Adage Capital Partners Gp L.l.c. buys $169,049,027 stake in Mosaic Co (MOS)

Mosaic Co (MOS) : Adage Capital Partners Gp L.l.c. scooped up 1,240,400 additional shares in Mosaic Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 6,219,611 shares of Mosaic Co which is valued at $169,049,027.Mosaic Co makes up approximately 0.44% of Adage Capital Partners Gp L.l.c.’s portfolio.

Other Hedge Funds, Including , Ahl Partners Llp boosted its stake in MOS in the latest quarter, The investment management firm added 37,058 additional shares and now holds a total of 50,950 shares of Mosaic Co which is valued at $1,384,821. Mosaic Co makes up approx 0.08% of Ahl Partners Llp’s portfolio.Capital Innovations boosted its stake in MOS in the latest quarter, The investment management firm added 840 additional shares and now holds a total of 19,788 shares of Mosaic Co which is valued at $537,838. Mosaic Co makes up approx 1.50% of Capital Innovations’s portfolio.Allianz Asset Management Ag reduced its stake in MOS by selling 107,762 shares or 9.9% in the most recent quarter. The Hedge Fund company now holds 980,491 shares of MOS which is valued at $26,649,745. Mosaic Co makes up approx 0.04% of Allianz Asset Management Ag’s portfolio.Tiaa Cref Investment Management reduced its stake in MOS by selling 167,625 shares or 22.02% in the most recent quarter. The Hedge Fund company now holds 593,597 shares of MOS which is valued at $16,133,966. Mosaic Co makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Spot Trading L.l.c boosted its stake in MOS in the latest quarter, The investment management firm added 3,941 additional shares and now holds a total of 9,541 shares of Mosaic Co which is valued at $260,469. Mosaic Co makes up approx 0.03% of Spot Trading L.l.c’s portfolio.

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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