Concentric Capital Strategies LP Buys Shares of 349,988 Compass Minerals International, Inc. (NYSE:CMP)

Concentric Capital Strategies LP purchased a new stake in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 349,988 shares of the basic materials company's stock, valued at approximately $3,937,000. Concentric Capital Strategies LP owned approximately 0.84% of Compass Minerals International at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Lightrock Netherlands B.V. acquired a new stake in Compass Minerals International during the fourth quarter valued at $6,394,000. Icon Advisers Inc. Co. grew its position in shares of Compass Minerals International by 375.0% during the 4th quarter. Icon Advisers Inc. Co. now owns 475,000 shares of the basic materials company's stock valued at $5,344,000 after acquiring an additional 375,000 shares during the period. Kennedy Capital Management LLC purchased a new position in shares of Compass Minerals International in the 4th quarter valued at about $3,533,000. Appian Way Asset Management LP acquired a new position in Compass Minerals International in the 4th quarter worth about $2,618,000. Finally, Raymond James Financial Inc. purchased a new position in Compass Minerals International during the fourth quarter worth approximately $1,439,000. 99.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on Compass Minerals International from $18.00 to $17.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $13.00 to $15.00 in a report on Wednesday, February 12th. Finally, StockNews.com raised shares of Compass Minerals International from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th.

Compass Minerals International Price Performance

CMP stock traded up $0.83 during midday trading on Friday, reaching $18.79. The stock had a trading volume of 1,799,847 shares, compared to its average volume of 804,544. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $19.75. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67. The company's fifty day simple moving average is $11.19 and its 200 day simple moving average is $12.13. The company has a market cap of $779.86 million, a price-to-earnings ratio of -4.76 and a beta of 0.95.

Compass Minerals International (NYSE:CMP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.24. Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. The firm had revenue of $494.60 million for the quarter, compared to analyst estimates of $413.96 million. Compass Minerals International's revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts predict that Compass Minerals International, Inc. will post -0.53 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.