GAMMA Investing LLC Grows Position in The Mosaic Company (NYSE:MOS)

GAMMA Investing LLC boosted its holdings in The Mosaic Company (NYSE:MOS) by 292.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,981 shares of the basic materials company’s stock after purchasing an additional 6,693 shares during the quarter. GAMMA Investing LLC’s holdings in Mosaic were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mosaic by 1,815.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after purchasing an additional 10,124,427 shares during the last quarter. Norges Bank purchased a new stake in Mosaic during the fourth quarter valued at about $107,893,000. Vanguard Group Inc. increased its stake in Mosaic by 5.1% during the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock worth $1,277,536,000 after acquiring an additional 1,893,797 shares during the last quarter. Boston Partners raised its holdings in shares of Mosaic by 1,795.5% in the 1st quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock worth $41,496,000 after purchasing an additional 1,211,544 shares during the period. Finally, Swedbank AB purchased a new position in shares of Mosaic in the 1st quarter worth about $37,936,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Up 2.2 %

Shares of MOS stock traded up $0.59 during mid-day trading on Tuesday, reaching $27.11. 1,498,080 shares of the company were exchanged, compared to its average volume of 4,533,818. The Mosaic Company has a fifty-two week low of $26.09 and a fifty-two week high of $42.81. 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 market capitalization of $8.72 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.59 and a beta of 1.41. The business’s 50 day simple moving average is $28.74 and its 200 day simple moving average is $30.27.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Scotiabank dropped their target price on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a research report on Monday, May 6th. Royal Bank of Canada dropped their price objective on shares of Mosaic from $32.00 to $30.00 and set a “sector perform” rating for the company in a research report on Monday, July 15th. UBS Group reduced their target price on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Mizuho lowered their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, Barclays reduced their price objective on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.54.

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.