69,593 Shares in The Mosaic Company $MOS Acquired by Redwood Investment Management LLC

Key Points

• Redwood Investment Management LLC has acquired a new stake in The Mosaic Company, purchasing 69,593 shares valued at approximately $1.88 million during the first quarter.
• Mosaic has received positive analyst ratings, with Oppenheimer raising its target price to $43.00 and the stock being rated as a "Moderate Buy" with an average price target of $36.42.
• The company reported Q2 earnings of $0.51 EPS, missing estimates, but showed a 6.7% year-over-year revenue increase, totaling $3.01 billion.

Redwood Investment Management LLC purchased a new position in The Mosaic Company (NYSE:MOS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 69,593 shares of the basic materials company's stock, valued at approximately $1,880,000.

Other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in Mosaic in the 1st quarter worth about $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Mosaic during the 1st quarter worth about $27,000. Allworth Financial LP boosted its position in 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 acquiring an additional 537 shares during the period. Heck Capital Advisors LLC acquired a new stake in Mosaic during the 4th quarter worth about $41,000. Finally, Summit Securities Group LLC acquired a new stake in Mosaic during the 1st quarter worth about $64,000. Hedge funds and other institutional investors own 77.54% of the company's stock.

Mosaic Stock Up 1.4%

Shares of Mosaic stock traded up $0.47 during trading on Thursday, hitting $33.96. 3,124,675 shares of the stock traded hands, compared to its average volume of 5,482,682. The stock has a market cap of $10.78 billion, a P/E ratio of 11.51, a PEG ratio of 1.56 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a fifty day moving average price of $34.99 and a two-hundred day moving average price of $31.33.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (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 firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. Equities research analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MOS. JPMorgan Chase & Co. raised their price objective on 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 price objective on Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Wells Fargo & Company decreased their price objective on Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, August 7th. Scotiabank decreased their price objective on Mosaic from $42.00 to $39.00 and set a "sector outperform" rating for the company in a research report on Monday, August 11th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. 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 stock. According to data from MarketBeat, Mosaic has a consensus rating of "Moderate Buy" and an average target price 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.