Potash Corporation of Saskatchewan Inc. (NYSE:POT) Stake Decreased by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lowered its stake in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 2.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,270 shares of the fertilizer maker’s stock after selling 1,074 shares during the period. Essex Investment Management Co. LLC’s holdings in Potash Corporation of Saskatchewan were worth $722,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Architects Inc increased its stake in Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock valued at $102,000 after buying an additional 100 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in Potash Corporation of Saskatchewan by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after buying an additional 122 shares in the last quarter. Lowe Wealth Advisors LLC boosted its position in Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after buying an additional 845 shares during the last quarter. Bessemer Group Inc. boosted its position in Potash Corporation of Saskatchewan by 126.8% in the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after buying an additional 5,530 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Potash Corporation of Saskatchewan during the first quarter valued at about $178,000. 59.07% of the stock is owned by institutional investors and hedge funds.

Potash Corporation of Saskatchewan Inc. (NYSE POT) opened at 17.52 on Friday. The company has a market cap of $14.72 billion, a PE ratio of 30.85 and a beta of 0.46. The firm has a 50-day moving average of $17.33 and a 200-day moving average of $17.24. Potash Corporation of Saskatchewan Inc. has a one year low of $15.72 and a one year high of $20.27.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by $0.01. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $982.05 million. During the same period in the prior year, the business earned $0.18 earnings per share. Potash Corporation of Saskatchewan’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.60 EPS for the current year.

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A number of equities research analysts recently weighed in on POT shares. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price target on shares of Potash Corporation of Saskatchewan in a report on Tuesday, June 20th. Vertical Research raised Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Stifel Nicolaus reissued a “buy” rating and set a $19.00 price target (down previously from $20.00) on shares of Potash Corporation of Saskatchewan in a research note on Monday, July 10th. Zacks Investment Research lowered Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.18.

About Potash Corporation of Saskatchewan

Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.

Institutional Ownership by Quarter for Potash Corporation of Saskatchewan (NYSE:POT)

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