Tidal Investments LLC Has $242,000 Stake in ICL Group Ltd (NYSE:ICL)

Tidal Investments LLC decreased its stake in ICL Group Ltd (NYSE:ICL - Free Report) by 85.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,054 shares of the basic materials company's stock after selling 345,133 shares during the period. Tidal Investments LLC's holdings in ICL Group were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ICL. Quantbot Technologies LP raised its stake in ICL Group by 35.6% in the 3rd quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 2,985 shares during the period. Marshall Wace LLP bought a new position in shares of ICL Group in the second quarter valued at about $56,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of ICL Group during the 3rd quarter worth about $56,000. Townsquare Capital LLC bought a new stake in shares of ICL Group during the 3rd quarter worth about $56,000. Finally, Pitcairn Co. acquired a new position in ICL Group in the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 13.38% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded ICL Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 12th.

ICL Group Stock Performance

NYSE ICL traded down $0.14 during trading on Thursday, reaching $4.84. The company's stock had a trading volume of 475,581 shares, compared to its average volume of 783,135. The firm has a 50 day moving average price of $4.55 and a 200 day moving average price of $4.36. ICL Group Ltd has a 12 month low of $3.79 and a 12 month high of $5.54. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 7.00 and a beta of 1.25. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company earned $0.11 EPS. As a group, equities analysts anticipate that ICL Group Ltd will post 0.35 EPS for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a $0.0133 dividend. This represents a $0.05 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, December 4th. ICL Group's dividend payout ratio (DPR) is presently 45.16%.

About ICL Group

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.