Two Sigma Advisers LP Sells 9,400 Shares of Intrepid Potash, Inc. (NYSE:IPI)

Two Sigma Advisers LP reduced its position in shares of Intrepid Potash, Inc. (NYSE:IPI - Free Report) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,310 shares of the basic materials company's stock after selling 9,400 shares during the period. Two Sigma Advisers LP owned about 0.66% of Intrepid Potash worth $1,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of IPI. SG Americas Securities LLC boosted its position in shares of Intrepid Potash by 14.0% during the fourth quarter. SG Americas Securities LLC now owns 6,743 shares of the basic materials company's stock worth $148,000 after buying an additional 830 shares during the period. R Squared Ltd acquired a new position in shares of Intrepid Potash during the fourth quarter worth about $38,000. Goehring & Rozencwajg Associates LLC boosted its position in shares of Intrepid Potash by 0.6% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 209,362 shares of the basic materials company's stock worth $4,803,000 after buying an additional 1,272 shares during the period. Empowered Funds LLC raised its holdings in Intrepid Potash by 5.0% during the fourth quarter. Empowered Funds LLC now owns 56,486 shares of the basic materials company's stock worth $1,238,000 after acquiring an additional 2,713 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new stake in Intrepid Potash during the fourth quarter worth about $1,269,000. 56.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intrepid Potash

In other news, major shareholder Robert P. Jornayvaz III sold 47,429 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $26.54, for a total value of $1,258,765.66. Following the completion of the transaction, the insider now directly owns 1,164,794 shares in the company, valued at approximately $30,913,632.76. This represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 180,765 shares of company stock valued at $5,858,599. 2.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on IPI. UBS Group dropped their target price on Intrepid Potash from $20.00 to $19.00 and set a "sell" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen upgraded Intrepid Potash from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th.

Intrepid Potash Price Performance

NYSE:IPI traded up $0.52 during trading hours on Tuesday, reaching $37.96. 183,852 shares of the company were exchanged, compared to its average volume of 122,379. The company has a market capitalization of $505.53 million, a P/E ratio of -11.33 and a beta of 1.80. Intrepid Potash, Inc. has a 1-year low of $20.75 and a 1-year high of $39.01. The business has a 50 day moving average of $32.69 and a 200 day moving average of $28.19.

Intrepid Potash (NYSE:IPI - Get Free Report) last issued its earnings results on Monday, May 5th. The basic materials company reported $0.39 earnings per share 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 the consensus estimate of $72.34 million. Intrepid Potash had a negative return on equity of 1.32% and a negative net margin of 16.86%. As a group, equities research analysts anticipate that Intrepid Potash, Inc. will post -0.17 earnings per share for the current fiscal 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.