Potash Co. of Saskatchewan (POT) Holdings Trimmed by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA cut its holdings in shares of Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 92.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,928 shares of the fertilizer maker’s stock after selling 139,982 shares during the period. BNP Paribas Arbitrage SA’s holdings in Potash Co. of Saskatchewan were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. San Francisco Sentry Investment Group CA bought a new position in Potash Co. of Saskatchewan during the second quarter worth about $104,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in Potash Co. of Saskatchewan by 5,642.7% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 7,523 shares of the fertilizer maker’s stock worth $143,000 after acquiring an additional 7,392 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Potash Co. of Saskatchewan by 126.8% during the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock worth $162,000 after acquiring an additional 5,530 shares in the last quarter. E&G Advisors LP bought a new position in Potash Co. of Saskatchewan during the third quarter worth about $192,000. Finally, Cetera Investment Advisers bought a new position in Potash Co. of Saskatchewan during the second quarter worth about $174,000. Hedge funds and other institutional investors own 59.83% of the company’s stock.
Several research analysts have weighed in on POT shares. started coverage on Potash Co. of Saskatchewan in a report on Wednesday, October 11th. They set a “buy” rating and a $24.25 target price on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $17.50 target price (up from $17.00) on shares of Potash Co. of Saskatchewan in a report on Friday, October 6th. Royal Bank of Canada lifted their target price on Potash Co. of Saskatchewan from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Cowen reiterated a “hold” rating on shares of Potash Co. of Saskatchewan in a report on Friday, September 1st. Finally, Zacks Investment Research lowered Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.25.
Potash Co. of Saskatchewan (POT) traded down $0.01 on Friday, hitting $19.96. The company’s stock had a trading volume of 3,612,200 shares, compared to its average volume of 4,835,333. Potash Co. of Saskatchewan has a 1 year low of $15.74 and a 1 year high of $20.26. The firm has a market cap of $16,778.07, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 4.88 and a beta of 0.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.50.
Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Potash Co. of Saskatchewan had a net margin of 10.21% and a return on equity of 5.01%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. research analysts expect that Potash Co. of Saskatchewan will post 0.63 EPS for the current year.
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Potash Co. of Saskatchewan Profile
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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