Bard Financial Services Inc. Sells 99,915 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Bard Financial Services Inc. cut its stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 52.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,700 shares of the basic materials company's stock after selling 99,915 shares during the period. Bard Financial Services Inc. owned about 0.22% of Compass Minerals International worth $833,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CMP. GAMMA Investing LLC raised its holdings in shares of Compass Minerals International by 361.4% in the 1st quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company's stock worth $45,000 after buying an additional 3,769 shares in the last quarter. Denver PWM LLC raised its holdings in shares of Compass Minerals International by 25.8% in the 4th quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company's stock worth $53,000 after buying an additional 967 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Compass Minerals International in the 4th quarter worth approximately $80,000. New York State Common Retirement Fund raised its holdings in shares of 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 worth $81,000 after buying an additional 1,900 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Compass Minerals International in the 1st quarter worth approximately $110,000. 99.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CMP shares. Wall Street Zen upgraded Compass Minerals International from a "buy" rating to a "strong-buy" rating in a research report on Sunday. JPMorgan Chase & Co. upgraded Compass Minerals International from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th. Finally, BMO Capital Markets increased their price target on 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 Price Performance

NYSE CMP traded down $0.13 during trading hours on Thursday, reaching $19.17. 502,749 shares of the company's stock were exchanged, compared to its average volume of 819,032. The stock has a market cap of $795.63 million, a PE ratio of -4.85 and a beta of 1.11. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $20.96. The firm has a fifty day moving average of $15.79 and a 200-day moving average of $13.14. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67.

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 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.24. The business had revenue of $494.60 million for 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%. Compass Minerals International's revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities research analysts predict that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal 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.