Point72 Asset Management LP Has Trimmed By $13.14 Million Its Potash Sask (POT) Position; DNB ASA ORD (DNBHF) Shorts Lowered By 6.77%

December 7, 2017 - By wolcottdaily

Point72 Asset Management Lp decreased Potash Corp Sask Inc (POT) stake by 85.25% reported in 2017Q2 SEC filing. Point72 Asset Management Lp sold 821,300 shares as Potash Corp Sask Inc (POT)’s stock declined 11.27%. The Point72 Asset Management Lp holds 142,100 shares with $2.32M value, down from 963,400 last quarter. Potash Corp Sask Inc now has $16.02 billion valuation. The stock increased 1.45% or $0.27 during the last trading session, reaching $18.91. About 3.52M shares traded. Potash Corporation of Saskatchewan Inc. (NYSE:POT) has risen 0.06% since December 7, 2016 and is uptrending. It has underperformed by 16.64% the S&P500.

DNB ASA ORD (OTCMKTS:DNBHF) had a decrease of 6.77% in short interest. DNBHF’s SI was 2.79 million shares in December as released by FINRA. Its down 6.77% from 3.00 million shares previously. With 1,100 avg volume, 2539 days are for DNB ASA ORD (OTCMKTS:DNBHF)’s short sellers to cover DNBHF’s short positions. The stock increased 0.39% or $0.07 during the last trading session, reaching $17.88. About 9,216 shares traded or 1128.80% up from the average. DNB ASA (OTCMKTS:DNBHF) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await Potash Corporation of Saskatchewan Inc. (NYSE:POT) to report earnings on January, 25. They expect $0.07 earnings per share, 0.00% or $0.00 from last year’s $0.07 per share. POT’s profit will be $59.28M for 67.54 P/E if the $0.07 EPS becomes a reality. After $0.09 actual earnings per share reported by Potash Corporation of Saskatchewan Inc. for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

Point72 Asset Management Lp increased Devon Energy Corp New (NYSE:DVN) stake by 553,736 shares to 1.10 million valued at $35.03M in 2017Q2. It also upped Snap Inc (Put) stake by 995,000 shares and now owns 1.00M shares. Bristol Myers Squibb Co (Put) (NYSE:BMY) was raised too.

Among 24 analysts covering Potash Corp (NYSE:POT), 12 have Buy rating, 5 Sell and 7 Hold. Therefore 50% are positive. Potash Corp had 73 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, May 31. The firm has “Underperform” rating by Cowen & Co given on Friday, December 9. The firm has “Underweight” rating given on Friday, March 11 by Atlantic Securities. BMO Capital Markets maintained it with “Hold” rating and $1700 target in Thursday, July 6 report. On Tuesday, April 19 the stock rating was downgraded by Barclays Capital to “Underperform”. Cowen & Co maintained the shares of POT in report on Wednesday, August 30 with “Hold” rating. The firm has “Neutral” rating by Atlantic Securities given on Monday, October 31. The rating was downgraded by HSBC on Monday, April 11 to “Hold”. IBC downgraded the shares of POT in report on Monday, April 4 to “Sector Performer” rating. The rating was upgraded by Susquehanna to “Positive” on Monday, September 26.

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