California State Teachers Retirement System Raises Stock Position in CompoSecure, Inc. (NASDAQ:CMPO)

California State Teachers Retirement System boosted its position in shares of CompoSecure, Inc. (NASDAQ:CMPO - Free Report) by 1,181.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,152 shares of the company's stock after purchasing an additional 21,346 shares during the period. California State Teachers Retirement System's holdings in CompoSecure were worth $355,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in CompoSecure in the 4th quarter worth about $75,000. Wolverine Asset Management LLC grew its stake in CompoSecure by 76.3% in the 4th quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock worth $143,000 after acquiring an additional 4,039 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in CompoSecure in the 4th quarter worth about $156,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in CompoSecure by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,201 shares of the company's stock worth $161,000 after acquiring an additional 2,547 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new position in CompoSecure in the 4th quarter worth about $165,000. 37.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on CMPO shares. JPMorgan Chase & Co. dropped their target price on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Lake Street Capital dropped their price objective on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of CompoSecure in a research note on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.19.

CompoSecure Stock Performance

NASDAQ:CMPO traded up $0.16 during midday trading on Monday, reaching $13.82. 468,609 shares of the stock traded hands, compared to its average volume of 890,353. CompoSecure, Inc. has a 12-month low of $6.14 and a 12-month high of $17.71. The business has a 50-day moving average of $12.11 and a two-hundred day moving average of $13.46. The stock has a market capitalization of $1.41 billion, a PE ratio of -31.41, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

CompoSecure (NASDAQ:CMPO - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.06. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. The company had revenue of $103.90 million during the quarter, compared to analysts' expectations of $103.22 million. Research analysts anticipate that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

CompoSecure Profile

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.