272 Capital LP Acquires Shares of 18,832 Compass Minerals International, Inc. (NYSE:CMP)

272 Capital LP bought a new position in shares of Compass Minerals International, Inc. (NYSE:CMP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,832 shares of the basic materials company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Compass Minerals International by 3.6% during the first quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock worth $72,079,000 after acquiring an additional 160,632 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in Compass Minerals International by 0.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 860,796 shares of the basic materials company’s stock valued at $8,892,000 after buying an additional 2,167 shares in the last quarter. Bank of Montreal Can increased its position in Compass Minerals International by 127.5% during the 3rd quarter. Bank of Montreal Can now owns 525,097 shares of the basic materials company’s stock worth $6,506,000 after buying an additional 294,333 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Compass Minerals International by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 405,238 shares of the basic materials company’s stock worth $4,186,000 after buying an additional 39,383 shares in the last quarter. Finally, SW Investment Management LLC bought a new stake in shares of Compass Minerals International in the second quarter valued at about $3,099,000. 99.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMP. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $20.00 price target on shares of Compass Minerals International in a research note on Wednesday, September 18th. One 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 MarketBeat.com, Compass Minerals International presently has an average rating of “Hold” and an average price target of $31.00.

Compass Minerals International Price Performance

Shares of CMP opened at $15.43 on Friday. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $27.25. The firm has a 50 day simple moving average of $13.15 and a two-hundred day simple moving average of $11.82. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.34). Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The business had revenue of $202.90 million for the quarter, compared to analyst estimates of $201.86 million. On average, equities research analysts anticipate that Compass Minerals International, Inc. will post 0.04 EPS for the current year.

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.