Envestnet Asset Management Inc. Sells 74,383 Shares of Potash Co. of Saskatchewan (NYSE:POT)

Envestnet Asset Management Inc. lessened its stake in Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) by 79.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,361 shares of the fertilizer maker’s stock after selling 74,383 shares during the period. Envestnet Asset Management Inc.’s holdings in Potash Co. of Saskatchewan were worth $401,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Potash Co. of Saskatchewan by 14.2% in the fourth quarter. Bank of Montreal Can now owns 21,033,429 shares of the fertilizer maker’s stock valued at $434,340,000 after purchasing an additional 2,623,214 shares during the period. The Manufacturers Life Insurance Company increased its stake in Potash Co. of Saskatchewan by 30.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 9,040,825 shares of the fertilizer maker’s stock valued at $186,692,000 after purchasing an additional 2,102,357 shares during the period. Delek Group Ltd. acquired a new position in Potash Co. of Saskatchewan in the fourth quarter valued at $29,691,000. Barings LLC acquired a new position in Potash Co. of Saskatchewan in the fourth quarter valued at $19,626,000. Finally, Renaissance Technologies LLC increased its stake in Potash Co. of Saskatchewan by 418.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,164,799 shares of the fertilizer maker’s stock valued at $24,033,000 after purchasing an additional 940,299 shares during the period. 59.60% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

NYSE POT opened at $20.65 on Tuesday. Potash Co. of Saskatchewan has a one year low of $15.74 and a one year high of $21.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.50.

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Potash Co. of Saskatchewan Company Profile

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.

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

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