Invenomic Capital Management LP Has $9.44 Million Stake in Compass Minerals International, Inc. (NYSE:CMP)

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

A number of other large investors also recently modified their holdings of CMP. Deutsche Bank AG increased its stake in Compass Minerals International by 58.8% during the 4th quarter. Deutsche Bank AG now owns 29,472 shares of the basic materials company's stock valued at $332,000 after buying an additional 10,911 shares during the period. Concentric Capital Strategies LP bought a new position in shares of Compass Minerals International in the fourth quarter valued at approximately $3,937,000. Corton Capital Inc. acquired a new position in shares of Compass Minerals International during the fourth quarter valued at approximately $127,000. Caption Management LLC raised its stake in shares of Compass Minerals International by 338.5% in the 4th quarter. Caption Management LLC now owns 21,463 shares of the basic materials company's stock worth $241,000 after buying an additional 30,463 shares in the last quarter. Finally, Caxton Associates LP acquired a new stake in shares of Compass Minerals International in the fourth quarter valued at $157,000. 99.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMP has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th. BMO Capital Markets lifted their price objective on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a research note on Monday. Finally, StockNews.com upgraded shares of 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 CMP traded down $0.31 during trading hours on Friday, hitting $19.19. 632,095 shares of the company were exchanged, compared to its average volume of 811,001. 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 capitalization of $796.30 million, a PE ratio of -4.86 and a beta of 0.95. The firm has a fifty day simple moving average of $11.95 and a 200-day simple moving average of $12.30. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $20.17.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $494.60 million during the quarter, compared to analyst estimates 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 company's revenue for the quarter 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 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.