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

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

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC increased its holdings in shares of Intrepid Potash by 282.6% during the third quarter. Barclays PLC now owns 14,350 shares of the basic materials company’s stock worth $344,000 after buying an additional 10,599 shares in the last quarter. JPMorgan Chase & Co. raised its position in Intrepid Potash by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,477 shares of the basic materials company’s stock valued at $539,000 after purchasing an additional 2,242 shares during the last quarter. SG Americas Securities LLC boosted its stake in 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 purchasing an additional 830 shares in the last quarter. R Squared Ltd bought a new stake in shares of Intrepid Potash during the fourth quarter worth $38,000. Finally, Goehring & Rozencwajg Associates LLC increased its stake 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 valued at $4,803,000 after buying an additional 1,272 shares in the last quarter. Institutional investors own 56.13% of the company’s stock.

Insider Activity at Intrepid Potash

In other news, major shareholder Robert P. Jornayvaz III sold 14,736 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $25.67, for a total value of $378,273.12. Following the completion of the transaction, the insider now owns 1,212,823 shares of the company’s stock, valued at $31,133,166.41. The trade was a 1.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 229,872 shares of company stock worth $6,866,175. 18.00% of the stock is currently owned by company insiders.

Intrepid Potash Stock Up 0.0 %

Intrepid Potash stock opened at $37.95 on Friday. The stock has a market cap of $505.38 million, a price-to-earnings ratio of -11.33 and a beta of 1.80. Intrepid Potash, Inc. has a 12-month low of $20.75 and a 12-month high of $38.87. The business’s 50-day simple moving average is $29.63 and its 200 day simple moving average is $26.95.

Intrepid Potash (NYSE:IPI) last announced its quarterly earnings data on Monday, May 5th. The basic materials company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.51. The business had revenue of $97.76 million during the quarter, compared to analysts’ expectations 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, sell-side analysts expect that Intrepid Potash, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Intrepid Potash from a “sell” rating to a “hold” rating in a research report on Tuesday. UBS Group decreased their price target on shares of 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 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.