New Harbor Financial Group Lowers stake in Potash Corporation of Saskatchewan (USA) (POT)

Potash Corporation of Saskatchewan (USA) (POT) : New Harbor Financial Group reduced its stake in Potash Corporation of Saskatchewan (USA) by 99.0% during the most recent quarter end. The investment management company now holds a total of 200 shares of Potash Corporation of Saskatchewan (USA) which is valued at $3,210 after selling 19,793 shares in Potash Corporation of Saskatchewan (USA) , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.

Other Hedge Funds, Including , Beutel Goodman Co Ltd. reduced its stake in POT by selling 3,945 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 9,588,680 shares of POT which is valued at $154,953,069. Potash Corporation of Saskatchewan (USA) makes up approx 1.49% of Beutel Goodman Co Ltd.’s portfolio. North Star Investment Management Corp. added POT to its portfolio by purchasing 5,500 company shares during the most recent quarter which is valued at $88,880. Potash Corporation of Saskatchewan (USA) makes up approx 0.02% of North Star Investment Management Corp.’s portfolio.Cardinal Capital Management reduced its stake in POT by selling 2,400 shares or 39.34% in the most recent quarter. The Hedge Fund company now holds 3,700 shares of POT which is valued at $60,199. Potash Corporation of Saskatchewan (USA) makes up approx 0.01% of Cardinal Capital Management’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) opened for trading at $16.01 and hit $16.23 on the upside on Tuesday, eventually ending the session at $16.16, with a gain of 0.87% or 0.14 points. The heightened volatility saw the trading volume jump to 54,82,698 shares. Company has a market cap of $13,565 M.

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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