Spire Wealth Management Sells 967 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Spire Wealth Management trimmed its position in Compass Minerals International, Inc. (NYSE:CMP) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,855 shares of the basic materials company’s stock after selling 967 shares during the period. Spire Wealth Management’s holdings in Compass Minerals International were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tsfg LLC purchased a new position in shares of Compass Minerals International in the 4th quarter valued at approximately $28,000. Signaturefd LLC raised its holdings 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 worth $29,000 after buying an additional 2,077 shares during the last quarter. Denver PWM LLC lifted its stake in shares of Compass Minerals International by 33.8% during the third quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock worth $45,000 after buying an additional 946 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of 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 valued at $49,000 after buying an additional 2,928 shares during the last quarter. Finally, Triune Financial Partners LLC acquired a new position in shares of Compass Minerals International in the 3rd quarter valued at $123,000. 99.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BMO Capital Markets decreased their target price on Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, December 18th.

Compass Minerals International Stock Up 2.4 %

CMP opened at $12.05 on Monday. The company has a market cap of $499.71 million, a PE ratio of -2.31, a price-to-earnings-growth ratio of 1.17 and a beta of 1.21. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $23.59. The company has a 50-day moving average price of $12.45 and a 200 day moving average price of $12.00. The company has a quick ratio of 0.80, a current ratio of 2.71 and a debt-to-equity ratio of 2.87.

Compass Minerals International (NYSE:CMP) last released 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 business had revenue of $208.80 million for the quarter, compared to analysts’ expectations of $323.61 million. Compass Minerals International had a negative return on equity of 2.15% and a negative net margin of 19.24%. Compass Minerals International’s quarterly revenue was down 38.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 EPS. Sell-side analysts expect that Compass Minerals International, Inc. will post 0.33 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.