Nikko Asset Management Americas buys $14,249,023 stake in Potash Corporation of Saskatchewan (USA) (POT)

Potash Corporation of Saskatchewan (USA) (POT) : Nikko Asset Management Americas scooped up 120,200 additional shares in Potash Corporation of Saskatchewan (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 829,396 shares of Potash Corporation of Saskatchewan (USA) which is valued at $14,249,023.Potash Corporation of Saskatchewan (USA) makes up approximately 1.31% of Nikko Asset Management Americas’s portfolio.

Other Hedge Funds, Including , Lowe Fs boosted its stake in POT in the latest quarter, The investment management firm added 5,400 additional shares and now holds a total of 5,930 shares of Potash Corporation of Saskatchewan (USA) which is valued at $101,877. Potash Corporation of Saskatchewan (USA) makes up approx 0.07% of Lowe Fs’s portfolio. Advocacy Wealth Management Services sold out all of its stake in POT during the most recent quarter. The investment firm sold 27 shares of POT which is valued $472.First Manhattan Co reduced its stake in POT by selling 8,980 shares or 46.55% in the most recent quarter. The Hedge Fund company now holds 10,310 shares of POT which is valued at $180,219.Davenport Co boosted its stake in POT in the latest quarter, The investment management firm added 786,812 additional shares and now holds a total of 2,228,894 shares of Potash Corporation of Saskatchewan (USA) which is valued at $37,601,442. Potash Corporation of Saskatchewan (USA) makes up approx 0.56% of Davenport Co’s portfolio.

Potash Corporation of Saskatchewan (USA) opened for trading at $17.02 and hit $17.47 on the upside on Wednesday, eventually ending the session at $17.18, with a gain of 0.29% or 0.05 points. The heightened volatility saw the trading volume jump to 85,12,415 shares. Company has a market cap of $14,413 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.

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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