Janney Montgomery Scott LLC Lowers Stock Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Janney Montgomery Scott LLC lowered its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,513 shares of the basic materials company’s stock after selling 1,400 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Compass Minerals International were worth $197,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CMP. Michelson Medical Research Foundation Inc. purchased a new position in Compass Minerals International during the third quarter worth approximately $6,070,000. Bank of Montreal Can lifted its position in shares of Compass Minerals International by 127.5% in the third quarter. Bank of Montreal Can now owns 525,097 shares of the basic materials company’s stock valued at $6,506,000 after acquiring an additional 294,333 shares in the last quarter. Invenomic Capital Management LP lifted its position in shares of 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 acquiring an additional 186,717 shares in the last quarter. Repertoire Partners LP purchased a new position in shares of Compass Minerals International in the third quarter valued at approximately $1,202,000. Finally, Weiss Asset Management LP purchased a new position in shares of Compass Minerals International in the third quarter valued at approximately $1,177,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Compass Minerals International Price Performance

CMP stock opened at $11.51 on Friday. The business has a fifty day moving average of $12.26 and a two-hundred day moving average of $11.98. The company has a quick ratio of 0.80, a current ratio of 2.71 and a debt-to-equity ratio of 2.87. The stock has a market cap of $477.11 million, a price-to-earnings ratio of -2.21, a price-to-earnings-growth ratio of 1.17 and a beta of 1.21. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $23.59.

Compass Minerals International (NYSE:CMP) last posted its earnings results on Monday, February 10th. The basic materials company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.50). Compass Minerals International had a negative return on equity of 2.15% and a negative net margin of 19.24%. As a group, research analysts anticipate that Compass Minerals International, Inc. will post 0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CMP shares. BMO Capital Markets decreased their target price on Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday. StockNews.com upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $13.00 to $15.00 in a research report on Wednesday.

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.