Jag Capital Management LLC acquired a new stake in shares of Mosaic Co (NYSE:MOS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 55,450 shares of the basic materials company’s stock, valued at approximately $1,514,000.

A number of other large investors also recently made changes to their positions in MOS. Bank of New York Mellon Corp raised its stake in Mosaic by 49.0% during the third quarter. Bank of New York Mellon Corp now owns 7,254,320 shares of the basic materials company’s stock valued at $235,621,000 after buying an additional 2,385,147 shares during the last quarter. Renaissance Technologies LLC raised its stake in Mosaic by 611.5% during the third quarter. Renaissance Technologies LLC now owns 540,000 shares of the basic materials company’s stock valued at $17,539,000 after buying an additional 464,100 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Mosaic by 2.2% during the third quarter. The Manufacturers Life Insurance Company now owns 360,280 shares of the basic materials company’s stock valued at $11,701,000 after buying an additional 7,608 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Mosaic by 13.9% in the third quarter. Pacer Advisors Inc. now owns 18,517 shares of the basic materials company’s stock worth $601,000 after purchasing an additional 2,254 shares during the last quarter. Finally, Rampart Investment Management Company LLC raised its stake in shares of Mosaic by 444.8% in the third quarter. Rampart Investment Management Company LLC now owns 19,509 shares of the basic materials company’s stock worth $114,460,000 after purchasing an additional 15,928 shares during the last quarter. Institutional investors and hedge funds own 78.40% of the company’s stock.

NYSE:MOS traded down $0.17 during mid-day trading on Monday, hitting $26.63. 3,459,682 shares of the company traded hands, compared to its average volume of 3,942,598. Mosaic Co has a one year low of $24.81 and a one year high of $37.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 1.71. The firm has a market capitalization of $10.33 billion, a PE ratio of 12.56, a P/E/G ratio of 1.66 and a beta of 1.46.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Monday, February 25th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.20. Mosaic had a return on equity of 7.71% and a net margin of 4.90%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company posted ($1.23) earnings per share. Mosaic’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities analysts forecast that Mosaic Co will post 2.32 earnings per share for the current fiscal year.

MOS has been the subject of several recent analyst reports. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Monday, January 21st. Cleveland Research cut Mosaic from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Credit Suisse Group restated a “hold” rating and issued a $30.00 price target on shares of Mosaic in a research note on Monday, February 4th. Citigroup cut Mosaic from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $27.50 in a research note on Friday, March 29th. Finally, UBS Group set a $40.00 price target on Mosaic and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.53.

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Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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