Cubist Systematic Strategies LLC Buys 49,668 Shares of Compass Minerals International, Inc. $CMP

Key Points

• Cubist Systematic Strategies LLC increased its stake in Compass Minerals International by 19.4%, owning 305,753 shares valued at approximately $2.84 million as of the latest SEC disclosure.
• Compass Minerals reported a quarterly loss of ($0.39) earnings per share, missing expectations by ($0.26), although revenue increased to $214.60 million, surpassing analyst estimates.
• Analysts have mixed outlooks on Compass Minerals, with ratings varying from a buy to an underweight, and a consensus target price established at $20.00.

Cubist Systematic Strategies LLC increased its stake in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 19.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 305,753 shares of the basic materials company's stock after acquiring an additional 49,668 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.74% of Compass Minerals International worth $2,840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Royal Bank of Canada boosted its position 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 worth $464,000 after acquiring an additional 4,740 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. bought a new position in shares of Compass Minerals International during the first quarter worth $3,944,000. Long Focus Capital Management LLC boosted its position in shares of Compass Minerals International by 48.2% during the first quarter. Long Focus Capital Management LLC now owns 222,370 shares of the basic materials company's stock worth $2,066,000 after acquiring an additional 72,370 shares during the last quarter. AlphaQuest LLC boosted its position in shares of Compass Minerals International by 690,800.0% during the first quarter. AlphaQuest LLC now owns 6,909 shares of the basic materials company's stock worth $64,000 after acquiring an additional 6,908 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Compass Minerals International during the first quarter worth $634,000. Institutional investors own 99.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CMP shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $22.00 target price (up previously from $14.00) on shares of Compass Minerals International in a research report on Monday, June 23rd. Wall Street Zen cut shares of Compass Minerals International from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $18.00 price target (up previously from $15.00) on shares of Compass Minerals International in a research report on Wednesday, August 13th. BMO Capital Markets boosted their target price on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Finally, Zacks Research upgraded shares of Compass Minerals International to a "hold" rating in a report on Monday, August 11th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $20.00.

Compass Minerals International Trading Up 1.5%

NYSE:CMP traded up $0.29 during mid-day trading on Monday, hitting $19.10. 298,899 shares of the stock traded hands, compared to its average volume of 423,931. The stock has a market capitalization of $796.28 million, a price-to-earnings ratio of -6.54 and a beta of 1.07. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $22.69. The firm's 50 day moving average is $20.35 and its two-hundred day moving average is $16.49. The company has a quick ratio of 1.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.30.

Compass Minerals International (NYSE:CMP - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.26). The firm had revenue of $214.60 million for the quarter, compared to the consensus estimate of $208.60 million. Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. On average, equities research 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.