Newtyn Management LLC reduced its stake in shares of Compass Minerals International, Inc. (NYSE:CMP – Free Report) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 632,326 shares of the basic materials company’s stock after selling 137,674 shares during the quarter. Compass Minerals International comprises about 2.5% of Newtyn Management LLC’s investment portfolio, making the stock its 17th largest holding. Newtyn Management LLC’s holdings in Compass Minerals International were worth $19,684,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also bought and sold shares of CMP. Martingale Asset Management L P increased its stake in Compass Minerals International by 1.7% during the 4th quarter. Martingale Asset Management L P now owns 36,832 shares of the basic materials company’s stock valued at $723,000 after buying an additional 606 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Compass Minerals International by 5.2% in the 1st quarter. Quantinno Capital Management LP now owns 13,670 shares of the basic materials company’s stock worth $319,000 after acquiring an additional 674 shares during the period. Comerica Bank lifted its stake in shares of Compass Minerals International by 80.0% in the 4th quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 830 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Compass Minerals International by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after acquiring an additional 858 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Compass Minerals International by 94.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 1,076 shares in the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.
Compass Minerals International Trading Up 0.5%
NYSE:CMP opened at $24.74 on Monday. The company has a quick ratio of 0.98, a current ratio of 2.01 and a debt-to-equity ratio of 2.72. Compass Minerals International, Inc. has a 1-year low of $16.40 and a 1-year high of $34.50. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 57.53 and a beta of 1.23. The stock has a fifty day simple moving average of $28.31 and a 200 day simple moving average of $27.03.
Analyst Upgrades and Downgrades
CMP has been the topic of several recent analyst reports. Wall Street Zen cut Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings lowered Compass Minerals International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Compass Point set a $27.00 price target on Compass Minerals International in a research report on Monday, August 10th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $27.00 price objective (down from $30.00) on shares of Compass Minerals International in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $35.00 price objective on shares of Compass Minerals International in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $27.60.
Check Out Our Latest Research Report on CMP
Compass Minerals International Company Profile
Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.
Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.
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