Gladius Capital Management LP Sells 669 Shares of Intrepid Potash, Inc. (NYSE:IPI)

Gladius Capital Management LP decreased its holdings in shares of Intrepid Potash, Inc. (NYSE:IPI) by 35.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the basic materials company’s stock after selling 669 shares during the period. Gladius Capital Management LP’s holdings in Intrepid Potash were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Acadian Asset Management LLC increased its position in Intrepid Potash by 517.6% during the 1st quarter. Acadian Asset Management LLC now owns 58,126 shares of the basic materials company’s stock valued at $1,211,000 after buying an additional 48,715 shares in the last quarter. Azarias Capital Management L.P. increased its position in Intrepid Potash by 12.2% during the 1st quarter. Azarias Capital Management L.P. now owns 677,704 shares of the basic materials company’s stock valued at $14,137,000 after buying an additional 73,662 shares in the last quarter. First Eagle Investment Management LLC increased its position in Intrepid Potash by 19.4% during 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 in the last quarter. CastleKnight Management LP increased its position in Intrepid Potash by 336.2% during the 4th quarter. CastleKnight Management LP now owns 98,600 shares of the basic materials company’s stock valued at $2,356,000 after buying an additional 75,998 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Intrepid Potash by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 553,185 shares of the basic materials company’s stock valued at $11,539,000 after buying an additional 14,133 shares in the last quarter. Institutional investors own 56.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on IPI shares. StockNews.com upgraded Intrepid Potash to a “sell” rating in a research note on Friday, May 10th. BMO Capital Markets increased their target price on Intrepid Potash from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Friday, May 10th.

Intrepid Potash Trading Up 0.5 %

IPI traded up $0.11 during trading on Friday, hitting $21.77. 73,602 shares of the company’s stock traded hands, compared to its average volume of 101,526. The company’s 50 day simple moving average is $23.85 and its two-hundred day simple moving average is $22.26. Intrepid Potash, Inc. has a 12-month low of $17.52 and a 12-month high of $28.00. The stock has a market capitalization of $288.87 million, a price-to-earnings ratio of -6.44 and a beta of 2.22.

Intrepid Potash (NYSE:IPI) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The firm had revenue of $62.06 million during the quarter, compared to analysts’ expectations of $50.88 million. Intrepid Potash had a negative return on equity of 1.37% and a negative net margin of 15.95%. During the same quarter last year, the business earned $0.33 earnings per share. On average, equities analysts expect that Intrepid Potash, Inc. will post 0.18 EPS for the current 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.