ICL Group Ltd. $ICL Stock Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. lessened its holdings in ICL Group Ltd. (NYSE:ICL) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,671,762 shares of the basic materials company’s stock after selling 910,776 shares during the quarter. Phoenix Financial Ltd. owned 1.14% of ICL Group worth $73,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Cetera Investment Advisers raised its stake in shares of ICL Group by 4.1% during the 1st quarter. Cetera Investment Advisers now owns 46,335 shares of the basic materials company’s stock worth $240,000 after purchasing an additional 1,834 shares during the period. Quadrant Capital Group LLC grew its position in shares of ICL Group by 3.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 72,816 shares of the basic materials company’s stock valued at $363,000 after acquiring an additional 2,547 shares during the period. Keybank National Association OH increased its stake in shares of ICL Group by 13.3% during the 3rd quarter. Keybank National Association OH now owns 45,693 shares of the basic materials company’s stock worth $229,000 after purchasing an additional 5,352 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of ICL Group by 15.3% during the 3rd quarter. Parallel Advisors LLC now owns 44,161 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 5,868 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of ICL Group by 17.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 50,938 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 7,665 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Stock Performance

Shares of NYSE:ICL traded down $0.07 during trading on Friday, hitting $4.53. 1,011,677 shares of the company were exchanged, compared to its average volume of 2,295,580. The company has a market cap of $5.84 billion, a PE ratio of 18.85 and a beta of 0.97. The stock has a 50 day moving average of $5.04 and a 200 day moving average of $5.35. ICL Group Ltd. has a 52-week low of $4.35 and a 52-week high of $6.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.75 and a quick ratio of 0.94.

ICL Group (NYSE:ICL) last posted its quarterly earnings results on Tuesday, November 10th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.13 billion. ICL Group had a return on equity of 8.38% and a net margin of 3.99%. As a group, equities research analysts predict that ICL Group Ltd. will post 0.43 EPS for the current year.

Analyst Upgrades and Downgrades

ICL has been the subject of several research reports. Barclays reduced their price objective on ICL Group from $7.00 to $6.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. Wall Street Zen downgraded ICL Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ICL Group in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, ICL Group has an average rating of “Hold” and an average price target of $6.00.

About ICL Group

ICL Group Ltd. is an Israel-based specialty minerals and chemicals company. Its business draws on resources including potash, phosphate and bromine to produce products for agriculture, food, industrial and other markets. The company supplies crop nutrition products and specialty fertilizers, as well as phosphate ingredients used in food and other applications. Its industrial products include bromine-based compounds, flame retardants, water-treatment chemicals and specialty minerals. ICL also develops materials for energy storage and other advanced applications.