Jolley Asset Management Lowers stake in Potash Corporation of Saskatchewan (USA) (POT)

Potash Corporation of Saskatchewan (USA) (POT) : Jolley Asset Management reduced its stake in Potash Corporation of Saskatchewan (USA) by 25.61% during the most recent quarter end. The investment management company now holds a total of 35,300 shares of Potash Corporation of Saskatchewan (USA) which is valued at $564,800 after selling 12,150 shares in Potash Corporation of Saskatchewan (USA) , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Potash Corporation of Saskatchewan (USA) makes up approximately 0.47% of Jolley Asset Management’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc sold out all of its stake in POT during the most recent quarter. The investment firm sold 840 shares of POT which is valued $13,440. Cutler Group Lp added POT to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $16,020.Advisory Services Network boosted its stake in POT in the latest quarter, The investment management firm added 3,626 additional shares and now holds a total of 34,912 shares of Potash Corporation of Saskatchewan (USA) which is valued at $557,894. Potash Corporation of Saskatchewan (USA) makes up approx 0.11% of Advisory Services Network’s portfolio. Washington Trust Bank added POT to its portfolio by purchasing 2,150 company shares during the most recent quarter which is valued at $34,981. Potash Corporation of Saskatchewan (USA) makes up approx 0.01% of Washington Trust Bank’s portfolio.

Potash Corporation of Saskatchewan (USA) closed down -0.05 points or -0.31% at $16 with 54,11,119 shares getting traded on Friday. Post opening the session at $16.17, the shares hit an intraday low of $15.96 and an intraday high of $16.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Potash Corporation of Saskatchewan (USA) reported $0.18 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.18. The company had revenue of $1053.00 million for the quarter, compared to analysts expectations of $1131.01 million. The company’s revenue was down -39.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Potash Corporation of Saskatchewan (USA). Potash Corporation of Saskatchewan (USA) was Upgraded by Susquehanna to ” Positive” on Sep 26, 2016. Stifel Upgraded Potash Corporation of Saskatchewan (USA) on Sep 14, 2016 to ” Buy”, Price Target of the shares are set at $20.Potash Corporation of Saskatchewan (USA) was Downgraded by CLSA to ” Outperform” on Sep 13, 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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