Acadian Asset Management LLC Has $185,000 Position in Intrepid Potash, Inc. (NYSE:IPI)

Acadian Asset Management LLC trimmed its position in shares of Intrepid Potash, Inc. (NYSE:IPI) by 86.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,924 shares of the basic materials company’s stock after selling 50,202 shares during the quarter. Acadian Asset Management LLC owned approximately 0.06% of Intrepid Potash worth $185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IPI. First Eagle Investment Management LLC raised its holdings in Intrepid Potash by 19.4% in the 1st quarter. First Eagle Investment Management LLC now owns 481,670 shares of the basic materials company’s stock valued at $10,048,000 after buying an additional 78,200 shares during the last quarter. CastleKnight Management LP increased its position in Intrepid Potash by 336.2% in the 4th quarter. CastleKnight Management LP now owns 98,600 shares of the basic materials company’s stock valued at $2,356,000 after acquiring an additional 75,998 shares during the period. Azarias Capital Management L.P. raised its stake 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 valued at $14,137,000 after acquiring an additional 73,662 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 period. Finally, Aristides Capital LLC bought a new stake in shares of Intrepid Potash in the fourth quarter worth $245,000. 56.13% of the stock is currently owned by institutional investors.

Intrepid Potash Stock Down 0.9 %

NYSE IPI opened at $24.27 on Friday. The company has a market capitalization of $322.04 million, a price-to-earnings ratio of -7.18 and a beta of 2.19. Intrepid Potash, Inc. has a twelve month low of $17.52 and a twelve month high of $28.00. The stock has a fifty day simple moving average of $23.87 and a 200 day simple moving average of $22.96.

Intrepid Potash (NYSE:IPI) last issued 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 company had revenue of $62.06 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.33 EPS. Research analysts expect 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.