Intrepid Potash, Inc. (NYSE:IPI) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its stake in Intrepid Potash, Inc. (NYSE:IPI - Free Report) by 25.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 602,770 shares of the basic materials company's stock after acquiring an additional 121,100 shares during the period. First Eagle Investment Management LLC owned approximately 4.54% of Intrepid Potash worth $14,123,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IPI. Principal Financial Group Inc. grew its position in Intrepid Potash by 28.3% in the fourth quarter. Principal Financial Group Inc. now owns 12,995 shares of the basic materials company's stock worth $310,000 after acquiring an additional 2,864 shares in the last quarter. Aristides Capital LLC purchased a new position in shares of Intrepid Potash during the fourth quarter valued at approximately $245,000. CastleKnight Management LP boosted its position in shares of Intrepid Potash by 336.2% during the fourth quarter. CastleKnight Management LP now owns 98,600 shares of the basic materials company's stock valued at $2,356,000 after buying an additional 75,998 shares during the period. Goehring & Rozencwajg Associates LLC boosted its position in shares of Intrepid Potash by 3.4% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 162,024 shares of the basic materials company's stock valued at $3,871,000 after buying an additional 5,270 shares during the period. Finally, Azarias Capital Management L.P. boosted its position in shares of Intrepid Potash by 12.2% during the first quarter. Azarias Capital Management L.P. now owns 677,704 shares of the basic materials company's stock valued at $14,137,000 after buying an additional 73,662 shares during the period. Hedge funds and other institutional investors own 56.13% of the company's stock.

Intrepid Potash Price Performance

Shares of NYSE:IPI traded down $0.23 during trading hours on Friday, hitting $24.27. 130,950 shares of the company's stock traded hands, compared to its average volume of 95,782. Intrepid Potash, Inc. has a 1 year low of $17.52 and a 1 year high of $28.00. The business has a fifty day moving average price of $23.87 and a 200-day moving average price of $22.96. The firm has a market capitalization of $322.04 million, a P/E ratio of -7.18 and a beta of 2.19.

Intrepid Potash (NYSE:IPI - Get Free Report) last announced its earnings results on Monday, August 5th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08). The business had revenue of $62.06 million for the quarter, compared to analysts' expectations of $50.88 million. Intrepid Potash had a negative net margin of 19.19% and a negative return on equity of 2.02%. During the same quarter last year, the firm earned $0.33 EPS. As a group, equities analysts predict that Intrepid Potash, Inc. will post 0.15 earnings per share for the current year.

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.