Compass Minerals International, Inc. (NYSE:CMP) Shares Purchased by SailingStone Capital Partners LLC

SailingStone Capital Partners LLC raised its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,427,142 shares of the basic materials company's stock after acquiring an additional 652,129 shares during the quarter. Compass Minerals International makes up 20.6% of SailingStone Capital Partners LLC's investment portfolio, making the stock its biggest holding. SailingStone Capital Partners LLC owned about 13.09% of Compass Minerals International worth $61,055,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Shay Capital LLC purchased a new position in Compass Minerals International in the 4th quarter valued at approximately $330,000. Sherbrooke Park Advisers LLC purchased a new position in Compass Minerals International in the fourth quarter valued at about $297,000. Nuveen Asset Management LLC raised its position in Compass Minerals International by 642.5% in the fourth quarter. Nuveen Asset Management LLC now owns 1,058,551 shares of the basic materials company's stock valued at $11,909,000 after purchasing an additional 915,983 shares during the period. Michelson Medical Research Foundation Inc. increased its position in shares of Compass Minerals International by 18.8% during the fourth quarter. Michelson Medical Research Foundation Inc. now owns 600,000 shares of the basic materials company's stock worth $6,750,000 after acquiring an additional 95,000 shares during the last quarter. Finally, LMR Partners LLP increased its position in shares of Compass Minerals International by 433.0% during the fourth quarter. LMR Partners LLP now owns 89,936 shares of the basic materials company's stock worth $1,012,000 after acquiring an additional 73,064 shares during the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Trading Down 1.6%

CMP opened at $19.19 on Friday. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $20.17. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. The firm's fifty day moving average is $12.13 and its two-hundred day moving average is $12.34. The firm has a market cap of $796.30 million, a PE ratio of -4.86 and a beta of 0.95.

Compass Minerals International (NYSE:CMP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.39 by $0.24. The business had revenue of $494.60 million during the quarter, compared to the consensus estimate 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 business's revenue 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 year.

Analysts Set New Price Targets

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

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.

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