Pekin Singer Strauss Asset Management Il Lowers stake in Mosaic Co (MOS)

Mosaic Co (MOS) : Pekin Singer Strauss Asset Management Il reduced its stake in Mosaic Co by 10.9% during the most recent quarter end. The investment management company now holds a total of 445,079 shares of Mosaic Co which is valued at $12,150,657 after selling 54,449 shares in Mosaic Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Mosaic Co makes up approximately 2.59% of Pekin Singer Strauss Asset Management Il’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in MOS by selling 5,355 shares or 6.25% in the most recent quarter. The Hedge Fund company now holds 80,314 shares of MOS which is valued at $2,192,572. Mosaic Co makes up approx 0.03% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Moody Lynn Lieberson sold out all of its stake in MOS during the most recent quarter. The investment firm sold 212,413 shares of MOS which is valued $5,735,151. Winslow Evans Crocker sold out all of its stake in MOS during the most recent quarter. The investment firm sold 200 shares of MOS which is valued $5,656.Next Financial Group Inc reduced its stake in MOS by selling 50 shares or 48.54% in the most recent quarter. The Hedge Fund company now holds 53 shares of MOS which is valued at $1,350.

Mosaic Co opened for trading at $27.47 and hit $28.4 on the upside on Monday, eventually ending the session at $28.32, with a gain of 3.85% or 1.05 points. The heightened volatility saw the trading volume jump to 47,55,716 shares. Company has a market cap of $9,918 M.

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 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 .Mosaic Co was Downgraded by HSBC Securities to ” Reduce” on May 23, 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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