Why Mosaic, Vale, and Three Other Stocks Are in the Spotlight

Crude futures are well in the green this morning as the worry over a potential ‘Brexit’ diminishes. Although there is a distinct probability that Britain might leave the EU, the recent death of a pro-EU UK legislator has galvanized support for the status quo.

Among the stocks trending today amid the backdrop are Mosaic Co (NYSE:MOS), Vale SA (ADR) (NYSE:VALE), Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA), Innocoll Holdings PLC (NASDAQ:INNL), and Pembina Pipeline Corp (NYSE:PBA). Let’s take a closer look at each stock and see how elite funds are positioned among them.

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Potential Deal in the Fertilizer Sector

According to Reuters, Mosaic Co (NYSE:MOS) is in talks with Vale SA (ADR) (NYSE:VALE) to buy the company’s fertilizer unit. Although the details of the talks are unknown currently, various sources say that the value of the assets in question could garner as much as $3 billion. The deal could be financed by cash and stock or by another method. Mosaic has been seeking opportunities to buy quality assets in the beaten-up sector that might add long-term value, and Vale needs to raise liquidity to meet its $10 billion debt reduction goal by 2017. Among the funds in our database, 21 funds owned shares of Mosaic Co (NYSE:MOS) while 26 investors were long Vale SA (ADR) (NYSE:VALE) at the end of March.

Ariad Strikes Distribution Deal

Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) shares opened higher but have given up those gains amid news that the company completed two distribution agreements for Iclusig in Latin America and the Middle East/North Africa. In Latin America, ARIAD will work with Pint Pharma, which will pay ARIAD upfront and potential regulatory milestone payments of $15 million and royalties of over 50% of sales, while in the Middle East and North Africa, the company will work with Biologix FZCo, who will also pay ARIAD more than 50% of the Iclusig sales in those areas. At the end of March, 26 funds we track owned $296.02 million worth of Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA)’s stock, which accounted for 24.40% of the float, versus 29 funds and $245.94 million, respectively, a quarter earlier.

On the next page, we examine Innocoll Holdings PLC, and Pembina Pipeline Corp.

Innocoll Down on Offering

Innocoll Holdings PLC (NASDAQ:INNL) shares have plunged by over 12% after the company priced its public offering of 5,725,000 common shares and the 30-day underwriter option of an additional 858,750 shares at $7 a piece. The net proceeds payable to the company are expected to amount to $37 million. Certain officers and directors have agreed to purchase shares in the offering. The offering is expected to close on June 22, subject to customary closing conditions. Just five funds followed by Insider Monkey owned shares of Innocoll Holdings PLC (NASDAQ:INNL) at the end of March, unchanged from the previous quarter.

Pembina Pipeline Corp (NYSE:PBA)

Pembina Pipeline Corp (NYSE:PBA) is in the spotlight after the company shut an oil carrying Western pipeline in Canada’s British Columbia province. The pipeline transported around 50,000 barrels per day when it was operational and was shut down after certain weather events caused a portion of the pipeline to be exposed. It is currently uncertain when the crude-carrying pipeline will be operational again. The number of funds from our database with holdings in Pembina Pipeline Corp (NYSE:PBA) rose by seven quarter-over-quarter to 11 at the end of March.

Disclosure: none