Barclays PLC Has $344,000 Stake in Intrepid Potash, Inc. (NYSE:IPI)

Barclays PLC boosted its stake in Intrepid Potash, Inc. (NYSE:IPI - Free Report) by 282.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,350 shares of the basic materials company's stock after buying an additional 10,599 shares during the quarter. Barclays PLC owned approximately 0.11% of Intrepid Potash worth $344,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of IPI. SG Americas Securities LLC bought a new position in Intrepid Potash in the 3rd quarter valued at $142,000. Quest Partners LLC raised its position in Intrepid Potash by 24,863.2% in the 3rd quarter. Quest Partners LLC now owns 9,486 shares of the basic materials company's stock valued at $228,000 after purchasing an additional 9,448 shares during the last quarter. Squarepoint Ops LLC bought a new position in Intrepid Potash in the 2nd quarter valued at $303,000. Rhumbline Advisers raised its position in Intrepid Potash by 5.0% in the 2nd quarter. Rhumbline Advisers now owns 17,997 shares of the basic materials company's stock valued at $422,000 after purchasing an additional 861 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Intrepid Potash in the 3rd quarter valued at $602,000. Institutional investors and hedge funds own 56.13% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Robert P. Jornayvaz III sold 3,557 shares of Intrepid Potash stock in a transaction on Monday, December 16th. The stock was sold at an average price of $25.00, for a total transaction of $88,925.00. Following the completion of the sale, the insider now directly owns 129,230 shares of the company's stock, valued at $3,230,750. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 401,097 shares of company stock valued at $10,189,635 over the last three months. Company insiders own 18.00% of the company's stock.

Intrepid Potash Price Performance

Shares of IPI stock traded down $0.24 on Monday, reaching $26.50. 83,142 shares of the stock were exchanged, compared to its average volume of 85,305. The stock has a market cap of $348.71 million, a PE ratio of -7.91 and a beta of 2.23. Intrepid Potash, Inc. has a one year low of $17.52 and a one year high of $29.75. The stock has a 50 day moving average price of $25.06 and a 200 day moving average price of $24.48.

Intrepid Potash (NYSE:IPI - Get Free Report) last released its earnings results on Monday, November 4th. The basic materials company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.25). The firm had revenue of $57.55 million for the quarter, compared to the consensus estimate of $42.57 million. Intrepid Potash had a negative return on equity of 1.32% and a negative net margin of 16.86%. During the same quarter in the previous year, the firm earned ($0.53) EPS. On average, research analysts expect that Intrepid Potash, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on IPI. StockNews.com upgraded Intrepid Potash from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. UBS Group lifted their price objective on Intrepid Potash from $18.00 to $19.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th.

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.