Highlander Capital Management LLC Increases Stake in The Mosaic Company (NYSE:MOS)

Highlander Capital Management LLC lifted its stake in shares of The Mosaic Company (NYSE:MOS) by 515.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800 shares of the basic materials company’s stock after acquiring an additional 670 shares during the period. Highlander Capital Management LLC’s holdings in Mosaic were worth $26,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MOS. Denali Advisors LLC lifted its holdings in shares of Mosaic by 100.5% during the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 414 shares during the period. Fifth Third Bancorp increased its position in Mosaic by 4.2% during the 4th quarter. Fifth Third Bancorp now owns 11,296 shares of the basic materials company’s stock worth $404,000 after purchasing an additional 455 shares in the last quarter. AdvisorNet Financial Inc increased its position in Mosaic by 14.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,582 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 327 shares in the last quarter. Miracle Mile Advisors LLC increased its position in Mosaic by 15.5% during the 4th quarter. Miracle Mile Advisors LLC now owns 14,550 shares of the basic materials company’s stock worth $520,000 after purchasing an additional 1,950 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Mosaic during the 4th quarter worth approximately $229,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group reduced their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Piper Sandler lowered their price target on Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. Mizuho lowered their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Scotiabank lowered their price target on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating on the stock in a report on Monday, May 6th. Finally, Barclays lowered their price target on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $37.43.

Mosaic Trading Down 5.1 %

Shares of NYSE:MOS traded down $1.48 during midday trading on Friday, reaching $27.38. The company had a trading volume of 3,912,515 shares, compared to its average volume of 4,555,129. The Mosaic Company has a 1-year low of $26.54 and a 1-year high of $42.81. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16. The company has a fifty day simple moving average of $28.81 and a two-hundred day simple moving average of $30.33.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The firm’s quarterly revenue was down 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Research analysts predict that The Mosaic Company will post 2.59 earnings per share for the current year.

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.