Alpha Omega Wealth Management LLC Lowers Position in Compass Minerals International, Inc. $CMP

Key Points

• Alpha Omega Wealth Management LLC significantly reduced its stake in Compass Minerals International by 78.5% in Q2, owning only 10,354 shares worth approximately $208,000 after the sale.
• Compass Minerals recently reported an earnings loss of ($0.39) EPS, missing analyst estimates, despite a year-over-year revenue increase of 5.8% to $214.60 million.
• The stock has a consensus rating of "Hold" with a target price ranging around $20.00, according to multiple research analysts, including ratings from Zacks and JPMorgan Chase & Co..

Alpha Omega Wealth Management LLC cut its stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 78.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,354 shares of the basic materials company's stock after selling 37,868 shares during the period. Alpha Omega Wealth Management LLC's holdings in Compass Minerals International were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Counterpoint Mutual Funds LLC purchased a new stake in Compass Minerals International in the second quarter worth about $771,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Compass Minerals International during the second quarter valued at approximately $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 valued at $192,000 after purchasing an additional 858 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of 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 purchasing an additional 49,668 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of 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 purchasing an additional 4,740 shares during the last quarter. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Compass Minerals International Trading Up 1.6%

NYSE:CMP opened at $18.54 on Wednesday. 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 12 month low of $8.60 and a 12 month high of $22.69. The company has a market cap of $772.85 million, a PE ratio of -6.35 and a beta of 1.07. The company has a 50 day simple moving average of $19.51 and a two-hundred day simple moving average of $17.02.

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

Wall Street Analyst Weigh In

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

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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