The Mosaic Company $MOS Holdings Cut by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. reduced its stake in The Mosaic Company by 43.3% in the first quarter, owning 32,169 shares following the sale of 24,612 shares.
• In contrast, several other hedge funds increased their holdings in Mosaic, with Cambridge Investment Research Advisors boosting its stake by 36.1%, now owning 56,284 shares.
• Mosaic's stock opened at $32.47, with a 1-year price range between $22.36 and $38.23 and an average target price among analysts of $36.42.

Fox Run Management L.L.C. trimmed its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 43.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,169 shares of the basic materials company's stock after selling 24,612 shares during the period. Fox Run Management L.L.C.'s holdings in Mosaic were worth $869,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MOS. NBC Securities Inc. purchased a new position in shares of Mosaic during the 1st quarter worth approximately $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Mosaic during the 1st quarter worth approximately $27,000. Allworth Financial LP increased its stake in shares of Mosaic by 102.3% during the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock worth $31,000 after purchasing an additional 537 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Mosaic during the 4th quarter worth approximately $41,000. Finally, Headlands Technologies LLC increased its stake in shares of Mosaic by 132.7% during the 1st quarter. Headlands Technologies LLC now owns 2,634 shares of the basic materials company's stock worth $71,000 after purchasing an additional 1,502 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Price Performance

MOS stock traded up $0.0350 on Wednesday, hitting $32.2750. 1,783,230 shares of the company's stock traded hands, compared to its average volume of 5,558,926. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 1.50 and a beta of 1.12. The stock has a fifty day moving average of $35.35 and a 200-day moving average of $31.08. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts forecast that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling at Mosaic

In other news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president owned 128,546 shares in the company, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MOS shares. JPMorgan Chase & Co. raised their target price on shares of Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Barclays raised their target price on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. CIBC raised their target price on shares of Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. UBS Group raised their target price on shares of Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Oppenheimer restated an "outperform" rating and set a $43.00 target price (up previously from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Mosaic currently has a consensus rating of "Moderate Buy" and an average price target of $36.42.

Mosaic Company Profile

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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.