Compass Minerals International, Inc. (NYSE:CMP) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its position in Compass Minerals International, Inc. (NYSE:CMP) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,527 shares of the basic materials company’s stock after acquiring an additional 2,201 shares during the quarter. Inspire Investing LLC owned 0.10% of Compass Minerals International worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMP. Michelson Medical Research Foundation Inc. acquired a new position in Compass Minerals International in the third quarter valued at $6,070,000. SW Investment Management LLC acquired a new position in Compass Minerals International in the second quarter valued at $3,099,000. Bank of Montreal Can raised its position in Compass Minerals International by 127.5% in the third quarter. Bank of Montreal Can now owns 525,097 shares of the basic materials company’s stock valued at $6,506,000 after purchasing an additional 294,333 shares during the period. Invenomic Capital Management LP raised its position in Compass Minerals International by 23.9% in the third quarter. Invenomic Capital Management LP now owns 969,085 shares of the basic materials company’s stock valued at $11,648,000 after purchasing an additional 186,717 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Compass Minerals International in the second quarter valued at about $1,274,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Analyst Ratings Changes

Separately, BMO Capital Markets cut their price objective on Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 18th.

Compass Minerals International Trading Up 1.7 %

NYSE:CMP opened at $13.41 on Friday. The business’s 50-day moving average is $13.07 and its two-hundred day moving average is $11.99. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.71 and a quick ratio of 0.80. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $23.99. The firm has a market capitalization of $555.89 million, a PE ratio of -2.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.21.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, December 16th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.82). Compass Minerals International had a negative return on equity of 2.15% and a negative net margin of 19.24%. The business had revenue of $208.80 million for the quarter, compared to analysts’ expectations of $323.61 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue was down 38.9% compared to the same quarter last year. Research analysts predict that Compass Minerals International, Inc. will post 0.33 earnings per share for the current fiscal year.

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.