Is Potash Corp./Saskatchewan (USA) (NYSE:POT) a sell?
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What’s more, it’s important to analyze the latest info for Potash Corp./Saskatchewan (USA) (NYSE:POT).
How have hedgies been trading Potash Corp./Saskatchewan (USA) (NYSE:POT)?
In preparation for the third quarter, a total of 21 of the hedge funds we track held long positions in this stock, a change of -9% from one quarter earlier. With hedge funds’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were upping their holdings substantially.
Judging by the fact that Potash Corp./Saskatchewan (USA) (NYSE:POT) has witnessed dropping sentiment from the entirety of the hedge funds we track, logic holds that there lies a certain “tier” of hedgies who sold off their entire stakes at the end of the second quarter. It’s worth mentioning that Guru Ramakrishnan’s Meru Capital said goodbye to the largest investment of the “upper crust” of funds we key on, valued at an estimated $11.8 million in stock, and Robert Bishop of Impala Asset Management was right behind this move, as the fund dumped about $8 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest fell by 2 funds at the end of the second quarter.
What have insiders been doing with Potash Corp./Saskatchewan (USA) (NYSE:POT)?
Bullish insider trading is most useful when the company in question has experienced transactions within the past 180 days. Over the latest six-month time period, Potash Corp./Saskatchewan (USA) (NYSE:POT) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll check out the relationship between both of these indicators in other stocks similar to Potash Corp./Saskatchewan (USA) (NYSE:POT). These stocks are CF Industries Holdings, Inc. (NYSE:CF), Agrium Inc. (USA) (NYSE:AGU), Monsanto Company (NYSE:MON), Mosaic Co (NYSE:MOS), and Syngenta AG (ADR) (NYSE:SYT). This group of stocks belong to the agricultural chemicals industry and their market caps resemble POT’s market cap.
