New York State Common Retirement Fund Increases Stake in Compass Minerals International, Inc. (NYSE:CMP)

New York State Common Retirement Fund boosted its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 35.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,189 shares of the basic materials company’s stock after acquiring an additional 1,900 shares during the quarter. New York State Common Retirement Fund’s holdings in Compass Minerals International were worth $81,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its position in Compass Minerals International by 1,145.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 55,087 shares of the basic materials company’s stock valued at $662,000 after acquiring an additional 50,664 shares in the last quarter. Repertoire Partners LP purchased a new position in Compass Minerals International during the third quarter valued at approximately $1,202,000. Weiss Asset Management LP purchased a new position in Compass Minerals International during the third quarter valued at approximately $1,177,000. Barclays PLC raised its position in Compass Minerals International by 76.7% during the third quarter. Barclays PLC now owns 92,803 shares of the basic materials company’s stock valued at $1,116,000 after acquiring an additional 40,288 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Compass Minerals International during the third quarter valued at approximately $535,000. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. BMO Capital Markets dropped their price objective on Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th. StockNews.com raised Compass Minerals International from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised Compass Minerals International from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $15.00 in a report on Wednesday, February 12th.

Compass Minerals International Stock Performance

Shares of NYSE:CMP opened at $9.86 on Thursday. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.37 and a quick ratio of 1.12. The business’s 50 day moving average price is $11.90 and its 200-day moving average price is $11.99. The firm has a market capitalization of $409.35 million, a PE ratio of -2.50 and a beta of 1.27. Compass Minerals International, Inc. has a 1 year low of $7.51 and a 1 year high of $23.00.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, February 10th. The basic materials company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.50). Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. As a group, equities research analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share 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.