New Mexico Educational Retirement Board lowered its position in Mosaic Company (The) (NYSE:MOS) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,600 shares of the basic materials company’s stock after selling 2,900 shares during the period. New Mexico Educational Retirement Board’s holdings in Mosaic Company (The) were worth $787,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Cleararc Capital Inc. raised its position in shares of Mosaic Company (The) by 0.3% in the first quarter. Cleararc Capital Inc. now owns 8,543 shares of the basic materials company’s stock worth $249,000 after buying an additional 29 shares during the last quarter. Great Lakes Advisors LLC raised its position in shares of Mosaic Company (The) by 0.7% in the first quarter. Great Lakes Advisors LLC now owns 16,994 shares of the basic materials company’s stock worth $496,000 after buying an additional 119 shares during the last quarter. Investment Centers of America Inc. raised its position in shares of Mosaic Company (The) by 1.7% in the first quarter. Investment Centers of America Inc. now owns 8,121 shares of the basic materials company’s stock worth $238,000 after buying an additional 132 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Mosaic Company (The) by 0.4% in the second quarter. CIBC Asset Management Inc now owns 37,157 shares of the basic materials company’s stock worth $848,000 after buying an additional 149 shares during the last quarter. Finally, Bank of Hawaii raised its position in shares of Mosaic Company (The) by 0.5% in the first quarter. Bank of Hawaii now owns 36,209 shares of the basic materials company’s stock worth $1,057,000 after buying an additional 180 shares during the last quarter. 80.64% of the stock is currently owned by institutional investors.

Mosaic Company (NYSE MOS) opened at 20.16 on Wednesday. The company has a market cap of $7.08 billion, a P/E ratio of 48.00 and a beta of 1.24. Mosaic Company has a 52 week low of $19.77 and a 52 week high of $34.36. The firm has a 50-day moving average price of $22.93 and a 200-day moving average price of $26.16. Mosaic Company (The) also was the recipient of unusually large options trading on Tuesday. Traders acquired 574 call options on the stock. This represents an increase of approximately 160% compared to the typical volume of 221 call options.

Mosaic Company (The) (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a return on equity of 3.31% and a net margin of 2.07%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the business earned $0.06 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Mosaic Company will post $1.07 EPS for the current fiscal year.

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A number of research firms recently commented on MOS. Royal Bank Of Canada set a $26.00 price target on Mosaic Company (The) and gave the company a “hold” rating in a research report on Saturday, June 10th. Citigroup Inc. lowered their price target on Mosaic Company (The) from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, July 12th. BMO Capital Markets set a $26.00 price target on Mosaic Company (The) and gave the company a “hold” rating in a research report on Saturday, May 6th. BidaskClub lowered Mosaic Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Credit Suisse Group reissued a “sell” rating and issued a $19.00 price target on shares of Mosaic Company (The) in a research report on Friday, May 5th. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.36.

About Mosaic Company (The)

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. 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.

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Institutional Ownership by Quarter for Mosaic Company (The) (NYSE:MOS)

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