84,786 Shares in The Mosaic Company $MOS Purchased by Old West Investment Management LLC

Key Points

• Old West Investment Management acquired 84,786 shares of The Mosaic Company in the second quarter, worth approximately $1.8 million. Institutional investors collectively own 77.54% of Mosaic’s outstanding stock.
• Mosaic’s latest quarterly earnings slightly exceeded expectations, with EPS of $0.13 versus a $0.12 consensus estimate, but revenue fell 6% year over year to $2.82 billion and missed estimates.
• Shares opened at $21.61, near the lower end of their 52-week range. Analysts maintain a consensus “Hold” rating with an average price target of $27.17.

Old West Investment Management LLC acquired a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 84,786 shares of the basic materials company's stock, valued at approximately $1,797,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in shares of Mosaic in the 2nd quarter valued at about $31,000. MUFG Securities EMEA plc acquired a new stake in shares of Mosaic during the second quarter worth approximately $34,000. Geneos Wealth Management Inc. grew its position in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. SJS Investment Consulting Inc. grew its position in Mosaic by 72.9% during the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 525 shares in the last quarter. Finally, Gen Wealth Partners Inc acquired a new position in Mosaic in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Price Performance

Shares of MOS opened at $21.61 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. The firm has a market cap of $6.87 billion, a PE ratio of -10.70, a PEG ratio of 3.78 and a beta of 0.82. The firm's 50 day moving average price is $22.09 and its 200 day moving average price is $24.43. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $36.99.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, research analysts expect that The Mosaic Company will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MOS has been the subject of a number of research analyst reports. BNP Paribas Exane cut their target price on shares of Mosaic from $29.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, July 1st. Wells Fargo & Company lowered their price target on shares of Mosaic from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Thursday, May 14th. Scotiabank reiterated an "outperform" rating and set a $30.00 price objective on shares of Mosaic in a report on Tuesday, May 19th. Wall Street Zen cut Mosaic from a "sell" rating to a "strong sell" rating in a research report on Sunday, July 12th. Finally, Canadian Imperial Bank of Commerce set a $25.00 target price on Mosaic in a research note on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $27.17.

About Mosaic

Mosaic Co is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. The company's primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.

Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source