Aperio Group LLC cut its stake in Mosaic Company (The) (NYSE:MOS) by 34.7% during the second quarter, Holdings Channel reports. The fund owned 108,015 shares of the basic materials company’s stock after selling 57,311 shares during the period. Aperio Group LLC’s holdings in Mosaic Company (The) were worth $2,466,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of MOS. Turner Investments LLC acquired a new stake in shares of Mosaic Company (The) during the first quarter valued at $158,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Mosaic Company (The) by 878.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,007 shares of the basic materials company’s stock valued at $175,000 after buying an additional 5,393 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Mosaic Company (The) by 3.6% in the first quarter. Pacer Advisors Inc. now owns 6,779 shares of the basic materials company’s stock valued at $198,000 after buying an additional 234 shares during the last quarter. CrestPoint Capital Management LLC acquired a new stake in shares of Mosaic Company (The) during the second quarter valued at $208,000. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of Mosaic Company (The) during the first quarter valued at $211,000. Hedge funds and other institutional investors own 82.40% of the company’s stock.
Shares of Mosaic Company (NYSE MOS) traded down 2.17% during mid-day trading on Monday, reaching $22.09. The company’s stock had a trading volume of 1,783,104 shares. The stock has a 50 day moving average of $23.32 and a 200-day moving average of $26.87. The stock has a market cap of $7.75 billion, a P/E ratio of 52.60 and a beta of 1.24. Mosaic Company has a one year low of $21.78 and a one year high of $34.36.
Mosaic Company (The) (NYSE:MOS) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Mosaic Company (The) had a return on equity of 3.31% and a net margin of 2.07%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that Mosaic Company will post $1.07 EPS for the current fiscal year.
MOS has been the topic of several recent analyst reports. Zacks Investment Research upgraded Mosaic Company (The) from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub upgraded Mosaic Company (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BMO Capital Markets set a $26.00 price target on Mosaic Company (The) and gave the stock a “hold” rating in a report on Saturday, May 6th. Royal Bank Of Canada set a $26.00 price target on Mosaic Company (The) and gave the stock a “hold” rating in a report on Saturday, June 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $27.00 price target on shares of Mosaic Company (The) in a report on Friday, July 14th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.38.
In other news, Director Nancy E. Cooper sold 1,100 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $23.39, for a total transaction of $25,729.00. Following the sale, the director now owns 8,260 shares of the company’s stock, valued at $193,201.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.
About Mosaic Company (The)
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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