Allspring Global Investments Holdings LLC grew its holdings in shares of Intrepid Potash, Inc. (NYSE:IPI – Get Rating) by 194.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,157 shares of the basic materials company's stock after buying an additional 50,918 shares during the period. Allspring Global Investments Holdings LLC owned 0.57% of Intrepid Potash worth $3,053,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. Raymond James & Associates raised its holdings in shares of Intrepid Potash by 12.8% during the third quarter. Raymond James & Associates now owns 21,341 shares of the basic materials company's stock valued at $844,000 after buying an additional 2,419 shares during the last quarter. Foundry Partners LLC bought a new stake in shares of Intrepid Potash during the third quarter valued at approximately $1,580,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Intrepid Potash by 15.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,188 shares of the basic materials company's stock valued at $205,000 after buying an additional 682 shares during the last quarter. Radnor Capital Management LLC raised its holdings in shares of Intrepid Potash by 11.0% during the third quarter. Radnor Capital Management LLC now owns 7,585 shares of the basic materials company's stock valued at $300,000 after buying an additional 750 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Intrepid Potash by 480.3% during the second quarter. Captrust Financial Advisors now owns 882 shares of the basic materials company's stock worth $40,000 after purchasing an additional 730 shares in the last quarter. Institutional investors own 55.35% of the company's stock.
Get Intrepid Potash alerts:Analysts Set New Price Targets
IPI has been the topic of several recent analyst reports. BMO Capital Markets dropped their target price on Intrepid Potash from $45.00 to $40.00 and set a "market perform" rating on the stock in a report on Friday, November 4th. UBS Group dropped their target price on Intrepid Potash from $38.00 to $29.00 and set a "sell" rating on the stock in a report on Wednesday, January 11th. Finally, StockNews.com initiated coverage on Intrepid Potash in a report on Wednesday, October 12th. They set a "hold" rating on the stock.
Intrepid Potash Stock Performance
NYSE IPI opened at $32.22 on Wednesday. The stock has a market capitalization of $434.62 million, a P/E ratio of 1.49 and a beta of 1.95. Intrepid Potash, Inc. has a 1 year low of $27.23 and a 1 year high of $121.72. The business's fifty day moving average is $32.61 and its two-hundred day moving average is $39.33.Intrepid Potash (NYSE:IPI – Get Rating) last posted 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 during the quarter, compared to the consensus estimate of $69.88 million. Intrepid Potash had a net margin of 85.23% and a return on equity of 11.05%. On average, research analysts forecast that Intrepid Potash, Inc. will post 6.27 earnings per share for the current 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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