Barclays PLC Buys 40,288 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Barclays PLC lifted its position in Compass Minerals International, Inc. (NYSE:CMP) by 76.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,803 shares of the basic materials company’s stock after acquiring an additional 40,288 shares during the quarter. Barclays PLC owned approximately 0.22% of Compass Minerals International worth $1,116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Michelson Medical Research Foundation Inc. purchased a new stake in Compass Minerals International during the third quarter worth about $6,070,000. SW Investment Management LLC purchased a new stake in shares of Compass Minerals International during the 2nd quarter worth approximately $3,099,000. Bank of Montreal Can raised its holdings in shares of Compass Minerals International by 127.5% in the 3rd quarter. Bank of Montreal Can now owns 525,097 shares of the basic materials company’s stock worth $6,506,000 after purchasing an additional 294,333 shares during the period. Invenomic Capital Management LP lifted its stake in Compass Minerals International by 23.9% in the third quarter. Invenomic Capital Management LP now owns 969,085 shares of the basic materials company’s stock valued at $11,648,000 after purchasing an additional 186,717 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in Compass Minerals International during the second quarter valued at $1,274,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Compass Minerals International Stock Up 5.2 %

Compass Minerals International stock opened at $13.04 on Tuesday. The firm has a market cap of $540.55 million, a price-to-earnings ratio of -3.18 and a beta of 1.21. The company has a current ratio of 2.90, a quick ratio of 0.74 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 $23.99. The stock has a fifty day simple moving average of $12.94 and a two-hundred day simple moving average of $11.78.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Monday, December 16th. The basic materials company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.82). The business had revenue of $208.80 million during the quarter, compared to the consensus estimate of $323.61 million. Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The firm’s revenue was down 38.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. Equities analysts predict that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

CMP has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on shares of Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, December 18th. StockNews.com raised Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th.

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.