Steelhead Partners Lowers stake in Mosaic Co (MOS)

Mosaic Co (MOS) : Steelhead Partners reduced its stake in Mosaic Co by 18.52% during the most recent quarter end. The investment management company now holds a total of 110,000 shares of Mosaic Co which is valued at $3,111,900 after selling 25,000 shares in Mosaic Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Mosaic Co makes up approximately 4.96% of Steelhead Partners’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co boosted its stake in MOS in the latest quarter, The investment management firm added 2,851 additional shares and now holds a total of 23,470 shares of Mosaic Co which is valued at $663,966. Mosaic Co makes up approx 0.01% of Northwestern Mutual Wealth Management Co’s portfolio. Vident Investment Advisory added MOS to its portfolio by purchasing 12,769 company shares during the most recent quarter which is valued at $360,469. Mosaic Co makes up approx 0.05% of Vident Investment Advisory’s portfolio.State Of Tennessee Treasury Department boosted its stake in MOS in the latest quarter, The investment management firm added 36,863 additional shares and now holds a total of 115,158 shares of Mosaic Co which is valued at $3,082,780. Mosaic Co makes up approx 0.01% of State Of Tennessee Treasury Department’s portfolio.Capital One National Association reduced its stake in MOS by selling 1,443 shares or 11.37% in the most recent quarter. The Hedge Fund company now holds 11,252 shares of MOS which is valued at $264,760. Mosaic Co makes up approx 0.02% of Capital One National Association’s portfolio.Iab Financial Bank boosted its stake in MOS in the latest quarter, The investment management firm added 2,235 additional shares and now holds a total of 23,685 shares of Mosaic Co which is valued at $580,519. Mosaic Co makes up approx 0.35% of Iab Financial Bank’s portfolio.

Mosaic Co opened for trading at $27.21 and hit $28.36 on the upside on Monday, eventually ending the session at $28.26, with a gain of 3.40% or 0.93 points. The heightened volatility saw the trading volume jump to 41,48,555 shares. Company has a market cap of $9,898 M.

On the company’s financial health, Mosaic Co reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.09. The company had revenue of $2000.00 million for the quarter, compared to analysts expectations of $1909.56 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.

Investors should note that on Oct 13, 2016, Mosaic Co announced a cash dividend of $0.2750. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.

Many Wall Street Analysts have commented on Mosaic Co. Mosaic Co was Upgraded by CLSA to ” Buy” on Nov 2, 2016. Mosaic Co was Downgraded by Susquehanna to ” Neutral” on Aug 17, 2016.

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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