AWM Investment Company Inc. acquired a new position in shares of Brazil Potash Corp. (NYSEAMERICAN:GRO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,000,000 shares of the company's stock, valued at approximately $10,750,000. AWM Investment Company Inc. owned approximately 9.31% of Brazil Potash at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GRO. Integral Investment Advisors Inc. acquired a new stake in shares of Brazil Potash in the first quarter valued at approximately $36,000. Ferguson Shapiro LLC acquired a new position in shares of Brazil Potash during the 1st quarter worth approximately $45,000. Walleye Capital LLC acquired a new position in shares of Brazil Potash during the 1st quarter worth approximately $274,000. EverSource Wealth Advisors LLC lifted its stake in Brazil Potash by 4.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 138,839 shares of the company's stock valued at $450,000 after buying an additional 5,937 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Brazil Potash by 5,630.7% in the 1st quarter. Bank of America Corp DE now owns 156,277 shares of the company's stock valued at $506,000 after buying an additional 153,550 shares in the last quarter.
Brazil Potash Stock Down 2.0%
GRO stock opened at $2.49 on Wednesday. Brazil Potash Corp. has a 1 year low of $1.57 and a 1 year high of $3.99. The company has a 50-day moving average of $2.20.
Brazil Potash (NYSEAMERICAN:GRO - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.13) EPS for the quarter.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on GRO shares. Roth Capital reissued a "buy" rating and set a $5.25 price target on shares of Brazil Potash in a research report on Wednesday, April 29th. Zacks Research upgraded Brazil Potash from a "strong sell" rating to a "hold" rating in a research report on Monday, June 29th. HC Wainwright assumed coverage on Brazil Potash in a research note on Tuesday, June 16th. They set a "buy" rating and a $4.75 price objective on the stock. Finally, Canaccord Genuity Group started coverage on Brazil Potash in a research report on Tuesday, July 21st. They set a "speculative buy" rating and a $5.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $5.00.
View Our Latest Analysis on GRO
Brazil Potash Company Profile
(
Free Report)
Brazil Potash Corp is a mineral exploration and development company with a potash mining project located in the state of Amazonas, Brazil. The company's technical operations are based in Autazes, Amazonas, Brazil, and Belo Horizonte, Minas Gerais, Brazil. The operating activities of the company include focusing on the extraction and processing of potash ore from the mines of the Autazes Project and selling and distributing the processed potash in Brazil.
See Also
Want to see what other hedge funds are holding GRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brazil Potash Corp. (NYSEAMERICAN:GRO - Free Report).
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