during the last quarter. Acuitas Investments LLC grew its stake in Intrepid Potash by 21.0% during the second quarter. Acuitas Investments LLC now owns 46,072 shares of the basic materials company’s stock valued at $1,079,000 after acquiring an additional 8,004 shares in the last quarter. Rhumbline Advisers grew its stake in Intrepid Potash by 5.0% during the second quarter. Rhumbline Advisers now owns 17,997 shares of the basic materials company’s stock valued at $422,000 after acquiring an additional 861 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Intrepid Potash by 14.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 51,775 shares of the basic materials company’s stock valued at $1,213,000 after acquiring an additional 6,632 shares during the last quarter. Hedge funds and other institutional investors own 56.13% of the company’s stock.

Intrepid Potash Stock Up 0.1 %

IPI opened at $24.48 on Friday. Intrepid Potash, Inc. has a 52 week low of $17.52 and a 52 week high of $28.00. The firm has a 50-day simple moving average of $23.88 and a two-hundred day simple moving average of $22.94. The company 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 released its quarterly earnings results on Monday, August 5th. The basic materials company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.08). The firm had revenue of $62.06 million for the quarter, compared to analysts’ expectations of $50.88 million. Intrepid Potash had a negative net margin of 19.19% and a negative return on equity of 2.02%. During the same quarter in the prior year, the business earned $0.33 EPS. As a group, sell-side analysts expect that Intrepid Potash, Inc. will post 0.15 earnings per share for the current year.

Intrepid Potash 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.