Glovista Investments adds Potash Corporation of Saskatchewan (USA) (POT) to its portfolio

Potash Corporation of Saskatchewan (USA) (POT) : Glovista Investments added new position in Potash Corporation of Saskatchewan (USA) during the most recent quarter end. The investment management firm now holds 315,582 shares of Potash Corporation of Saskatchewan (USA) which is valued at $5 Million , the company said in a statement filed on May 13, 2016 with the SEC.Potash Corporation of Saskatchewan (USA) makes up approximately 0.85% of Glovista Investments’s portfolio.

Other Hedge Funds, Including , Uniplan Investment Counsel reduced its stake in POT by selling 60,907 shares or 12.64% in the most recent quarter. The Hedge Fund company now holds 420,951 shares of POT which is valued at $6.6 Million. Potash Corporation of Saskatchewan (USA) makes up approx 0.31% of Uniplan Investment Counsel’s portfolio.Contrarius Investment Management Ltd reduced its stake in POT by selling 202,186 shares or 46.15% in the most recent quarter. The Hedge Fund company now holds 235,923 shares of POT which is valued at $3.7 Million. Potash Corporation of Saskatchewan (USA) makes up approx 0.32% of Contrarius Investment Management Ltd’s portfolio. Flippin Bruce Porter Inc sold out all of its stake in POT during the most recent quarter. The investment firm sold 110,659 shares of POT which is valued $1.8 Million. Thompson Davis sold out all of its stake in POT during the most recent quarter. The investment firm sold 705 shares of POT which is valued $11,202.Capital Fund Management S.a. boosted its stake in POT in the latest quarter, The investment management firm added 479,191 additional shares and now holds a total of 1,232,392 shares of Potash Corporation of Saskatchewan (USA) which is valued at $19.6 Million. Potash Corporation of Saskatchewan (USA) makes up approx 0.34% of Capital Fund Management S.a.’s portfolio.

Potash Corporation of Saskatchewan (USA) opened for trading at $16.38 and hit $16.88 on the upside on Wednesday, eventually ending the session at $16.8, with a gain of 3.32% or 0.54 points. The heightened volatility saw the trading volume jump to 1,05,21,995 shares. Company has a market cap of $14,094 M.

On the company’s financial health, Potash Corporation of Saskatchewan (USA) reported $0.15 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.15. The company had revenue of $1209.00 million for the quarter, compared to analysts expectations of $1096.25 million. The company’s revenue was down -27.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Investors should note that on May 11, 2016, Potash Corporation of Saskatchewan (USA) announced a cash dividend of $0.2500. The company’s management has announced Jul 8, 2016 as the ex-dividend date and fixed the record date on Jul 12, 2016. The payable date has been fixed on Aug 2, 2016.

Many Wall Street Analysts have commented on Potash Corporation of Saskatchewan (USA). Shares were Downgraded by Barclays on Apr 19, 2016 to ” Underweight” and Lowered the Price Target to $ 14 from a previous price target of $16 .Potash Corporation of Saskatchewan (USA) was Downgraded by HSBC Securities to ” Hold” on Apr 11, 2016. Potash Corporation of Saskatchewan (USA) was Downgraded by CIBC to ” Sector Perform” on Apr 4, 2016.

Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products including ammonia urea nitrogen solutions ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia Louisiana Ohio and Trinidad. The Company’s phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers phosphate feed and industrial acid which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar Louisiana facility.

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