The Mosaic Company $MOS Stake Lifted by Gate City Capital Management LLC

Gate City Capital Management LLC raised its stake in The Mosaic Company (NYSE:MOS) by 157.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 541,332 shares of the basic materials company’s stock after acquiring an additional 331,415 shares during the quarter. Mosaic makes up 5.6% of Gate City Capital Management LLC’s holdings, making the stock its 8th biggest position. Gate City Capital Management LLC’s holdings in Mosaic were worth $13,041,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MOS. Geneos Wealth Management Inc. boosted its stake in Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Mosaic in the second quarter valued at about $31,000. Gen Wealth Partners Inc purchased a new position in Mosaic in the fourth quarter valued at about $32,000. MUFG Securities EMEA plc purchased a new position in Mosaic in the second quarter valued at about $34,000. Finally, Los Angeles Capital Management LLC purchased a new position in Mosaic in the fourth quarter valued at about $34,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Performance

NYSE MOS opened at $21.65 on Wednesday. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45. The stock has a market capitalization of $6.87 billion, a PE ratio of 166.54, a P/E/G ratio of 2.66 and a beta of 0.79. The company’s 50 day simple moving average is $23.20 and its two-hundred day simple moving average is $25.34.

Mosaic (NYSE:MOS) last posted its earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Analysts predict that The Mosaic Company will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on MOS shares. BMO Capital Markets dropped their target price on shares of Mosaic from $35.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Mizuho dropped their target price on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Wells Fargo & Company dropped their price target on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Bank of America cut shares of Mosaic from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $30.00 in a research note on Friday, March 20th. Finally, Barclays dropped their price target on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and an average target price of $27.41.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.