Algert Global LLC Raises Stock Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Algert Global LLC raised its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 239.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,630 shares of the basic materials company's stock after acquiring an additional 110,433 shares during the period. Algert Global LLC owned about 0.38% of Compass Minerals International worth $1,762,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMP. Tsfg LLC bought a new position in Compass Minerals International during the fourth quarter valued at approximately $28,000. Denver PWM LLC grew its holdings in shares of Compass Minerals International by 25.8% in the fourth quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company's stock worth $53,000 after purchasing an additional 967 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Compass Minerals International in the fourth quarter worth approximately $80,000. New York State Common Retirement Fund grew its holdings in shares of Compass Minerals International by 35.9% in the fourth quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company's stock worth $81,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of Compass Minerals International in the fourth quarter worth approximately $149,000. 99.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CMP shares. BMO Capital Markets raised their price target on Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a research note on Monday. JPMorgan Chase & Co. raised Compass Minerals International from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $13.00 to $15.00 in a research note on Wednesday, February 12th. Finally, StockNews.com raised Compass Minerals International from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th.

Compass Minerals International Stock Performance

Shares of CMP stock traded up $0.27 during trading hours on Tuesday, reaching $19.73. 1,448,290 shares of the company traded hands, compared to its average volume of 809,936. Compass Minerals International, Inc. has a 12-month low of $7.51 and a 12-month high of $20.17. 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 company has a market cap of $818.87 million, a P/E ratio of -4.99 and a beta of 0.95. The firm has a 50-day moving average price of $11.58 and a 200 day moving average price of $12.21.

Compass Minerals International (NYSE:CMP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.24. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The firm had revenue of $494.60 million for the quarter, compared to analysts' expectations of $413.96 million. The firm's revenue was up 35.9% on a year-over-year basis. 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.