Ewing Morris & Co. Investment Partners Ltd. Makes New Investment in Compass Minerals International, Inc. $CMP

Key Points

• Ewing Morris & Co. Investment Partners Ltd. invested approximately $3.94 million in Compass Minerals International, acquiring 424,499 shares and making it their 18th largest holding.
• Several institutional investors, including Koch Inc. and Nuveen Asset Management LLC, have significantly increased their stakes in Compass Minerals, reflecting growing interest in the company.
• Compass Minerals reported a quarterly loss of ($0.39) EPS, missing analysts' expectations, despite a year-over-year revenue increase of 5.8%.

Ewing Morris & Co. Investment Partners Ltd. acquired a new position in Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 424,499 shares of the basic materials company's stock, valued at approximately $3,944,000. Compass Minerals International makes up approximately 1.5% of Ewing Morris & Co. Investment Partners Ltd.'s investment portfolio, making the stock its 18th biggest holding. Ewing Morris & Co. Investment Partners Ltd. owned approximately 1.02% of Compass Minerals International at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMP. Federated Hermes Inc. bought a new stake in Compass Minerals International during the 1st quarter valued at about $40,000. GAMMA Investing LLC increased its position in shares of Compass Minerals International by 361.4% during 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 last quarter. AlphaQuest LLC grew its holdings 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 valued at $64,000 after purchasing an additional 6,908 shares during the period. Fox Run Management L.L.C. purchased a new position in Compass Minerals International during the first quarter valued at approximately $104,000. Finally, Virtu Financial LLC bought a new position in shares of Compass Minerals International in the first quarter worth approximately $108,000. Institutional investors own 99.78% of the company's stock.

Compass Minerals International Trading Down 0.2%

Shares of CMP traded down $0.05 during mid-day trading on Wednesday, hitting $18.98. 277,647 shares of the company were exchanged, compared to its average volume of 434,428. Compass Minerals International, Inc. has a 1-year low of $7.51 and a 1-year high of $22.69. The company has a 50 day moving average of $20.41 and a 200-day moving average of $16.27. The company has a quick ratio of 1.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.30.

Compass Minerals International (NYSE:CMP - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.26). The company had revenue of $214.60 million during the quarter, compared to analysts' expectations 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 for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. Equities analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CMP shares. 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 report on Monday, May 12th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $18.00 target price (up previously from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. 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 reiterated 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, Zacks Research raised shares of 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 given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Compass Minerals International currently has an average rating of "Hold" and a consensus target price of $20.00.

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.