Teacher Retirement System of Texas bought a new stake in shares of Intrepid Potash, Inc. (NYSE:IPI – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,941 shares of the basic materials company's stock, valued at approximately $670,000. Teacher Retirement System of Texas owned 0.12% of Intrepid Potash at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Hussman Strategic Advisors Inc. acquired a new position in Intrepid Potash during the 3rd quarter valued at about $981,000. Victory Capital Management Inc. boosted its holdings in shares of Intrepid Potash by 8.2% during the third quarter. Victory Capital Management Inc. now owns 29,517 shares of the basic materials company's stock worth $1,168,000 after purchasing an additional 2,236 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Intrepid Potash by 16.9% during the third quarter. SG Americas Securities LLC now owns 6,842 shares of the basic materials company's stock worth $271,000 after purchasing an additional 991 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Intrepid Potash by 165.0% during the third quarter. Assenagon Asset Management S.A. now owns 309,817 shares of the basic materials company's stock worth $12,259,000 after purchasing an additional 192,897 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Intrepid Potash by 28.9% during the third quarter. Strs Ohio now owns 15,600 shares of the basic materials company's stock worth $617,000 after purchasing an additional 3,500 shares during the period. Institutional investors and hedge funds own 55.35% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets dropped their price target on shares of Intrepid Potash from $45.00 to $40.00 and set a "market perform" rating on the stock in a research report on Friday, November 4th. StockNews.com initiated coverage on shares of Intrepid Potash in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. Finally, UBS Group dropped their target price on shares of Intrepid Potash from $38.00 to $29.00 and set a "sell" rating on the stock in a research report on Wednesday, January 11th.

Intrepid Potash Price Performance

Intrepid Potash (NYSE:IPI – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.58). The company had revenue of $66.96 million for the quarter, compared to analyst estimates of $69.88 million. Intrepid Potash had a return on equity of 11.05% and a net margin of 85.23%. Analysts predict that Intrepid Potash, Inc. will post 6.27 earnings per share for the current fiscal year.

Intrepid Potash Profile

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Intrepid Potash, Inc engages in the delivery of potassium, magnesium, sulfur, and salt essential. The firm serves the agriculture, organics, animal feed, industrial, and oilfield solutions industries. It operates through the following segments: Potash, Oilfield Solutions, and Trio. The company was founded in January 2000 and is headquartered in Denver, CO.

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