Springowl Associates adds Mosaic Co (MOS) to its portfolio

Mosaic Co (MOS) : Springowl Associates added new position in Mosaic Co during the most recent quarter end. The investment management firm now holds 2,500 shares of Mosaic Co which is valued at $67,950 , the company said in a statement filed on Aug 15, 2016 with the SEC.Mosaic Co makes up approximately 0.42% of Springowl Associates’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital boosted its stake in MOS in the latest quarter, The investment management firm added 150,333 additional shares and now holds a total of 1,434,030 shares of Mosaic Co which is valued at $38,976,935. Mosaic Co makes up approx 0.12% of Guggenheim Capital’s portfolio.Nomura Asset Management Co Ltd boosted its stake in MOS in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 59,032 shares of Mosaic Co which is valued at $1,604,490. Mosaic Co makes up approx 0.03% of Nomura Asset Management Co Ltd’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in MOS by selling 157,636 shares or 91.47% in the most recent quarter. The Hedge Fund company now holds 14,701 shares of MOS which is valued at $424,565. Mosaic Co makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio. Parkwood sold out all of its stake in MOS during the most recent quarter. The investment firm sold 47,934 shares of MOS which is valued $1,355,574.

Mosaic Co closed down -0.9 points or -2.99% at $29.17 with 62,31,117 shares getting traded on Thursday. Post opening the session at $30, the shares hit an intraday low of $29.04 and an intraday high of $30.03 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Mosaic Co reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.12. The company had revenue of $1674.60 million for the quarter, compared to analysts expectations of $1745.86 million. The company’s revenue was down -32.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Mosaic Co. Mosaic Co was Downgraded by Susquehanna to ” Neutral” on Aug 17, 2016. Mosaic Co was Downgraded by Credit Suisse to ” Underperform” on Aug 2, 2016. Shares were Downgraded by RBC Capital Mkts on Jul 13, 2016 to ” Sector Perform” and Lowered the Price Target to $ 27 from a previous price target of $28 .

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company is a single source supplier of phosphate and potash-based crop nutrients and animal feed ingredients. It operates in two segments. The Phosphates segment owns and operates mines and production facilities in Florida which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients and processing plants in Louisiana which produce concentrated phosphate crop nutrients. The Potash segment owns and operates potash mines and production facilities in Canada and the United States which produce potash-based crop nutrients animal feed ingredients and industrial products. It mines phosphate rock in Florida and process rock into finished phosphate products at facilities in Florida and Louisiana. It also mines potash in Saskatchewan and New Mexico. The Company has other production blending or distribution operations in Brazil China India and Paraguay.

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