Geode Capital Management LLC Boosts Stake in Compass Minerals International, Inc. (NYSE:CMP)

Geode Capital Management LLC lifted its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 782,811 shares of the basic materials company’s stock after purchasing an additional 6,062 shares during the period. Geode Capital Management LLC’s holdings in Compass Minerals International were worth $9,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CMP. Signaturefd LLC increased its position in shares of Compass Minerals International by 629.4% in the third quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after buying an additional 2,077 shares in the last quarter. Denver PWM LLC purchased a new stake in Compass Minerals International in the 2nd quarter worth $29,000. Nisa Investment Advisors LLC raised its position in Compass Minerals International by 247.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 2,928 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Compass Minerals International during the second quarter valued at $45,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Compass Minerals International in the second quarter valued at about $46,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Stock Up 3.9 %

CMP stock opened at $11.25 on Thursday. The firm has a market cap of $466.35 million, a PE ratio of -2.74 and a beta of 1.17. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $25.52. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90. The firm’s 50 day moving average price is $13.14 and its 200-day moving average price is $11.77.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, December 16th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.82). Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. The firm had revenue of $208.80 million during the quarter, compared to analysts’ expectations of $323.61 million. During the same period in the previous year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was down 38.9% compared to the same quarter last year. On average, equities research analysts anticipate that Compass Minerals International, Inc. will post 0.04 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. BMO Capital Markets lowered their price target on Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 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 given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.50.

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.