Intrepid Potash, Inc. (IPI) Position Reduced by BlackRock Inc.

BlackRock Inc. lowered its position in shares of Intrepid Potash, Inc. (NYSE:IPI) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,619,869 shares of the basic materials company’s stock after selling 70,608 shares during the period. BlackRock Inc. owned 0.05% of Intrepid Potash worth $31,511,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. New York State Common Retirement Fund grew its stake in Intrepid Potash by 35.2% during the third quarter. New York State Common Retirement Fund now owns 78,807 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 20,507 shares in the last quarter. Creative Planning purchased a new position in Intrepid Potash during the fourth quarter valued at approximately $101,000. Bank of New York Mellon Corp grew its stake in Intrepid Potash by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 424,131 shares of the basic materials company’s stock valued at $2,018,000 after acquiring an additional 21,550 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Intrepid Potash by 17.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 186,797 shares of the basic materials company’s stock valued at $890,000 after acquiring an additional 27,197 shares in the last quarter. Finally, KBC Group NV grew its stake in Intrepid Potash by 40.8% during the fourth quarter. KBC Group NV now owns 120,834 shares of the basic materials company’s stock valued at $575,000 after acquiring an additional 35,009 shares in the last quarter. 46.87% of the stock is owned by institutional investors.

In other Intrepid Potash news, CEO Robert P. Jornayvaz III acquired 15,900 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was bought at an average price of $3.30 per share, with a total value of $52,470.00. Following the purchase, the chief executive officer now owns 1,206,650 shares of the company’s stock, valued at $3,981,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Clearway Capital Management Lt acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $3.48 per share, with a total value of $348,000.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 327,244 shares of company stock valued at $1,097,905. Corporate insiders own 27.30% of the company’s stock.



Several equities analysts recently commented on IPI shares. Zacks Investment Research cut shares of Intrepid Potash from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. ValuEngine cut shares of Intrepid Potash from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Finally, Cowen raised shares of Intrepid Potash from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $3.56 to $3.75 in a research note on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Intrepid Potash presently has a consensus rating of “Hold” and an average target price of $3.60.

IPI stock opened at $3.83 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 0.77. Intrepid Potash, Inc. has a one year low of $1.58 and a one year high of $5.12. The company has a market capitalization of $486.81, a price-to-earnings ratio of -21.28 and a beta of 0.87.

Intrepid Potash (NYSE:IPI) last released its quarterly earnings results on Tuesday, February 27th. The basic materials company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.02). Intrepid Potash had a negative return on equity of 5.31% and a negative net margin of 14.54%. The company had revenue of $33.30 million during the quarter, compared to analysts’ expectations of $30.68 million. During the same period in the prior year, the firm earned ($0.19) EPS. Intrepid Potash’s quarterly revenue was down 21.1% on a year-over-year basis. equities research analysts forecast that Intrepid Potash, Inc. will post 0.12 earnings per share for the current fiscal year.

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About Intrepid Potash

Intrepid Potash, Inc is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States, which it markets and sells as Trio. The Company operates in the extraction, production and sale of potassium-related products. Its products are potash and Trio.

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Institutional Ownership by Quarter for Intrepid Potash (NYSE:IPI)

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