New York State Teachers Retirement System raised its position in Innophos Holdings, Inc. (NASDAQ:IPHS) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,302 shares of the specialty chemicals company’s stock after buying an additional 2,000 shares during the period. New York State Teachers Retirement System owned about 0.11% of Innophos Holdings worth $1,061,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in Innophos Holdings by 14.3% in the third quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the specialty chemicals company’s stock worth $156,000 after buying an additional 500 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Innophos Holdings by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,290 shares of the specialty chemicals company’s stock worth $167,000 after buying an additional 70 shares in the last quarter. Wells Fargo & Company MN raised its stake in Innophos Holdings by 22.0% in the third quarter. Wells Fargo & Company MN now owns 8,769 shares of the specialty chemicals company’s stock worth $342,000 after buying an additional 1,583 shares in the last quarter. Pacad Investment Ltd. raised its stake in Innophos Holdings by 295.2% in the fourth quarter. Pacad Investment Ltd. now owns 8,300 shares of the specialty chemicals company’s stock worth $434,000 after buying an additional 6,200 shares in the last quarter. Finally, HBK Investments L P purchased a new stake in Innophos Holdings during the third quarter worth about $464,000. Institutional investors and hedge funds own 92.61% of the company’s stock.
Shares of Innophos Holdings, Inc. (NASDAQ:IPHS) traded up 0.04% on Friday, reaching $45.91. 133,481 shares of the company were exchanged. The stock has a market capitalization of $885.05 million, a P/E ratio of 18.82 and a beta of 0.75. The stock has a 50 day moving average price of $51.12 and a 200-day moving average price of $49.77. Innophos Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $58.22.
Innophos Holdings (NASDAQ:IPHS) last released its quarterly earnings results on Tuesday, February 21st. The specialty chemicals company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $167.80 million for the quarter, compared to analysts’ expectations of $153.36 million. Innophos Holdings had a return on equity of 10.36% and a net margin of 4.66%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. On average, equities analysts expect that Innophos Holdings, Inc. will post $2.51 EPS for the current fiscal year.
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Separately, Zacks Investment Research lowered shares of Innophos Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, January 26th.
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. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.
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