Compass Minerals International, Inc. (NYSE:CMP) Position Boosted by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 44.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,111 shares of the basic materials company’s stock after buying an additional 5,544 shares during the quarter. Jones Financial Companies Lllp’s holdings in Compass Minerals International were worth $204,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its holdings in Compass Minerals International by 98.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 37,378 shares of the basic materials company’s stock valued at $449,000 after purchasing an additional 18,527 shares during the last quarter. LMR Partners LLP acquired a new position in Compass Minerals International during the 3rd quarter worth about $203,000. Dynamic Technology Lab Private Ltd acquired a new position in Compass Minerals International during the 3rd quarter worth about $137,000. DRW Securities LLC bought a new stake in Compass Minerals International during the 3rd quarter worth about $264,000. Finally, Bank of Montreal Can raised its holdings in Compass Minerals International by 127.5% during 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 last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on CMP shares. JPMorgan Chase & Co. raised Compass Minerals International from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $13.00 to $15.00 in a research note on Wednesday, February 12th. BMO Capital Markets dropped their price target on Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

Compass Minerals International Stock Performance

NYSE:CMP opened at $9.96 on Friday. The stock’s 50-day simple moving average is $11.80 and its 200 day simple moving average is $12.00. The firm has a market capitalization of $413.42 million, a PE ratio of -2.52 and a beta of 1.27. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $20.24.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, February 10th. The basic materials company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.50). Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. On average, analysts anticipate that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

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.