Fosun International Ltd increased its holdings in shares of ICL Group Ltd. (NYSE:ICL) by 33.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 80,000 shares of the basic materials company’s stock after acquiring an additional 20,000 shares during the period. Fosun International Ltd’s holdings in ICL Group were worth $249,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of ICL. Marshall Wace LLP bought a new position in ICL Group in the 4th quarter valued at $36,000. CWM Advisors LLC boosted its stake in shares of ICL Group by 23.6% during the first quarter. CWM Advisors LLC now owns 18,069 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 3,448 shares during the period. First Trust Advisors LP bought a new position in shares of ICL Group in the first quarter worth about $73,000. Signaturefd LLC increased its stake in ICL Group by 465.2% in the 1st quarter. Signaturefd LLC now owns 29,459 shares of the basic materials company’s stock worth $92,000 after buying an additional 24,247 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in ICL Group by 219.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 32,243 shares of the basic materials company’s stock valued at $99,000 after buying an additional 22,146 shares in the last quarter. Institutional investors own 4.82% of the company’s stock.
NYSE:ICL traded down $0.02 during mid-day trading on Friday, reaching $3.41. The company’s stock had a trading volume of 73,217 shares. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.58. ICL Group Ltd. has a 1 year low of $2.68 and a 1 year high of $5.50. The stock has a fifty day moving average of $3.31 and a 200-day moving average of $3.97.
ICL Group (NYSE:ICL) last posted its quarterly earnings results on Tuesday, May 12th. The basic materials company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. ICL Group had a net margin of 7.65% and a return on equity of 9.60%. The business had revenue of $1.32 billion during the quarter. As a group, research analysts anticipate that ICL Group Ltd. will post 0.22 EPS for the current fiscal year.
A number of brokerages have commented on ICL. ValuEngine downgraded shares of ICL Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th. TheStreet downgraded ICL Group from a “b-” rating to a “c+” rating in a report on Thursday, February 20th. Finally, Zacks Investment Research lowered ICL Group from a “hold” rating to a “sell” rating in a research report on Friday, March 27th.
ICL Group Profile
ICL Group Ltd. operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.
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