Cubist Systematic Strategies LLC Lowers Stock Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Cubist Systematic Strategies LLC reduced its position in Compass Minerals International, Inc. (NYSE:CMP) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,085 shares of the basic materials company’s stock after selling 26,770 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Compass Minerals International were worth $2,881,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CMP. Barclays PLC boosted its stake in Compass Minerals International by 76.7% in the third quarter. Barclays PLC now owns 92,803 shares of the basic materials company’s stock worth $1,116,000 after buying an additional 40,288 shares in the last quarter. Tsfg LLC bought a new stake in shares of Compass Minerals International in the 4th quarter worth approximately $28,000. Ballentine Partners LLC boosted its stake in shares of Compass Minerals International by 3.6% in the 4th quarter. Ballentine Partners LLC now owns 21,559 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 748 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Compass Minerals International by 5.7% during the 4th quarter. Inspire Investing LLC now owns 40,527 shares of the basic materials company’s stock valued at $456,000 after purchasing an additional 2,201 shares during the last quarter. Finally, Lightrock Netherlands B.V. purchased a new position in Compass Minerals International in the 4th quarter worth $6,394,000. 99.78% of the stock is currently owned by institutional investors.

Compass Minerals International Trading Up 4.6 %

Shares of CMP opened at $18.79 on Friday. The firm has a fifty day simple moving average of $11.19 and a two-hundred day simple moving average of $12.12. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $19.20. The stock has a market capitalization of $779.86 million, a P/E ratio of -4.76 and a beta of 0.95. 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 (NYSE:CMP) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.24. The company had revenue of $494.60 million for the quarter, compared to analysts’ expectations of $413.96 million. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The firm’s revenue was up 35.9% compared to the same quarter last year. On average, research analysts anticipate that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Wall Street Analyst Weigh In

CMP has been the subject of several analyst reports. StockNews.com upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and increased their target price for the company from $13.00 to $15.00 in a report on Wednesday, February 12th. Finally, BMO Capital Markets decreased 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.

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.