Invenomic Capital Management LP Sells 159,013 Shares of Compass Minerals International, Inc. $CMP

Key Points

• Invenomic Capital Management LP reduced its stake in Compass Minerals International by 19.0%, now holding 679,694 shares valued at $6.31 million.
• Analysts have issued conflicting ratings for Compass Minerals, with JPMorgan Chase maintaining an "underweight" rating and setting a price target of $18, while Deutsche Bank upgraded its rating to "buy" with a target of $22.
• Compass Minerals reported an EPS of ($0.39) for the last quarter, missing expectations, but their revenue increased by 5.8% year-over-year, totaling $214.60 million.

Invenomic Capital Management LP cut its stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 19.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 679,694 shares of the basic materials company's stock after selling 159,013 shares during the period. Invenomic Capital Management LP owned 1.64% of Compass Minerals International worth $6,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its holdings in shares of Compass Minerals International by 19.4% during the 1st 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 in the last quarter. Royal Bank of Canada raised its holdings in Compass Minerals International by 10.5% in the 1st quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company's stock valued at $464,000 after buying an additional 4,740 shares during the period. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in Compass Minerals International in the 1st quarter valued at about $3,944,000. Long Focus Capital Management LLC raised its holdings in Compass Minerals International by 48.2% in the 1st quarter. Long Focus Capital Management LLC now owns 222,370 shares of the basic materials company's stock valued at $2,066,000 after buying an additional 72,370 shares during the period. Finally, AlphaQuest LLC increased its stake in 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 purchasing an additional 6,908 shares during the period. 99.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. BMO Capital Markets upped 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 research note on Monday, May 12th. JPMorgan Chase & Co. restated an "underweight" rating and set a $18.00 price target (up previously from $15.00) on shares of Compass Minerals International in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $22.00 price target (up previously from $14.00) on shares of Compass Minerals International in a research note on Monday, June 23rd. Zacks Research upgraded Compass Minerals International to a "hold" rating in a research report on Monday, August 11th. Finally, Wall Street Zen cut Compass Minerals International from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. One investment 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. According to MarketBeat.com, Compass Minerals International presently has a consensus rating of "Hold" and a consensus price target of $20.00.

Compass Minerals International Stock Up 0.3%

CMP stock traded up $0.06 during midday trading on Friday, hitting $18.85. 338,797 shares of the company's stock were exchanged, compared to its average volume of 423,931. 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 $7.51 and a 12-month high of $22.69. The firm has a 50 day moving average price of $20.37 and a 200-day moving average price of $16.44. The stock has a market capitalization of $785.86 million, a price-to-earnings ratio of -6.46 and a beta of 1.07.

Compass Minerals International (NYSE:CMP - Get Free Report) last issued its 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). Compass Minerals International had a negative return on equity of 16.70% and a negative net margin of 9.87%.The firm had revenue of $214.60 million during the quarter, compared to analyst estimates of $208.60 million. During the same quarter in the previous year, the business posted ($1.05) EPS. Compass Minerals International's revenue was up 5.8% compared to the same quarter last year. Compass Minerals International has set its FY 2025 guidance at EPS. On average, analysts anticipate that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

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.