GAMMA Investing LLC Buys 6,693 Shares of The Mosaic Company (NYSE:MOS)

GAMMA Investing LLC lifted its stake in The Mosaic Company (NYSE:MOS) by 292.5% during the 2nd quarter, Holdings Channel reports. The firm owned 8,981 shares of the basic materials company’s stock after acquiring an additional 6,693 shares during the period. GAMMA Investing LLC’s holdings in Mosaic were worth $260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Mosaic by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock worth $1,277,536,000 after purchasing an additional 1,893,797 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Mosaic by 1,815.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock worth $346,743,000 after acquiring an additional 10,124,427 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Mosaic by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company’s stock worth $141,829,000 after acquiring an additional 189,706 shares in the last quarter. Norges Bank bought a new position in Mosaic during the fourth quarter worth about $107,893,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Mosaic by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,963,682 shares of the basic materials company’s stock worth $70,162,000 after acquiring an additional 48,883 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Up 2.2 %

Shares of NYSE:MOS traded up $0.59 during midday trading on Tuesday, reaching $27.11. The company had a trading volume of 1,498,080 shares, compared to its average volume of 4,533,818. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average price is $28.74 and its 200 day moving average price is $30.27. The stock has a market cap of $8.72 billion, a PE ratio of 11.37, a P/E/G ratio of 1.59 and a beta of 1.41. The Mosaic Company has a 1-year low of $26.09 and a 1-year high of $42.81.

Analyst Upgrades and Downgrades

MOS has been the topic of several recent analyst reports. UBS Group reduced their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Piper Sandler reduced their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. Barclays reduced their target price on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Royal Bank of Canada reduced their target price on Mosaic from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Monday, July 15th. Finally, Mizuho cut their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $37.54.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.