38,374 Shares in Compass Minerals International, Inc. $CMP Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC purchased 38,374 shares of Compass Minerals International, Inc., valued at approximately $771,000, while institutional investors collectively own 99.78% of the company's stock.
• Analysts have provided mixed ratings, with price targets ranging from $18 to $22; currently, the average consensus target price for Compass Minerals is set at $20.00.
• The company reported a quarterly loss of ($0.39) earnings per share, missing estimates while showing a 5.8% increase in revenue compared to last year.

Counterpoint Mutual Funds LLC bought a new position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 38,374 shares of the basic materials company's stock, valued at approximately $771,000. Counterpoint Mutual Funds LLC owned 0.09% of Compass Minerals International as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Baader Bank Aktiengesellschaft acquired a new stake in shares of Compass Minerals International during the second quarter worth about $302,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Compass Minerals International by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company's stock worth $192,000 after purchasing an additional 858 shares during the period. Cubist Systematic Strategies LLC raised its position in Compass Minerals International by 19.4% during the first quarter. Cubist Systematic Strategies LLC now owns 305,753 shares of the basic materials company's stock valued at $2,840,000 after acquiring an additional 49,668 shares in the last quarter. Royal Bank of Canada raised its position in Compass Minerals International by 10.5% during the first quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company's stock valued at $464,000 after acquiring an additional 4,740 shares in the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. purchased a new position in Compass Minerals International during the first quarter valued at approximately $3,944,000. Institutional investors and hedge funds own 99.78% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CMP shares. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $18.00 price target (up from $15.00) on shares of Compass Minerals International in a research report on Wednesday, August 13th. Zacks Research upgraded Compass Minerals International to a "hold" rating in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $22.00 price target (up from $14.00) on shares of Compass Minerals International in a research report on Monday, June 23rd. Finally, Wall Street Zen cut Compass Minerals International from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $20.00.

Compass Minerals International Stock Performance

NYSE CMP opened at $18.23 on Tuesday. The stock has a market cap of $760.01 million, a PE ratio of -6.24 and a beta of 1.07. The company has a current ratio of 2.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.30. Compass Minerals International, Inc. has a twelve month low of $8.60 and a twelve month high of $22.69. The stock has a fifty day simple moving average of $19.57 and a 200-day simple moving average of $17.01.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.26). The business had revenue of $214.60 million for the quarter, compared to analysts' expectations of $208.60 million. Compass Minerals International had a negative return on equity of 16.70% and a negative net margin of 9.87%.The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. Equities analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

About Compass Minerals International

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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