Wealthstream Advisors Inc. Makes New Investment in ICL Group Ltd (NYSE:ICL)

Wealthstream Advisors Inc. acquired a new stake in ICL Group Ltd (NYSE:ICL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 11,513 shares of the basic materials company’s stock, valued at approximately $57,000.

A number of other hedge funds also recently bought and sold shares of the stock. Meitav Investment House Ltd. raised its stake in ICL Group by 21.3% in the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock valued at $101,391,000 after buying an additional 3,606,357 shares in the last quarter. Y.D. More Investments Ltd raised its position in ICL Group by 15.1% in the 4th quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company’s stock valued at $81,334,000 after purchasing an additional 2,161,715 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of ICL Group during the third quarter worth about $11,967,000. Swiss National Bank lifted its position in ICL Group by 0.4% during the 3rd quarter. Swiss National Bank now owns 2,306,997 shares of the basic materials company’s stock worth $9,873,000 after acquiring an additional 8,848 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in ICL Group by 10.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 1,733,773 shares of the basic materials company’s stock valued at $8,564,000 after buying an additional 159,910 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ICL shares. StockNews.com raised ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Barclays upgraded ICL Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $4.00 to $6.00 in a research report on Tuesday, January 21st.

ICL Group Price Performance

Shares of NYSE ICL opened at $6.18 on Monday. 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 company’s 50-day moving average price is $5.55 and its 200 day moving average price is $4.74. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.43. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 7.10 and a beta of 1.23.

ICL Group Company Profile

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.