Inspire Investing LLC Sells 17,842 Shares of Compass Minerals International, Inc. $CMP

Inspire Investing LLC cut its holdings in shares of Compass Minerals International, Inc. (NYSE:CMPFree Report) by 48.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,364 shares of the basic materials company’s stock after selling 17,842 shares during the period. Inspire Investing LLC’s holdings in Compass Minerals International were worth $389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Compass Minerals International by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 858 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Compass Minerals International by 37.6% during the second quarter. Public Employees Retirement System of Ohio now owns 3,967 shares of the basic materials company’s stock worth $80,000 after purchasing an additional 1,084 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Compass Minerals International by 9.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 12,959 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 1,098 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in Compass Minerals International by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 75,155 shares of the basic materials company’s stock worth $1,510,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Compass Minerals International by 3.2% in the first quarter. Envestnet Asset Management Inc. now owns 49,191 shares of the basic materials company’s stock valued at $457,000 after acquiring an additional 1,535 shares during the last quarter. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Stock Performance

NYSE CMP opened at $19.55 on Thursday. The company’s 50 day moving average is $19.08 and its 200-day moving average is $17.97. Compass Minerals International, Inc. has a 12-month low of $8.60 and a 12-month high of $22.69. The company has a quick ratio of 1.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.30. The firm has a market cap of $814.96 million, a P/E ratio of -6.69 and a beta of 1.11.

Compass Minerals International (NYSE:CMPGet Free Report) last posted its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.26). Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The business had revenue of $214.60 million during the quarter, compared to the consensus estimate of $208.60 million. During the same period last year, the firm earned ($1.05) EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Compass Minerals International has set its FY 2025 guidance at EPS. Sell-side analysts predict that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $18.00 target price (up from $15.00) on shares of Compass Minerals International in a research note on Wednesday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a research note on Wednesday, October 8th. Zacks Research cut shares of Compass Minerals International from a “hold” rating to a “strong sell” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $22.00 target price (up from $14.00) on shares of Compass Minerals International in a research note on Monday, June 23rd. Finally, Wall Street Zen cut shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $20.00.

Read Our Latest Research Report on CMP

Compass Minerals International Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

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