Two Sigma Investments LP Boosts Stock Holdings in Intrepid Potash, Inc. (NYSE:IPI)

Two Sigma Investments LP grew its stake in shares of Intrepid Potash, Inc. (NYSE:IPI - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,974 shares of the basic materials company's stock after buying an additional 10,894 shares during the quarter. Two Sigma Investments LP owned approximately 0.57% of Intrepid Potash worth $1,665,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IPI. American Century Companies Inc. grew its holdings in shares of 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 valued at $4,074,000 after acquiring an additional 577 shares in the last quarter. Glenorchy Capital Ltd raised its position in shares of Intrepid Potash by 1.1% in the fourth quarter. Glenorchy Capital Ltd now owns 62,928 shares of the basic materials company's stock worth $1,379,000 after buying an additional 714 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Intrepid Potash by 14.0% in 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 in the last quarter. Goehring & Rozencwajg Associates LLC raised its position in shares of Intrepid Potash by 0.6% in 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 in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Intrepid Potash by 12.2% in the fourth 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 during the last quarter. Institutional investors 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 47,429 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $26.54, for a total value of $1,258,765.66. Following the sale, the insider now directly owns 1,164,794 shares of the company's stock, valued at approximately $30,913,632.76. This represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 180,765 shares of company stock valued at $5,858,599. 2.40% of the stock is currently owned by company insiders.

Intrepid Potash Trading Up 0.2%

Shares of NYSE:IPI traded up $0.06 during trading on Friday, reaching $37.97. The company's stock had a trading volume of 23,799 shares, compared to its average volume of 122,303. Intrepid Potash, Inc. has a 12 month low of $20.75 and a 12 month high of $39.01. The stock has a market capitalization of $505.70 million, a PE ratio of -11.33 and a beta of 1.76. The firm's 50 day simple moving average is $33.03 and its two-hundred day simple moving average is $28.33.

Intrepid Potash (NYSE:IPI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $97.76 million during 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%. Research analysts anticipate that Intrepid Potash, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Intrepid Potash from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group reduced their target price on Intrepid Potash from $20.00 to $19.00 and set a "sell" rating for the company in a report on Wednesday, April 16th.

About Intrepid Potash

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.