Hourglass Capital LLC Purchases 13,000 Shares of The Mosaic Company (NYSE:MOS)

Hourglass Capital LLC grew its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 30.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,100 shares of the basic materials company's stock after acquiring an additional 13,000 shares during the period. Hourglass Capital LLC's holdings in Mosaic were worth $1,488,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Invesco Ltd. raised its holdings in Mosaic by 29.3% during the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock worth $332,005,000 after purchasing an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Mosaic by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after acquiring an additional 2,151,426 shares during the period. Geode Capital Management LLC grew its stake in Mosaic by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock worth $218,751,000 after buying an additional 269,650 shares during the last quarter. Northern Trust Corp grew its stake in shares of Mosaic by 5.9% during the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock valued at $127,119,000 after purchasing an additional 287,493 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Mosaic by 21.7% during the fourth quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company's stock valued at $98,086,000 after purchasing an additional 711,300 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Down 1.1%

Mosaic stock traded down $0.40 during midday trading on Tuesday, reaching $37.29. The company's stock had a trading volume of 4,165,567 shares, compared to its average volume of 4,826,536. The business has a 50-day simple moving average of $34.86 and a 200-day simple moving average of $29.22. The company has a market cap of $11.83 billion, a P/E ratio of 32.15, a P/E/G ratio of 2.17 and a beta of 1.12. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.21. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the firm earned $0.65 EPS. The company's revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. CIBC increased their price target on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Oppenheimer boosted their price objective on Mosaic from $33.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group initiated coverage on Mosaic in a research note on Thursday, March 13th. They issued a "buy" rating and a $31.00 price target on the stock. BNP Paribas upgraded Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, UBS Group increased their price target on Mosaic from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.08.

Insider Buying and Selling

In other news, SVP Walter F. Precourt III sold 18,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $35.73, for a total value of $643,140.00. Following the sale, the senior vice president owned 128,546 shares in the company, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by corporate insiders.

About Mosaic

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.