Retirement Systems of Alabama grew its stake in shares of Mosaic Co (NYSE:MOS) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 690,432 shares of the basic materials company’s stock after purchasing an additional 1,596 shares during the period. Retirement Systems of Alabama owned approximately 0.18% of Mosaic worth $18,856,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. QUANTRES ASSET MANAGEMENT Ltd boosted its stake in Mosaic by 62.4% during the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 34,600 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 13,300 shares in the last quarter. NuWave Investment Management LLC raised its holdings in Mosaic by 15,409.3% in the first quarter. NuWave Investment Management LLC now owns 8,375 shares of the basic materials company’s stock worth $229,000 after buying an additional 8,321 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Mosaic by 7.1% in the first quarter. State of Alaska Department of Revenue now owns 103,498 shares of the basic materials company’s stock worth $2,825,000 after buying an additional 6,859 shares during the last quarter. Dorsey Wright & Associates purchased a new position in Mosaic in the first quarter worth about $1,743,000. Finally, BMT Investment Advisors raised its holdings in Mosaic by 0.9% in the first quarter. BMT Investment Advisors now owns 50,902 shares of the basic materials company’s stock worth $1,390,000 after buying an additional 471 shares during the last quarter. 78.13% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on MOS. Barclays reaffirmed a “hold” rating and issued a $28.00 target price on shares of Mosaic in a report on Thursday. Citigroup cut shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $27.50 in a report on Friday, March 29th. Zacks Investment Research cut shares of Mosaic from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Royal Bank of Canada decreased their price objective on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $33.00 to $27.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $33.80.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.86 billion. Mosaic had a net margin of 4.90% and a return on equity of 7.71%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. Equities analysts anticipate that Mosaic Co will post 2.17 earnings per share for the current year.
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 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.
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