Capstone Investment Advisors LLC Takes Position in Compass Minerals International, Inc. (NYSE:CMP)

Capstone Investment Advisors LLC purchased a new stake in shares of Compass Minerals International, Inc. (NYSE:CMP) in the 3rd quarter, Holdings Channel reports. The fund purchased 23,582 shares of the basic materials company’s stock, valued at approximately $283,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Compass Minerals International by 26.2% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 4,659 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 966 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Compass Minerals International by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,722 shares of the basic materials company’s stock valued at $516,000 after acquiring an additional 1,358 shares during the period. Inspire Investing LLC boosted its position in Compass Minerals International by 3.9% in the third quarter. Inspire Investing LLC now owns 38,326 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 1,437 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of Compass Minerals International by 2.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 66,940 shares of the basic materials company’s stock valued at $805,000 after purchasing an additional 1,482 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Compass Minerals International by 2.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,357 shares of the basic materials company’s stock valued at $1,074,000 after purchasing an additional 1,764 shares during the last quarter. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Compass Minerals International Stock Performance

Shares of NYSE CMP opened at $15.43 on Friday. The firm’s fifty day moving average is $13.15 and its two-hundred day moving average is $11.82. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $27.25. The company has a market cap of $639.57 million, a P/E ratio of -3.76 and a beta of 1.10. 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 posted its earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.34). The firm had revenue of $202.90 million during the quarter, compared to analysts’ expectations of $201.86 million. Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. As a group, analysts anticipate that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. BMO Capital Markets reissued a “market perform” rating and set a $20.00 price target on shares of Compass Minerals International in a 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 assigned a buy rating to the stock. According to MarketBeat.com, Compass Minerals International presently has an average rating of “Hold” and a consensus price target of $31.00.

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.