Point72 Asia Singapore Pte. Ltd. Buys New Stake in Compass Minerals International, Inc. (NYSE:CMP)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Compass Minerals International, Inc. (NYSE:CMP) in the second quarter, HoldingsChannel.com reports. The firm purchased 4,423 shares of the basic materials company’s stock, valued at approximately $46,000.

Other large investors also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC purchased a new position in shares of Compass Minerals International during the 4th quarter valued at approximately $611,000. Yost Capital Management LP bought a new stake in Compass Minerals International during the fourth quarter valued at $4,583,000. Aristides Capital LLC bought a new position in shares of Compass Minerals International during the fourth quarter valued at approximately $249,000. Morningstar Investment Services LLC raised its position in shares of Compass Minerals International by 89.2% during the 4th quarter. Morningstar Investment Services LLC now owns 1,352,718 shares of the basic materials company’s stock worth $35,333,000 after purchasing an additional 637,883 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Compass Minerals International by 16.1% during the fourth quarter. Wellington Management Group LLP now owns 140,097 shares of the basic materials company’s stock valued at $3,547,000 after acquiring an additional 19,455 shares during the period. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Price Performance

Shares of NYSE:CMP opened at $12.02 on Tuesday. The business has a 50 day moving average price of $10.38 and a 200 day moving average price of $12.09. The company has a market cap of $496.83 million, a price-to-earnings ratio of -5.75, a PEG ratio of 1.16 and a beta of 1.10. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 2.25. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $28.70.

Analyst Ratings Changes

Several analysts recently commented on the company. BMO Capital Markets restated a “market perform” rating and issued a $20.00 target price on shares of Compass Minerals International in a research report on Wednesday, September 18th. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.00.

About Compass Minerals International

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.