Compass Minerals International, Inc. (NYSE:CMP) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 42.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,308 shares of the basic materials company's stock after selling 13,619 shares during the quarter. Cetera Investment Advisers' holdings in Compass Minerals International were worth $206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Denver PWM LLC boosted its holdings in Compass Minerals International by 25.8% during the 4th quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 967 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Compass Minerals International in the 4th quarter valued at about $80,000. New York State Common Retirement Fund boosted its stake 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 valued at $81,000 after buying an additional 1,900 shares during the period. Freestone Grove Partners LP purchased a new position in shares of Compass Minerals International in the 4th quarter valued at about $149,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Compass Minerals International by 811.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,413 shares of the basic materials company's stock valued at $151,000 after buying an additional 11,941 shares during the period. 99.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. upgraded Compass Minerals International from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $13.00 to $15.00 in a research note on Wednesday, February 12th. Finally, Wall Street Zen upgraded Compass Minerals International from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st.

Compass Minerals International Stock Performance

NYSE CMP traded up $0.13 on Thursday, reaching $20.26. The stock had a trading volume of 450,720 shares, compared to its average volume of 822,973. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. Compass Minerals International, Inc. has a 12-month low of $7.51 and a 12-month high of $20.75. The business's 50-day moving average price is $14.75 and its 200 day moving average price is $12.97. The stock has a market cap of $841.04 million, a P/E ratio of -5.13 and a beta of 1.11.

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 the consensus estimate of $0.39 by $0.24. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The business had revenue of $494.60 million during the quarter, compared to analysts' expectations of $413.96 million. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, equities analysts expect 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.