Signaturefd LLC Boosts Stock Position in Compass Minerals International, Inc. (NYSE:CMP)

Signaturefd LLC raised its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 629.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,407 shares of the basic materials company’s stock after buying an additional 2,077 shares during the quarter. Signaturefd LLC’s holdings in Compass Minerals International were worth $29,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CMP. Denver PWM LLC bought a new position in Compass Minerals International in the 2nd quarter worth about $29,000. Ridgewood Investments LLC bought a new position in shares of Compass Minerals International in the second quarter worth approximately $37,000. PNC Financial Services Group Inc. grew its holdings in shares of Compass Minerals International by 117.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,391 shares of the basic materials company’s stock valued at $111,000 after buying an additional 2,376 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Compass Minerals International during the second quarter valued at approximately $45,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Compass Minerals International in the 2nd quarter worth approximately $46,000. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Stock Down 0.5 %

NYSE CMP opened at $12.92 on Thursday. The stock’s 50-day moving average price is $11.02 and its 200-day moving average price is $11.69. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $534.04 million, a P/E ratio of -3.15 and a beta of 1.11. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $27.25.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.34). The firm had revenue of $202.90 million during the quarter, compared to the consensus estimate of $201.86 million. Compass Minerals International had a positive return on equity of 4.53% and a negative net margin of 14.81%. On average, equities research analysts predict that Compass Minerals International, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CMP. BMO Capital Markets restated a “market perform” rating and set a $20.00 target price on shares of Compass Minerals International in a research note on Wednesday, September 18th. StockNews.com raised Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.00.

Compass Minerals International Company 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.