Gate City Capital Management LLC Has $13.04 Million Holdings in The Mosaic Company $MOS

Gate City Capital Management LLC raised its stake in The Mosaic Company (NYSE:MOS) by 157.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 541,332 shares of the basic materials company’s stock after purchasing an additional 331,415 shares during the period. Mosaic accounts for 5.6% of Gate City Capital Management LLC’s holdings, making the stock its 8th biggest holding. Gate City Capital Management LLC owned 0.17% of Mosaic worth $13,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ExodusPoint Capital Management LP bought a new stake in shares of Mosaic during the fourth quarter worth about $933,000. Magnetar Financial LLC bought a new stake in shares of Mosaic during the fourth quarter worth about $1,291,000. Aster Capital Management DIFC Ltd increased its position in shares of Mosaic by 43.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,744 shares of the basic materials company’s stock worth $90,000 after acquiring an additional 1,141 shares in the last quarter. Delta Global Management LP bought a new stake in shares of Mosaic during the fourth quarter worth about $826,000. Finally, Rakuten Investment Management Inc. increased its position in shares of Mosaic by 572.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 28,309 shares of the basic materials company’s stock worth $681,000 after acquiring an additional 24,098 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MOS has been the subject of several recent research reports. BNP Paribas Exane decreased their target price on shares of Mosaic from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Monday. Mizuho decreased their target price on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Royal Bank Of Canada raised shares of Mosaic from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from $28.00 to $27.00 in a research report on Wednesday, May 13th. Bank of America downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $30.00 in a research report on Friday, March 20th. Finally, Canadian Imperial Bank of Commerce set a $25.00 target price on shares of Mosaic in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus price target of $27.41.

Mosaic Stock Down 3.9%

Mosaic stock opened at $21.65 on Wednesday. The Mosaic Company has a fifty-two week low of $19.80 and a fifty-two week high of $38.23. The stock has a market cap of $6.87 billion, a PE ratio of 166.54, a price-to-earnings-growth ratio of 2.66 and a beta of 0.79. The firm’s 50-day simple moving average is $23.20 and its 200 day simple moving average is $25.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Research analysts predict that The Mosaic Company will post 0.83 EPS for the current fiscal year.

Mosaic Company Profile

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.