PineBridge Investments L.P. increased its position in shares of Innophos Holdings Inc. (NASDAQ:IPHS) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,455 shares of the company’s stock after buying an additional 193 shares during the period. PineBridge Investments L.P.’s holdings in Innophos Holdings were worth $104,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Innophos Holdings by 9.0% in the second quarter. Vanguard Group Inc. now owns 1,560,041 shares of the company’s stock worth $65,849,000 after buying an additional 128,555 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Innophos Holdings by 1.1% in the first quarter. BlackRock Fund Advisors now owns 1,215,310 shares of the company’s stock worth $37,565,000 after buying an additional 13,104 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Innophos Holdings by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 950,278 shares of the company’s stock worth $40,111,000 after buying an additional 38,749 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Innophos Holdings by 30.8% in the first quarter. Renaissance Technologies LLC now owns 901,200 shares of the company’s stock worth $27,856,000 after buying an additional 212,200 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Innophos Holdings by 48.8% in the second quarter. JPMorgan Chase & Co. now owns 726,941 shares of the company’s stock worth $30,685,000 after buying an additional 238,275 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.
Innophos Holdings Inc. (NASDAQ:IPHS) opened at 39.36 on Friday. Innophos Holdings Inc. has a 12-month low of $22.06 and a 12-month high of $44.42. The stock has a market capitalization of $757.33 million, a P/E ratio of 30.18 and a beta of 0.81. The firm’s 50-day moving average is $39.80 and its 200 day moving average is $38.75.
Innophos Holdings (NASDAQ:IPHS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.06. Innophos Holdings had a net margin of 3.47% and a return on equity of 9.83%. The company earned $181.90 million during the quarter, compared to the consensus estimate of $199.70 million. During the same period in the prior year, the company earned $0.65 EPS. Innophos Holdings’s revenue was down 16.3% on a year-over-year basis. Equities research analysts anticipate that Innophos Holdings Inc. will post $2.44 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Innophos Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th.
In other Innophos Holdings news, Director Robert J. Zatta purchased 1,000 shares of the business’s stock in a transaction on Friday, September 9th. The stock was bought at an average cost of $40.31 per share, with a total value of $40,310.00. Following the acquisition, the director now owns 6,351 shares of the company’s stock, valued at $256,008.81. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.
Innophos Holdings Company Profile
Innophos Holdings, Inc is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. Its segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and GTSP & Other.
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