DRW Securities LLC Makes New $264,000 Investment in Compass Minerals International, Inc. (NYSE:CMP)

DRW Securities LLC purchased a new position in shares of Compass Minerals International, Inc. (NYSE:CMP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,991 shares of the basic materials company’s stock, valued at approximately $264,000.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in 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 acquiring an additional 2,077 shares during the period. Denver PWM LLC purchased a new stake in shares of Compass Minerals International in the 2nd quarter worth approximately $29,000. Ridgewood Investments LLC bought a new position in shares of Compass Minerals International during the second quarter valued at approximately $37,000. Nisa Investment Advisors LLC boosted its stake 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 purchasing an additional 2,928 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Compass Minerals International in the second quarter worth approximately $45,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a $20.00 target price on shares of Compass Minerals International in a research report 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 assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.00.

Compass Minerals International Price Performance

NYSE CMP opened at $15.70 on Thursday. Compass Minerals International, Inc. has a 12-month low of $7.51 and a 12-month high of $27.25. The firm’s fifty day simple moving average is $12.88 and its two-hundred day simple moving average is $11.75. The company has a current ratio of 2.90, a quick ratio of 0.74 and a debt-to-equity ratio of 2.47. The firm has a market capitalization of $650.77 million, a P/E ratio of -3.78 and a beta of 1.10.

Compass Minerals International (NYSE:CMP) last announced 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). 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 analysts’ expectations of $201.86 million. Analysts forecast that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal 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.