Migdal Insurance Financial Holdings Ltd. Lowers stake in Potash Corporation of Saskatchewan (USA) (POT)

Potash Corporation of Saskatchewan (USA) (POT) : Migdal Insurance Financial Holdings Ltd. reduced its stake in Potash Corporation of Saskatchewan (USA) by 39.99% during the most recent quarter end. The investment management company now holds a total of 300,046 shares of Potash Corporation of Saskatchewan (USA) which is valued at $4,743,727 after selling 199,954 shares in Potash Corporation of Saskatchewan (USA) , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Potash Corporation of Saskatchewan (USA) makes up approximately 0.13% of Migdal Insurance Financial Holdings Ltd.’s portfolio.

Other Hedge Funds, Including , Community Financial Services Group reduced its stake in POT by selling 4,659 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 116,070 shares of POT which is valued at $1,835,067. Potash Corporation of Saskatchewan (USA) makes up approx 0.87% of Community Financial Services Group’s portfolio.American Research Management reduced its stake in POT by selling 450 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 12,550 shares of POT which is valued at $195,780. Potash Corporation of Saskatchewan (USA) makes up approx 0.07% of American Research Management’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in POT by selling 167,302 shares or 90.58% in the most recent quarter. The Hedge Fund company now holds 17,407 shares of POT which is valued at $298,530. Potash Corporation of Saskatchewan (USA) makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio.

Potash Corporation of Saskatchewan (USA) opened for trading at $16.21 and hit $16.4 on the upside on Monday, eventually ending the session at $16.39, with a gain of 2.37% or 0.38 points. The heightened volatility saw the trading volume jump to 85,35,332 shares. Company has a market cap of $13,758 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.

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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