80,726 Intrepid Potash, Inc $IPI Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. lessened its position in Intrepid Potash, Inc (NYSE:IPI) by 45.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,555 shares of the basic materials company’s stock after selling 80,726 shares during the period. Intrepid Potash makes up 3.0% of Azarias Capital Management L.P.’s holdings, making the stock its 14th largest position. Azarias Capital Management L.P.’s holdings in Intrepid Potash were worth $3,130,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IPI. BlackRock Inc. acquired a new stake in shares of Intrepid Potash in the second quarter valued at $37,879,000. Dimensional Fund Advisors LP boosted its stake in Intrepid Potash by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 734,413 shares of the basic materials company’s stock valued at $31,413,000 after buying an additional 16,813 shares in the last quarter. Gate City Capital Management LLC grew its holdings in Intrepid Potash by 338.6% during the fourth quarter. Gate City Capital Management LLC now owns 914,026 shares of the basic materials company’s stock worth $25,346,000 after acquiring an additional 705,638 shares during the period. Goehring & Rozencwajg Associates LLC grew its holdings in Intrepid Potash by 21.8% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 267,097 shares of the basic materials company’s stock worth $11,424,000 after acquiring an additional 47,781 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Intrepid Potash by 1,773.2% during the first quarter. SG Americas Securities LLC now owns 98,754 shares of the basic materials company’s stock worth $4,224,000 after acquiring an additional 93,482 shares during the period. Institutional investors and hedge funds own 56.13% of the company’s stock.

Intrepid Potash Stock Down 3.7%

Shares of Intrepid Potash stock traded down $1.23 during trading on Wednesday, hitting $31.82. The stock had a trading volume of 266,489 shares, compared to its average volume of 251,725. The stock has a 50 day simple moving average of $36.70 and a 200 day simple moving average of $37.10. The company has a market capitalization of $428.31 million, a PE ratio of 16.07 and a beta of 1.31. Intrepid Potash, Inc has a 1 year low of $22.55 and a 1 year high of $50.34.

Intrepid Potash (NYSE:IPI) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.22). The firm had revenue of $66.69 million during the quarter, compared to analysts’ expectations of $64.86 million. Intrepid Potash had a net margin of 8.94% and a return on equity of 4.74%. As a group, equities analysts expect that Intrepid Potash, Inc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group boosted their price target on shares of Intrepid Potash from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Zacks Research lowered shares of Intrepid Potash from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 7th. Freedom Capital raised shares of Intrepid Potash to a “strong-buy” rating in a research note on Friday, July 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Intrepid Potash in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Intrepid Potash has an average rating of “Hold” and a consensus price target of $29.00.

Intrepid Potash Company Profile

Intrepid Potash, Inc is a mineral producer focused primarily on potash and specialty fertilizer products. The company produces muriate of potash, also known as potassium chloride, as well as Trio, a granular fertilizer that supplies potassium, magnesium and sulfate. These products are used in agricultural applications to support crop growth and improve soil nutrient levels.

Intrepid also produces and sells magnesium chloride, which is used in industrial, animal-feed and road-maintenance applications, along with other mineral products and brine-related materials.