Mosaic Co (MOS) Holdings Lifted by Gabelli Funds LLC
Gabelli Funds LLC grew its stake in shares of Mosaic Co (NYSE:MOS) by 1.4% in the 1st quarter, HoldingsChannel reports. The fund owned 105,500 shares of the basic materials company’s stock after purchasing an additional 1,500 shares during the quarter. Gabelli Funds LLC’s holdings in Mosaic were worth $2,881,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. United Asset Strategies Inc. lifted its position in Mosaic by 15.2% in the 1st quarter. United Asset Strategies Inc. now owns 119,391 shares of the basic materials company’s stock valued at $3,261,000 after purchasing an additional 15,773 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its position in Mosaic by 18.2% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 28,929 shares of the basic materials company’s stock valued at $790,000 after purchasing an additional 4,445 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Mosaic by 38.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,002,780 shares of the basic materials company’s stock valued at $27,385,000 after purchasing an additional 277,921 shares during the last quarter. Moors & Cabot Inc. lifted its position in Mosaic by 98.7% in the 1st quarter. Moors & Cabot Inc. now owns 76,074 shares of the basic materials company’s stock valued at $2,072,000 after purchasing an additional 37,788 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its position in Mosaic by 40.0% in the 1st quarter. Hussman Strategic Advisors Inc. now owns 35,000 shares of the basic materials company’s stock valued at $956,000 after purchasing an additional 10,000 shares during the last quarter. 78.88% of the stock is owned by institutional investors.
Several analysts recently weighed in on MOS shares. Berenberg Bank started coverage on shares of Mosaic in a research report on Tuesday, March 26th. They issued a “hold” rating and a $30.00 price objective on the stock. Credit Suisse Group reiterated a “hold” rating and issued a $30.00 price objective on shares of Mosaic in a research report on Monday, February 4th. Stifel Nicolaus lifted their price objective on shares of Mosaic from $31.00 to $33.00 and gave the company a “hold” rating in a research report on Tuesday, April 9th. ValuEngine downgraded shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, UBS Group set a $40.00 price objective on shares of Mosaic and gave the company a “buy” rating in a research report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Mosaic presently has an average rating of “Hold” and a consensus price target of $33.13.
Mosaic (NYSE:MOS) last released its earnings results on Monday, May 6th. The basic materials company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. Mosaic’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. As a group, research analysts forecast that Mosaic Co will post 1.63 earnings per share for the current year.
In related news, CEO James Calvin O’rourke bought 10,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $24.03 per share, with a total value of $240,300.00. Following the purchase, the chief executive officer now owns 168,345 shares in the company, valued at $4,045,330.35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Clint Freeland bought 4,250 shares of the stock in a transaction on Friday, May 10th. The shares were bought at an average cost of $23.60 per share, for a total transaction of $100,300.00. Following the purchase, the chief financial officer now owns 4,250 shares in the company, valued at approximately $100,300. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 17,339 shares of company stock worth $414,182. 0.51% of the stock is owned by corporate insiders.
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The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.
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