Concentric Capital Strategies LP Makes New Investment in Compass Minerals International, Inc. (NYSE:CMP)

Concentric Capital Strategies LP bought a new stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

Compass Minerals International Price Performance

Shares of NYSE CMP traded up $0.63 during mid-day trading on Monday, reaching $19.46. 723,155 shares of the company traded hands, compared to its average volume of 803,969. The firm has a market cap of $807.58 million, a PE ratio of -4.85 and a beta of 0.95. Compass Minerals International, Inc. has a fifty-two week low of $7.51 and a fifty-two week high of $19.96. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.37 and a quick ratio of 1.12. The stock has a fifty day simple moving average of $11.19 and a 200-day simple moving average of $12.11.

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

Compass Minerals International 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.