Intrepid Potash, Inc. (NYSE:IPI) Shares Acquired by Glenorchy Capital Ltd

Glenorchy Capital Ltd raised its holdings in shares of Intrepid Potash, Inc. (NYSE:IPI - Free Report) by 95.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,214 shares of the basic materials company's stock after acquiring an additional 30,425 shares during the quarter. Glenorchy Capital Ltd owned approximately 0.47% of Intrepid Potash worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IPI. First Eagle Investment Management LLC increased its stake in shares of Intrepid Potash by 25.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 602,770 shares of the basic materials company's stock worth $14,123,000 after purchasing an additional 121,100 shares in the last quarter. Azarias Capital Management L.P. raised its holdings in shares of Intrepid Potash by 12.2% in the first quarter. Azarias Capital Management L.P. now owns 677,704 shares of the basic materials company's stock worth $14,137,000 after acquiring an additional 73,662 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Intrepid Potash by 517.6% in the first quarter. Acadian Asset Management LLC now owns 58,126 shares of the basic materials company's stock valued at $1,211,000 after acquiring an additional 48,715 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Intrepid Potash during the second quarter valued at $979,000. Finally, Dimensional Fund Advisors LP increased its position in Intrepid Potash by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,538 shares of the basic materials company's stock worth $17,281,000 after purchasing an additional 26,696 shares in the last quarter. Institutional investors and hedge funds own 56.13% of the company's stock.

Intrepid Potash Price Performance

NYSE:IPI traded up $0.01 on Friday, reaching $24.47. The stock had a trading volume of 50,183 shares, compared to its average volume of 90,462. Intrepid Potash, Inc. has a 12-month low of $17.52 and a 12-month high of $28.00. The company has a market cap of $324.69 million, a price-to-earnings ratio of -7.24 and a beta of 2.18. The firm's fifty day moving average is $23.55 and its two-hundred day moving average is $23.52.

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 analysts' consensus estimates of $0.02 by ($0.08). Intrepid Potash had a negative return on equity of 2.02% and a negative net margin of 19.19%. The firm had revenue of $62.06 million for the quarter, compared to analyst estimates of $50.88 million. During the same quarter last year, the business posted $0.33 EPS. As a group, research analysts forecast that Intrepid Potash, Inc. will post 0.27 earnings per share for the current fiscal year.

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.