Cubist Systematic Strategies LLC Purchases 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 raised its holdings in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 19.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 305,753 shares of the basic materials company's stock after buying 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. purchased a new stake in Compass Minerals International in the first quarter worth $40,000. GAMMA Investing LLC increased its position in shares of Compass Minerals International by 361.4% during the first quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company's stock valued at $45,000 after buying an additional 3,769 shares during the period. AlphaQuest LLC raised its stake in Compass Minerals International by 690,800.0% in the first quarter. AlphaQuest LLC now owns 6,909 shares of the basic materials company's stock worth $64,000 after buying an additional 6,908 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Compass Minerals International in the first quarter worth about $104,000. Finally, Virtu Financial LLC purchased a new stake in Compass Minerals International in the first quarter worth about $108,000. Institutional investors own 99.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMP. Zacks Research upgraded Compass Minerals International to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $18.00 price objective (up previously from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. 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 report on Monday, June 23rd. Finally, Wall Street Zen downgraded shares of Compass Minerals International from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $20.00.

Compass Minerals International Stock Up 2.5%

NYSE:CMP traded up $0.46 during trading hours on Thursday, reaching $18.49. 316,668 shares of the company traded hands, compared to its average volume of 340,060. The company has a current ratio of 2.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.30. The business's 50-day moving average price is $20.14 and its two-hundred day moving average price is $16.56. Compass Minerals International, Inc. has a 1 year low of $8.38 and a 1 year high of $22.69. The stock has a market capitalization of $770.76 million, a P/E ratio of -6.33 and a beta of 1.07.

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) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.26). The company 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%. Compass Minerals International's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. Analysts predict 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.