Invenomic Capital Management LP Lowers Position in 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 decreased its position in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 679,694 shares of the basic materials company's stock after selling 159,013 shares during the period. Invenomic Capital Management LP owned about 1.64% of Compass Minerals International worth $6,314,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CMP. Federated Hermes Inc. purchased a new position in Compass Minerals International in the first quarter valued at approximately $40,000. GAMMA Investing LLC lifted 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 worth $45,000 after acquiring an additional 3,769 shares in the last quarter. AlphaQuest LLC lifted 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 in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Compass Minerals International during the first quarter worth $104,000. Finally, Virtu Financial LLC purchased a new stake in shares of Compass Minerals International during the first quarter worth $108,000. Hedge funds and other institutional investors own 99.78% of the company's stock.

Compass Minerals International Price Performance

CMP traded down $0.38 during trading on Wednesday, reaching $18.02. The stock had a trading volume of 84,826 shares, compared to its average volume of 629,591. The stock has a market cap of $751.32 million, a PE ratio of -6.19 and a beta of 1.07. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.15 and a current ratio of 2.15. Compass Minerals International, Inc. has a one year low of $7.67 and a one year high of $22.69. The business has a 50-day moving average of $20.29 and a 200-day moving average of $16.50.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its earnings results on Monday, August 11th. The basic materials company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.26). Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The firm had revenue of $214.60 million during the quarter, compared to the consensus estimate of $208.60 million. During the same period in the prior year, the company earned ($1.05) EPS. The firm's revenue was up 5.8% compared to the same quarter last year. Compass Minerals International has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Zacks Research upgraded Compass Minerals International to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen downgraded Compass Minerals International from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $22.00 price target (up previously from $14.00) on shares of Compass Minerals International in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $18.00 price target (up previously from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $20.00.

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.