Tidal Investments LLC Has $242,000 Stock Position in ICL Group Ltd (NYSE:ICL)

Tidal Investments LLC cut its holdings in shares of ICL Group Ltd (NYSE:ICL) by 85.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,054 shares of the basic materials company’s stock after selling 345,133 shares during the quarter. Tidal Investments LLC’s holdings in ICL Group were worth $242,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ICL. Altshuler Shaham Ltd grew its position in ICL Group by 3.2% during the second quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company’s stock worth $189,200,000 after buying an additional 1,360,670 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of ICL Group by 2,927,153.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock worth $62,766,000 after acquiring an additional 14,635,766 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of ICL Group during the 3rd quarter worth approximately $11,967,000. Swiss National Bank increased its position in shares of ICL Group by 0.4% during the third quarter. Swiss National Bank now owns 2,306,997 shares of the basic materials company’s stock valued at $9,873,000 after purchasing an additional 8,848 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of ICL Group in the third quarter valued at $6,689,000. 13.38% of the stock is owned by institutional investors.

ICL Group Trading Up 1.8 %

Shares of ICL opened at $4.98 on Thursday. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.54 billion, a PE ratio of 16.06, a PEG ratio of 7.00 and a beta of 1.25. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $5.54. The stock has a 50 day simple moving average of $4.53 and a 200-day simple moving average of $4.35.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. During the same period in the prior year, the company posted $0.11 earnings per share. On average, sell-side analysts predict that ICL Group Ltd will post 0.35 EPS for the current fiscal year.

ICL Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.0133 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.05 annualized dividend and a yield of 1.07%. ICL Group’s dividend payout ratio is 45.16%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

About ICL Group

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. 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.