Cornerstone Capital Management Holdings LLC. raised its holdings in shares of The Mosaic Company (NYSE:MOS) by 29.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,683 shares of the basic materials company’s stock after purchasing an additional 52,864 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.07% of The Mosaic worth $5,944,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Renaissance Technologies LLC grew its stake in shares of The Mosaic by 324.4% in the 4th quarter. Renaissance Technologies LLC now owns 2,019,600 shares of the basic materials company’s stock worth $51,823,000 after acquiring an additional 1,543,700 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of The Mosaic by 26.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock worth $94,211,000 after acquiring an additional 921,345 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of The Mosaic in the 4th quarter worth $23,318,000. Global Thematic Partners LLC grew its stake in shares of The Mosaic by 49.9% in the 4th quarter. Global Thematic Partners LLC now owns 2,325,030 shares of the basic materials company’s stock worth $59,660,000 after acquiring an additional 773,747 shares in the last quarter. Finally, Impala Asset Management LLC purchased a new position in shares of The Mosaic in the 4th quarter worth about $17,184,000. Institutional investors and hedge funds own 80.88% of the company’s stock.
Shares of The Mosaic stock traded up $0.42 on Thursday, reaching $24.82. The stock had a trading volume of 3,240,395 shares, compared to its average volume of 4,927,909. The Mosaic Company has a 1 year low of $19.23 and a 1 year high of $29.20. The company has a market cap of $8,786.76, a price-to-earnings ratio of 22.77, a PEG ratio of 2.60 and a beta of 1.28. The company has a current ratio of 2.27, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.
The Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, February 19th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.91 billion. The Mosaic had a negative net margin of 1.45% and a positive return on equity of 3.90%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share. sell-side analysts predict that The Mosaic Company will post 1.38 earnings per share for the current year.
MOS has been the topic of a number of research analyst reports. JPMorgan Chase initiated coverage on shares of The Mosaic in a report on Friday, January 12th. They issued a “neutral” rating and a $26.00 price target on the stock. Stephens initiated coverage on shares of The Mosaic in a report on Friday, February 2nd. They issued an “overweight” rating on the stock. Zacks Investment Research raised shares of The Mosaic from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Monday, January 22nd. Bank of America upped their price objective on shares of The Mosaic from $20.00 to $24.00 and gave the company an “underperform” rating in a report on Wednesday, February 21st. Finally, Royal Bank of Canada upped their price objective on shares of The Mosaic from $24.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, January 12th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $25.56.
In related news, Director Kelvin R. Westbrook acquired 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $27.63 per share, for a total transaction of $33,156.00. Following the completion of the transaction, the director now owns 1,200 shares in the company, valued at $33,156. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.
COPYRIGHT VIOLATION NOTICE: “Cornerstone Capital Management Holdings LLC. Acquires 52,864 Shares of The Mosaic Company (MOS)” was first published by Macon Daily and is the sole property of of Macon Daily. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://macondaily.com/2018/04/12/cornerstone-capital-management-holdings-llc-has-5-94-million-position-in-mosaic-co-mos-updated-updated-updated.html.
The Mosaic Profile
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.
Receive News & Ratings for The Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.