Lesa Sroufe & Co lowered its position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 271,685 shares of the fertilizer maker’s stock after selling 1,821 shares during the period. Potash Corporation of Saskatchewan accounts for 4.1% of Lesa Sroufe & Co’s investment portfolio, making the stock its 9th largest position. Lesa Sroufe & Co’s holdings in Potash Corporation of Saskatchewan were worth $4,428,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Korea Investment CORP bought a new position in Potash Corporation of Saskatchewan during the first quarter worth approximately $885,000. Bank of Nova Scotia raised its position in Potash Corporation of Saskatchewan by 19.2% in the first quarter. Bank of Nova Scotia now owns 2,176,390 shares of the fertilizer maker’s stock worth $37,184,000 after buying an additional 350,035 shares in the last quarter. Barings LLC bought a new position in Potash Corporation of Saskatchewan during the first quarter worth approximately $18,756,000. Sprott Inc. raised its position in Potash Corporation of Saskatchewan by 4.6% in the second quarter. Sprott Inc. now owns 32,130 shares of the fertilizer maker’s stock worth $524,000 after buying an additional 1,400 shares in the last quarter. Finally, Sei Investments Co. raised its position in Potash Corporation of Saskatchewan by 73.5% in the first quarter. Sei Investments Co. now owns 397,930 shares of the fertilizer maker’s stock worth $6,797,000 after buying an additional 168,600 shares in the last quarter. Institutional investors and hedge funds own 60.42% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) opened at 17.51 on Wednesday. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 30.83 and a beta of 0.46. Potash Corporation of Saskatchewan Inc. has a 52 week low of $15.72 and a 52 week high of $20.26. The firm’s 50 day moving average is $17.39 and its 200-day moving average is $17.18.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last issued its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $982.05 million. During the same period in the previous year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.62 EPS for the current year.

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A number of research analysts recently commented on POT shares. Zacks Investment Research lowered shares of Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Stifel Nicolaus restated a “buy” rating and set a $20.50 target price on shares of Potash Corporation of Saskatchewan in a report on Friday, August 11th. Cowen and Company set a $16.00 target price on shares of Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a report on Thursday, July 27th. Raymond James Financial, Inc. raised their target price on shares of Potash Corporation of Saskatchewan from $17.00 to $19.00 and gave the stock a “market perform” rating in a report on Monday, May 1st. Finally, Vertical Research upgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating in a report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $18.18.

About Potash Corporation of Saskatchewan

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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Institutional Ownership by Quarter for Potash Corporation of Saskatchewan (NYSE:POT)

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