Barclays PLC Boosts Holdings in Compass Minerals International, Inc. (NYSE:CMP)

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

A number of other hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC grew its stake in shares of Compass Minerals International by 629.4% in the third quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 2,077 shares in the last quarter. Denver PWM LLC purchased a new position in Compass Minerals International in the second quarter valued at $29,000. Nisa Investment Advisors LLC grew its stake in Compass Minerals International by 247.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 2,928 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Compass Minerals International during the 2nd quarter worth about $45,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Compass Minerals International in the 2nd quarter valued at about $46,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMP has been the subject of a number of analyst reports. BMO Capital Markets lowered their price objective on Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.50.

Compass Minerals International Price Performance

Shares of NYSE CMP opened at $10.84 on Monday. The stock’s 50-day simple moving average is $13.28 and its 200-day simple moving average is $11.78. The firm has a market capitalization of $449.35 million, a PE ratio of -2.64 and a beta of 1.17. Compass Minerals International, Inc. has a fifty-two week low of $7.51 and a fifty-two week high of $26.39. 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 released its quarterly earnings data on Monday, December 16th. The basic materials company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.82). The company had revenue of $208.80 million for the quarter, compared to analyst estimates 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 for the quarter was down 38.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. As a group, equities research analysts forecast that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal year.

Compass Minerals International Company 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.