Cove Street Capital LLC Sells 66,376 Shares of Compass Minerals International, Inc. $CMP

Key Points

• Cove Street Capital LLC has reduced its stake in Compass Minerals International by 33%, selling 66,376 shares and now holding approximately 134,996 shares.
• Analysts have mixed views on Compass Minerals, with a recent report from Deutsche Bank suggesting a buy rating with a price target increase to $22.00, while others have rated it hold or underweight.
• Compass Minerals reported a revenue increase of 5.8% year-over-year, with a recent earnings miss of ($0.39) EPS against an expected ($0.13) EPS.

Cove Street Capital LLC lessened its holdings in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 33.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,996 shares of the basic materials company's stock after selling 66,376 shares during the period. Compass Minerals International makes up approximately 2.0% of Cove Street Capital LLC's portfolio, making the stock its 19th biggest holding. Cove Street Capital LLC owned 0.33% of Compass Minerals International worth $1,254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Federated Hermes Inc. bought a new stake in Compass Minerals International during the first quarter worth $40,000. GAMMA Investing LLC grew its stake in Compass Minerals International by 361.4% in the 1st quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company's stock valued at $45,000 after purchasing an additional 3,769 shares during the period. AlphaQuest LLC increased its position in shares of Compass Minerals International by 690,800.0% during the 1st quarter. AlphaQuest LLC now owns 6,909 shares of the basic materials company's stock valued at $64,000 after purchasing an additional 6,908 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Compass Minerals International during the 1st quarter worth $104,000. Finally, Virtu Financial LLC bought a new stake in shares of Compass Minerals International during the 1st quarter worth $108,000. 99.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on CMP shares. BMO Capital Markets raised their price objective 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. 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. 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. 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 research note on Wednesday, August 13th. Finally, Zacks Research raised Compass Minerals International to a "hold" rating in a research report on Monday, August 11th. One equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.00.

Compass Minerals International Price Performance

CMP stock traded up $0.29 during mid-day trading on Monday, reaching $19.10. 298,899 shares of the company traded hands, compared to its average volume of 634,986. The company has a fifty day moving average price of $20.37 and a 200-day moving average price of $16.44. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $22.69. The company has a market capitalization of $796.28 million, a P/E ratio of -6.54 and a beta of 1.07. The company has a debt-to-equity ratio of 3.30, a current ratio of 2.15 and a quick ratio of 1.15.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $214.60 million during 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 last year, the business posted ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. As a group, analysts anticipate 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.