Barclays PLC Raises Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Barclays PLC increased its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 76.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 92,803 shares of the basic materials company’s stock after purchasing an additional 40,288 shares during the period. Barclays PLC’s holdings in Compass Minerals International were worth $1,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CMP. Signaturefd LLC boosted its holdings in shares of Compass Minerals International by 629.4% in the 3rd 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Compass Minerals International in the second quarter valued at approximately $46,000. Nisa Investment Advisors LLC grew its holdings in Compass Minerals International by 247.7% in the third quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 2,928 shares during the last quarter. Triune Financial Partners LLC acquired a new position in shares of Compass Minerals International during the third quarter worth $123,000. Finally, Inspire Advisors LLC purchased a new stake in shares of Compass Minerals International during the 2nd quarter valued at $136,000. 99.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMP has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Compass Minerals International to a “sell” rating in a research note on Wednesday, September 18th. BMO Capital Markets dropped their price objective on shares of Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, December 18th.

Compass Minerals International Price Performance

Shares of NYSE CMP opened at $13.04 on Tuesday. The firm has a 50-day simple moving average of $12.94 and a 200-day simple moving average of $11.78. The company has a quick ratio of 0.74, a current ratio of 2.90 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of $540.55 million, a price-to-earnings ratio of -3.18 and a beta of 1.21. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $23.99.

Compass Minerals International (NYSE:CMP) last issued 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). The company had revenue of $208.80 million during the quarter, compared to analyst estimates of $323.61 million. Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The firm’s revenue was down 38.9% compared to the same quarter last year. During the same period last year, the business earned $0.05 earnings per share. On average, equities analysts predict that Compass Minerals International, Inc. will post 0.04 earnings per share for the current fiscal year.

Compass Minerals International Profile

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.