SummitTX Capital L.P. Purchases 34,041 Shares of The Mosaic Company $MOS

SummitTX Capital L.P. boosted its stake in The Mosaic Company (NYSE:MOS) by 131.8% in the first quarter, HoldingsChannel.com reports. The firm owned 59,874 shares of the basic materials company’s stock after buying an additional 34,041 shares during the period. SummitTX Capital L.P.’s holdings in Mosaic were worth $1,527,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MOS. Geneos Wealth Management Inc. boosted its position in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Mosaic in the 2nd quarter worth $31,000. SJS Investment Consulting Inc. increased its stake in Mosaic by 72.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock valued at $32,000 after buying an additional 525 shares during the last quarter. Gen Wealth Partners Inc bought a new stake in Mosaic during the fourth quarter worth $32,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Mosaic in the 2nd quarter worth about $34,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Down 2.2%

NYSE:MOS opened at $22.57 on Thursday. 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 firm’s 50-day moving average price is $22.18 and its 200-day moving average price is $24.81. The company has a market capitalization of $7.17 billion, a PE ratio of 173.67, a P/E/G ratio of 3.11 and a beta of 0.82. The Mosaic Company has a 1-year low of $19.80 and a 1-year high of $37.08.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the business earned $0.49 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. On average, equities analysts predict that The Mosaic Company will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Rothschild & Co Redburn assumed coverage on Mosaic in a research note on Friday, June 26th. They issued a “buy” rating and a $30.00 price objective on the stock. Wall Street Zen lowered shares of Mosaic from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. BMO Capital Markets reduced their price target on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Wells Fargo & Company decreased their price objective on Mosaic from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Finally, Morgan Stanley cut their price target on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.11.

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.