52,286 Shares in Innophos Holdings Inc. (IPHS) Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. purchased a new stake in shares of Innophos Holdings Inc. (NASDAQ:IPHS) during the first quarter, Holdings Channel reports. The institutional investor purchased 52,286 shares of the company’s stock, valued at approximately $1,616,000.

Other large investors have also recently made changes to their positions in the company. AMP Capital Investors Ltd increased its stake in shares of Innophos Holdings by 3.2% in the first quarter. AMP Capital Investors Ltd now owns 7,224 shares of the company’s stock valued at $221,000 after buying an additional 224 shares during the period. Renaissance Technologies LLC increased its stake in shares of Innophos Holdings by 30.8% in the first quarter. Renaissance Technologies LLC now owns 901,200 shares of the company’s stock valued at $27,856,000 after buying an additional 212,200 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of Innophos Holdings by 8.3% in the first quarter. Kennedy Capital Management Inc. now owns 575,298 shares of the company’s stock valued at $17,782,000 after buying an additional 43,915 shares during the period. Geode Capital Management LLC increased its stake in shares of Innophos Holdings by 5.1% in the first quarter. Geode Capital Management LLC now owns 156,875 shares of the company’s stock valued at $4,848,000 after buying an additional 7,576 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Innophos Holdings by 13.2% in the first quarter. Goldman Sachs Group Inc. now owns 171,843 shares of the company’s stock valued at $5,312,000 after buying an additional 20,095 shares during the period.

Innophos Holdings Inc. (NASDAQ:IPHS) traded down 1.58% during midday trading on Thursday, reaching $43.58. 75,322 shares of the company’s stock were exchanged. The stock has a market capitalization of $838.00 million and a price-to-earnings ratio of 31.72. Innophos Holdings Inc. has a 12-month low of $22.06 and a 12-month high of $53.07. The stock’s 50-day moving average is $41.85 and its 200-day moving average is $34.16.

Separately, Zacks Investment Research downgraded shares of Innophos Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th.

In related news, Director Robert J. Zatta bought 1,000 shares of the company’s stock in a transaction on Tuesday, May 24th. The shares were acquired at an average cost of $37.11 per share, for a total transaction of $37,110.00. Following the purchase, the director now directly owns 4,351 shares of the company’s stock, valued at $161,465.61. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Joseph Golowski sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $40.46, for a total transaction of $202,300.00. Following the completion of the transaction, the vice president now owns 28,069 shares in the company, valued at $1,135,671.74. The disclosure for this sale can be found here.

Innophos Holdings, Inc is a producer of performance-critical and nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. Bioactive mineral ingredients are mineral based ingredients for food, beverage and dietary supplement end markets that are manufactured to be readily digestible.

Want to see what other hedge funds are holding IPHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Innophos Holdings Inc. (NASDAQ:IPHS).

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