Bridgeway Capital Management LLC Sells 7,287 Shares of Intrepid Potash, Inc. (NYSE:IPI)

Bridgeway Capital Management LLC lowered its position in Intrepid Potash, Inc. (NYSE:IPI - Free Report) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,342 shares of the basic materials company's stock after selling 7,287 shares during the quarter. Bridgeway Capital Management LLC owned 0.78% of Intrepid Potash worth $2,265,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. lifted its position in Intrepid Potash by 0.3% in the fourth quarter. American Century Companies Inc. now owns 185,844 shares of the basic materials company's stock worth $4,074,000 after purchasing an additional 577 shares during the period. SG Americas Securities LLC raised its stake in shares of Intrepid Potash by 14.0% in the 4th quarter. SG Americas Securities LLC now owns 6,743 shares of the basic materials company's stock valued at $148,000 after buying an additional 830 shares in the last quarter. Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Intrepid Potash by 0.6% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 209,362 shares of the basic materials company's stock worth $4,803,000 after acquiring an additional 1,272 shares during the period. Wells Fargo & Company MN boosted its position in shares of Intrepid Potash by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 13,652 shares of the basic materials company's stock valued at $299,000 after acquiring an additional 1,486 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Intrepid Potash in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 56.13% of the company's stock.

Insider Transactions at Intrepid Potash

In other Intrepid Potash news, major shareholder Robert P. Jornayvaz III sold 14,736 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $25.67, for a total transaction of $378,273.12. Following the sale, the insider now owns 1,212,823 shares of the company's stock, valued at $31,133,166.41. This represents a 1.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 229,872 shares of company stock valued at $6,866,175 in the last three months. 18.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IPI. StockNews.com upgraded shares of Intrepid Potash from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group decreased their price target on Intrepid Potash from $20.00 to $19.00 and set a "sell" rating on the stock in a research note on Wednesday, April 16th.

Intrepid Potash Stock Performance

Shares of NYSE:IPI traded up $0.63 on Tuesday, hitting $36.31. The stock had a trading volume of 245,165 shares, compared to its average volume of 117,896. The firm's 50 day moving average price is $29.82 and its 200-day moving average price is $27.06. Intrepid Potash, Inc. has a twelve month low of $20.75 and a twelve month high of $38.87. The company has a market capitalization of $483.54 million, a price-to-earnings ratio of -10.84 and a beta of 1.80.

Intrepid Potash (NYSE:IPI - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The basic materials company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.51. The firm had revenue of $97.76 million for the quarter, compared to analyst estimates of $72.34 million. Intrepid Potash had a negative net margin of 16.86% and a negative return on equity of 1.32%. As a group, sell-side analysts predict that Intrepid Potash, Inc. will post -0.17 EPS 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.