Compass Minerals International, Inc. (NYSE:CMP) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP decreased its position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 838,707 shares of the basic materials company's stock after selling 130,378 shares during the quarter. Invenomic Capital Management LP owned about 2.02% of Compass Minerals International worth $9,435,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CMP. Tsfg LLC bought a new position in Compass Minerals International in the 4th quarter worth about $28,000. Denver PWM LLC raised its stake in shares of Compass Minerals International by 25.8% during the fourth quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 967 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Compass Minerals International in the fourth quarter worth about $80,000. New York State Common Retirement Fund grew its position in Compass Minerals International by 35.9% in the 4th quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company's stock valued at $81,000 after buying an additional 1,900 shares in the last quarter. Finally, Corton Capital Inc. acquired a new position in Compass Minerals International during the 4th quarter valued at about $127,000. Institutional investors own 99.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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 note on Wednesday, February 12th. JPMorgan Chase & Co. raised Compass Minerals International from a "neutral" rating to an "overweight" rating and increased their price target for the company 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 Up 4.6 %

NYSE CMP opened at $18.79 on Friday. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $19.20. The company has a market capitalization of $779.86 million, a P/E ratio of -4.76 and a beta of 0.95. The company's 50 day simple moving average is $11.19 and its 200 day simple moving average is $12.12. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.37 and a quick ratio of 1.12.

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 (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.24. The company had revenue of $494.60 million for the quarter, compared to analysts' expectations of $413.96 million. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. Equities research analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share 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.

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