SummerHaven Investment Management LLC Acquires 1,233 Shares of Compass Minerals International, Inc. (NYSE:CMP)

SummerHaven Investment Management LLC boosted its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,947 shares of the basic materials company’s stock after purchasing an additional 1,233 shares during the period. SummerHaven Investment Management LLC’s holdings in Compass Minerals International were worth $687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Denver PWM LLC lifted its stake in Compass Minerals International by 25.8% in the fourth quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 967 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Compass Minerals International by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,063 shares of the basic materials company’s stock worth $429,000 after purchasing an additional 983 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of Compass Minerals International by 7.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 20,540 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 1,340 shares in the last quarter. Ironwood Investment Management LLC boosted its stake in shares of Compass Minerals International by 6.2% during the 4th quarter. Ironwood Investment Management LLC now owns 29,842 shares of the basic materials company’s stock valued at $336,000 after purchasing an additional 1,738 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Compass Minerals International by 35.9% during the fourth quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company’s stock valued at $81,000 after buying an additional 1,900 shares during the period. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Stock Performance

Compass Minerals International stock opened at $19.28 on Thursday. The stock’s 50 day moving average is $15.59 and its 200 day moving average is $13.11. The company has a market capitalization of $800.20 million, a P/E ratio of -4.88 and a beta of 1.11. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $20.96. 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 issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.24. The firm had revenue of $494.60 million during the quarter, compared to the consensus estimate of $413.96 million. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. Compass Minerals International’s revenue was up 35.9% compared to the same quarter last year. On average, equities research analysts predict that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on CMP shares. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $13.00 to $15.00 in a report on Wednesday, February 12th. Wall Street Zen upgraded Compass Minerals International from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, BMO Capital Markets raised their price objective on Compass Minerals International from $15.00 to $20.00 and gave the company a “market perform” rating in a research report on Monday, May 12th.

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.