Foundation Resource Management Has Boosted Stake in Mosaic (MOS) by $6.77 Million as Share Price Declined; Centerstate Banks (CSFL) Holder Jacobus Wealth Management Lowered Stake by $1.03 Million as Market Value Declined

February 18, 2018 - By Richard Conner

Jacobus Wealth Management Inc decreased its stake in Centerstate Banks Inc (CSFL) by 11.59% based on its latest 2017Q3 regulatory filing with the SEC. Jacobus Wealth Management Inc sold 39,554 shares as the company’s stock declined 3.63% while stock markets rallied. The institutional investor held 301,716 shares of the finance company at the end of 2017Q3, valued at $8.09M, down from 341,270 at the end of the previous reported quarter. Jacobus Wealth Management Inc who had been investing in Centerstate Banks Inc for a number of months, seems to be less bullish one the $2.26 billion market cap company. The stock increased 0.96% or $0.26 during the last trading session, reaching $27.43. About 943,725 shares traded or 62.39% up from the average. CenterState Bank Corporation (NASDAQ:CSFL) has risen 57.47% since February 18, 2017 and is uptrending. It has outperformed by 40.77% the S&P500.

Foundation Resource Management Inc increased its stake in Mosaic (MOS) by 52.88% based on its latest 2017Q3 regulatory filing with the SEC. Foundation Resource Management Inc bought 322,267 shares as the company’s stock declined 29.59% while stock markets rallied. The institutional investor held 931,703 shares of the agricultural chemicals company at the end of 2017Q3, valued at $20.12 million, up from 609,436 at the end of the previous reported quarter. Foundation Resource Management Inc who had been investing in Mosaic for a number of months, seems to be bullish on the $9.80B market cap company. The stock decreased 1.66% or $0.43 during the last trading session, reaching $25.43. About 6.26M shares traded or 23.24% up from the average. The Mosaic Company (NYSE:MOS) has declined 7.87% since February 18, 2017 and is downtrending. It has underperformed by 24.57% the S&P500.

Among 24 analysts covering The Mosaic Company (NYSE:MOS), 6 have Buy rating, 2 Sell and 16 Hold. Therefore 25% are positive. The Mosaic Company had 85 analyst reports since July 22, 2015 according to SRatingsIntel. On Monday, December 12 the stock rating was downgraded by Scotia Capital to “Sector Underperform”. The company was maintained on Wednesday, October 21 by RBC Capital Markets. The rating was maintained by Cowen & Co on Wednesday, August 9 with “Hold”. Atlantic Securities downgraded the shares of MOS in report on Friday, March 11 to “Underweight” rating. The stock of The Mosaic Company (NYSE:MOS) earned “Neutral” rating by Atlantic Securities on Tuesday, May 9. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, August 2. The firm has “Outperform” rating by CLSA given on Wednesday, February 8. On Tuesday, January 23 the stock rating was maintained by Bernstein with “Buy”. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, July 12. The rating was maintained by RBC Capital Markets with “Hold” on Monday, October 16.

Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.34, from 0.9 in 2017Q2. It improved, as 36 investors sold MOS shares while 129 reduced holdings. 47 funds opened positions while 157 raised stakes. 258.00 million shares or 0.68% less from 259.77 million shares in 2017Q2 were reported. Commonwealth Equity Services invested 0% of its portfolio in The Mosaic Company (NYSE:MOS). 21,553 are owned by Kentucky Retirement Sys. Millennium Mngmt Limited Liability Company reported 47,493 shares. Moreover, Pictet Asset has 0.03% invested in The Mosaic Company (NYSE:MOS). Mitsubishi Ufj Trust & Bk Corporation reported 666,407 shares. Swiss Bancorporation invested in 1.23 million shares or 0.03% of the stock. Hudock Capital Gru Lc has 1,845 shares for 0.02% of their portfolio. Bnp Paribas Asset Mngmt Holdings invested in 221,560 shares or 0.04% of the stock. South Dakota Council has invested 0.02% in The Mosaic Company (NYSE:MOS). Torch Wealth Management Limited Liability has invested 0.32% in The Mosaic Company (NYSE:MOS). 100 were accumulated by Carroll Assocs. Alps Advsrs holds 0.36% or 2.34 million shares in its portfolio. 11,200 were reported by Macquarie Grp Ltd. Sarasin Prns Limited Liability Partnership accumulated 130,000 shares or 0.06% of the stock. Old Mutual Customised Solutions (Proprietary) has invested 0.05% in The Mosaic Company (NYSE:MOS).

Foundation Resource Management Inc, which manages about $1.98B and $603.69 million US Long portfolio, decreased its stake in Corning (NYSE:GLW) by 13,721 shares to 940,677 shares, valued at $28.15 million in 2017Q3, according to the filing. It also reduced its holding in Pfizer (NYSE:PFE) by 21,213 shares in the quarter, leaving it with 1.44 million shares, and cut its stake in Hanesbrands Inc (NYSE:HBI).

Investors sentiment decreased to 1.33 in Q3 2017. Its down 0.20, from 1.53 in 2017Q2. It turned negative, as 23 investors sold CSFL shares while 44 reduced holdings. 34 funds opened positions while 55 raised stakes. 44.95 million shares or 7.36% more from 41.87 million shares in 2017Q2 were reported. Amer Int Group Inc holds 0% or 36,167 shares in its portfolio. 18,699 are owned by Navellier Associate Inc. Ranger Investment Mgmt Limited Partnership accumulated 2.04% or 1.02M shares. Alliancebernstein Ltd Partnership invested in 0% or 63,693 shares. Martingale Asset Limited Partnership invested in 12,000 shares. Pub Employees Retirement Systems Of Ohio accumulated 0.02% or 138,500 shares. Hbk Investments LP owns 0% invested in CenterState Bank Corporation (NASDAQ:CSFL) for 7,971 shares. Ameriprise Finance Inc has invested 0.01% in CenterState Bank Corporation (NASDAQ:CSFL). Alpine Woods Investors Lc has invested 0.02% in CenterState Bank Corporation (NASDAQ:CSFL). 18,202 were reported by Federated Inc Pa. Prudential, a New Jersey-based fund reported 47,295 shares. 15,871 are owned by State Board Of Administration Of Florida Retirement Systems. Fincl Advisory Gp Incorporated reported 3,922 shares stake. Forest Hill Ltd Llc reported 488,314 shares. Clark Cap Management Grp Inc holds 75,005 shares or 0.07% of its portfolio.

Jacobus Wealth Management Inc, which manages about $844.49M and $381.97 million US Long portfolio, upped its stake in Wisdomtree Us Smallcap Div Etf (DES) by 4,890 shares to 107,348 shares, valued at $9.02 million in 2017Q3, according to the filing. It also increased its holding in Spdr S&P 500 Etf (SPY) by 1,258 shares in the quarter, for a total of 80,708 shares, and has risen its stake in Vanguard Ftse All World Ex (VEU).

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