Crescent Grove Advisors LLC acquired a new stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the second quarter, Holdings Channel reports. The fund acquired 26,910 shares of the fertilizer maker’s stock, valued at approximately $441,000.

Other large investors also recently added to or reduced their stakes in the company. Financial Architects Inc boosted its stake in Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock valued at $102,000 after buying an additional 100 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Potash Corporation of Saskatchewan by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after buying an additional 122 shares during the last quarter. Lowe Wealth Advisors LLC boosted its stake in Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after buying an additional 845 shares during the last quarter. Bessemer Group Inc. boosted its stake in Potash Corporation of Saskatchewan by 126.8% in the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after buying an additional 5,530 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Potash Corporation of Saskatchewan during the first quarter valued at about $178,000. Hedge funds and other institutional investors own 59.07% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) opened at 17.52 on Friday. Potash Corporation of Saskatchewan Inc. has a 52 week low of $15.72 and a 52 week high of $20.27. The stock’s 50 day moving average is $17.33 and its 200-day moving average is $17.24. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 30.85 and a beta of 0.46.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last announced its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. On average, analysts anticipate that Potash Corporation of Saskatchewan Inc. will post $0.60 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on POT shares. Stifel Nicolaus restated a “buy” rating and issued a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research report on Friday. Zacks Investment Research cut shares of Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Scotiabank restated a “sector perform” rating and issued a $20.00 price target on shares of Potash Corporation of Saskatchewan in a research report on Friday, April 28th. TD Securities restated a “hold” rating and issued a $17.50 price target on shares of Potash Corporation of Saskatchewan in a research report on Friday, April 28th. Finally, Cowen and Company set a $16.00 price target on shares of Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Potash Corporation of Saskatchewan presently has a consensus rating of “Hold” and a consensus target price of $18.18.

About Potash Corporation of Saskatchewan

Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.

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Institutional Ownership by Quarter for Potash Corporation of Saskatchewan (NYSE:POT)

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