910,776 ICL Group Ltd. $ICL Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. reduced its position in ICL Group Ltd. (NYSE:ICL) by 5.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,671,762 shares of the basic materials company’s stock after selling 910,776 shares during the quarter. Phoenix Financial Ltd.’s holdings in ICL Group were worth $73,660,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. bought a new position in ICL Group in the 1st quarter worth about $54,000. R Squared Ltd bought a new position in shares of ICL Group in the third quarter worth approximately $65,000. 55 North Private Wealth LLC bought a new position in shares of ICL Group in the third quarter worth approximately $75,000. Abel Hall LLC bought a new position in shares of ICL Group in the third quarter worth approximately $96,000. Finally, Altar Rock LLC purchased a new stake in ICL Group in the second quarter valued at approximately $133,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ICL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ICL Group in a research note on Thursday, October 29th. Wall Street Zen cut shares of ICL Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Finally, Barclays decreased their price target on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.00.

ICL Group Price Performance

NYSE ICL traded down $0.07 during trading hours on Friday, reaching $4.53. 1,011,677 shares of the stock traded hands, compared to its average volume of 2,295,580. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.75 and a quick ratio of 0.94. The stock has a 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $5.35. ICL Group Ltd. has a 1 year low of $4.35 and a 1 year high of $6.97. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 18.85 and a beta of 0.97.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Tuesday, November 10th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). ICL Group had a return on equity of 8.38% and a net margin of 3.99%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.13 billion. On average, analysts predict that ICL Group Ltd. will post 0.43 EPS for the current fiscal year.

About ICL Group

ICL Group Ltd. is an Israel-based specialty minerals and chemicals company. Its business draws on resources including potash, phosphate and bromine to produce products for agriculture, food, industrial and other markets. The company supplies crop nutrition products and specialty fertilizers, as well as phosphate ingredients used in food and other applications. Its industrial products include bromine-based compounds, flame retardants, water-treatment chemicals and specialty minerals. ICL also develops materials for energy storage and other advanced applications.