Potash Co. of Saskatchewan Sees Unusually Large Options Volume (POT)
Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) was the target of some unusual options trading activity on Wednesday. Investors bought 3,128 put options on the company. This is an increase of 801% compared to the typical volume of 347 put options.
Potash Co. of Saskatchewan (NYSE:POT) opened at $19.65 on Friday. The firm has a market cap of $16,509.22, a P/E ratio of 39.30, a price-to-earnings-growth ratio of 4.80 and a beta of 0.45. Potash Co. of Saskatchewan has a 12-month low of $15.74 and a 12-month high of $20.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.50.
Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) last posted its quarterly earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.03 billion. Potash Co. of Saskatchewan had a return on equity of 5.01% and a net margin of 10.21%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. sell-side analysts anticipate that Potash Co. of Saskatchewan will post 0.63 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of POT. San Francisco Sentry Investment Group CA bought a new position in shares of Potash Co. of Saskatchewan in the second quarter worth approximately $104,000. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Potash Co. of Saskatchewan by 5,642.7% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 7,523 shares of the fertilizer maker’s stock worth $143,000 after acquiring an additional 7,392 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Potash Co. of Saskatchewan during the third quarter worth $150,000. Bessemer Group Inc. boosted its position in shares of Potash Co. of Saskatchewan by 126.8% during the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock worth $162,000 after acquiring an additional 5,530 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Potash Co. of Saskatchewan during the second quarter worth $174,000. Institutional investors and hedge funds own 59.83% of the company’s stock.
About Potash Co. 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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