Polygon Management Ltd. adds Potash Corporation of Saskatchewan (USA) (POT) to its portfolio

Potash Corporation of Saskatchewan (USA) (POT) : Polygon Management Ltd. added new position in Potash Corporation of Saskatchewan (USA) during the most recent quarter end. The investment management firm now holds 1,273,610 shares of Potash Corporation of Saskatchewan (USA) which is valued at $22,428,272 , the company said in a statement filed on Nov 14, 2016 with the SEC.Potash Corporation of Saskatchewan (USA) makes up approximately 11.82% of Polygon Management Ltd.’s portfolio.

Other Hedge Funds, Including , Capital Research Global Investors reduced its stake in POT by selling 12,750,453 shares or 51.4% in the most recent quarter. The Hedge Fund company now holds 12,055,905 shares of POT which is valued at $212,304,487. Potash Corporation of Saskatchewan (USA) makes up approx 0.08% of Capital Research Global Investors’s portfolio. Ruggie Capital Group sold out all of its stake in POT during the most recent quarter. The investment firm sold 2,000 shares of POT which is valued $35,260.Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in POT by selling 367,700 shares or 26.55% in the most recent quarter. The Hedge Fund company now holds 1,017,200 shares of POT which is valued at $16,458,296. Potash Corporation of Saskatchewan (USA) makes up approx 0.19% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Trust Co Of Vermont reduced its stake in POT by selling 150 shares or 8.82% in the most recent quarter. The Hedge Fund company now holds 1,551 shares of POT which is valued at $25,142.Sonora Investment Management boosted its stake in POT in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 2,102 shares of Potash Corporation of Saskatchewan (USA) which is valued at $33,632. Potash Corporation of Saskatchewan (USA) makes up approx 0.02% of Sonora Investment Management’s portfolio.

Potash Corporation of Saskatchewan (USA) opened for trading at $17.64 and hit $17.84 on the upside on Monday, eventually ending the session at $17.82, with a gain of 0.45% or 0.08 points. The heightened volatility saw the trading volume jump to 50,08,733 shares. Company has a market cap of $14,962 M.

On the company’s financial health, Potash Corporation of Saskatchewan (USA) reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.08. The company had revenue of $1136.00 million for the quarter, compared to analysts expectations of $979.12 million. The company’s revenue was down -25.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.

Investors should note that on Nov 16, 2016, Potash Corporation of Saskatchewan (USA) announced a cash dividend of $0.1000. The company’s management has announced Jan 10, 2017 as the ex-dividend date and fixed the record date on Jan 12, 2017. The payable date has been fixed on Feb 2, 2017.

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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