Point72 Asia Singapore Pte. Ltd. Buys 50,664 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Point72 Asia Singapore Pte. Ltd. raised its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 1,145.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,087 shares of the basic materials company’s stock after purchasing an additional 50,664 shares during the quarter. Point72 Asia Singapore Pte. Ltd. owned approximately 0.13% of Compass Minerals International worth $662,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its position in Compass Minerals International by 629.4% in the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,077 shares during the last quarter. Denver PWM LLC acquired a new stake in shares of Compass Minerals International in the 2nd quarter valued at $29,000. Ridgewood Investments LLC acquired a new stake in shares of Compass Minerals International in the 2nd quarter valued at $37,000. Nisa Investment Advisors LLC increased its stake in shares of Compass Minerals International by 247.7% in the 3rd 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 period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Compass Minerals International in the 2nd quarter valued at $45,000. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Stock Down 1.7 %

Shares of Compass Minerals International stock opened at $15.43 on Monday. The company has a quick ratio of 0.74, a current ratio of 2.90 and a debt-to-equity ratio of 2.47. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $27.25. The business has a fifty day simple moving average of $13.15 and a 200 day simple moving average of $11.82. The stock has a market cap of $639.56 million, a PE ratio of -3.76 and a beta of 1.10.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data 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). Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The company had revenue of $202.90 million for the quarter, compared to analyst estimates of $201.86 million. Research analysts predict that Compass Minerals International, Inc. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.