American Century Companies Inc. Purchases 577 Shares of Intrepid Potash, Inc. (NYSE:IPI)

American Century Companies Inc. grew its position in shares of Intrepid Potash, Inc. (NYSE:IPI) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,844 shares of the basic materials company’s stock after purchasing an additional 577 shares during the quarter. American Century Companies Inc.’s holdings in Intrepid Potash were worth $4,074,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IPI. Geode Capital Management LLC boosted its stake in Intrepid Potash by 0.8% in the third quarter. Geode Capital Management LLC now owns 231,594 shares of the basic materials company’s stock worth $5,560,000 after buying an additional 1,732 shares in the last quarter. Barclays PLC lifted its holdings in shares of Intrepid Potash by 282.6% in the 3rd quarter. Barclays PLC now owns 14,350 shares of the basic materials company’s stock worth $344,000 after acquiring an additional 10,599 shares during the last quarter. State Street Corp boosted its stake in shares of Intrepid Potash by 0.6% in the 3rd quarter. State Street Corp now owns 227,169 shares of the basic materials company’s stock valued at $5,452,000 after purchasing an additional 1,402 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Intrepid Potash in the 3rd quarter valued at $602,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Intrepid Potash by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,477 shares of the basic materials company’s stock valued at $539,000 after purchasing an additional 2,242 shares during the last quarter. 56.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intrepid Potash

In other Intrepid Potash news, major shareholder Robert P. Jornayvaz III sold 15,476 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $30.58, for a total transaction of $473,256.08. Following the completion of the sale, the insider now directly owns 1,123,230 shares of the company’s stock, valued at approximately $34,348,373.40. This represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 227,805 shares of company stock worth $6,168,096. Company insiders own 18.00% of the company’s stock.

Intrepid Potash Price Performance

Shares of NYSE IPI opened at $25.89 on Friday. Intrepid Potash, Inc. has a 1 year low of $18.83 and a 1 year high of $31.29. The firm has a 50-day moving average of $26.91 and a 200 day moving average of $25.69. The stock has a market cap of $342.42 million, a P/E ratio of -7.73 and a beta of 1.78.

Intrepid Potash (NYSE:IPI) last announced its quarterly earnings data on Monday, March 3rd. The basic materials company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The firm had revenue of $55.80 million for the quarter, compared to analysts’ expectations of $50.35 million. Intrepid Potash had a negative net margin of 16.86% and a negative return on equity of 1.32%. During the same period last year, the company posted ($0.41) earnings per share. Research analysts expect that Intrepid Potash, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com downgraded Intrepid Potash from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. UBS Group dropped their price objective on Intrepid Potash from $21.00 to $20.00 and set a “sell” rating for the company in a research note on Tuesday, March 4th.

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.