Pine Valley Investments Ltd Liability Co Cuts Stock Position in The Mosaic Company $MOS

Pine Valley Investments Ltd Liability Co lessened its holdings in shares of The Mosaic Company (NYSE:MOS) by 99.4% during the 1st quarter, Holdings Channel reports. The firm owned 8,483 shares of the basic materials company’s stock after selling 1,501,483 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Mosaic were worth $216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MOS. NewEdge Advisors LLC grew its holdings in shares of Mosaic by 757.5% in the first quarter. NewEdge Advisors LLC now owns 11,370 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 10,044 shares in the last quarter. Verus Capital Partners LLC acquired a new stake in Mosaic during the 1st quarter worth approximately $218,000. Essential Partners LLC lifted its holdings in Mosaic by 81.0% during the 1st quarter. Essential Partners LLC now owns 3,569 shares of the basic materials company’s stock worth $91,000 after buying an additional 1,597 shares in the last quarter. Bank of America Corp DE boosted its position in Mosaic by 7.4% in the 1st quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock valued at $63,418,000 after buying an additional 170,724 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Mosaic in the 1st quarter valued at approximately $1,172,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MOS shares. HSBC cut their price objective on Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, June 18th. BMO Capital Markets lowered their target price on Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Morgan Stanley reduced their price target on Mosaic from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 30th. Zacks Research raised Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Mizuho set a $25.00 price objective on Mosaic in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target of $27.17.

Mosaic Stock Up 3.4%

Shares of NYSE MOS opened at $23.49 on Thursday. The stock has a market cap of $7.46 billion, a PE ratio of -11.63, a price-to-earnings-growth ratio of 3.06 and a beta of 0.82. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The Mosaic Company has a 52-week low of $19.80 and a 52-week high of $36.99. The business has a 50-day moving average price of $22.17 and a 200 day moving average price of $24.67.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Mosaic had a positive return on equity of 3.71% and a negative net margin of 5.21%.The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. Equities research analysts forecast that The Mosaic Company will post 0.73 earnings per share for the current year.

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.