Hsbc Holdings PLC Sells 35,800 Shares of Compass Minerals International, Inc. $CMP

Key Points

• Hsbc Holdings PLC reduced its stake in Compass Minerals International by 39.3% in Q1, selling 35,800 shares and retaining 55,203 shares, valued at approximately $510,000.
• In earnings results, Compass reported a loss of ($0.39) EPS for the last quarter, missing consensus estimates, while achieving a revenue of $214.60 million, slightly above projections.
• Analysts hold a mixed outlook on Compass Minerals, with target prices varying between $15.00 and $22.00, and an average rating of "Hold".

Hsbc Holdings PLC decreased its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 39.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,203 shares of the basic materials company's stock after selling 35,800 shares during the quarter. Hsbc Holdings PLC owned about 0.13% of Compass Minerals International worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Compass Minerals International during the 1st quarter valued at $634,000. American Century Companies Inc. boosted its position in Compass Minerals International by 275.5% during the first quarter. American Century Companies Inc. now owns 581,231 shares of the basic materials company's stock valued at $5,400,000 after buying an additional 426,458 shares during the period. Tejara Capital Ltd purchased a new stake in shares of Compass Minerals International during the first quarter worth about $741,000. Fox Run Management L.L.C. purchased a new stake in shares of Compass Minerals International during the first quarter worth about $104,000. Finally, Nuveen LLC purchased a new stake in shares of Compass Minerals International during the first quarter worth about $4,279,000. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CMP shares. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $18.00 price target (up from $15.00) on shares of Compass Minerals International in a research note on Wednesday, August 13th. 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. BMO Capital Markets raised their price target on shares of Compass Minerals International from $15.00 to $20.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $22.00 target price (up previously from $14.00) on shares of Compass Minerals International in a research 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.00.

Compass Minerals International Price Performance

Shares of NYSE CMP traded down $0.13 during mid-day trading on Thursday, hitting $18.80. 416,522 shares of the company's stock traded hands, compared to its average volume of 638,751. The company has a market capitalization of $783.84 million, a P/E ratio of -6.44 and a beta of 1.07. Compass Minerals International, Inc. has a 1 year low of $7.51 and a 1 year high of $22.69. The company's 50-day moving average is $20.41 and its two-hundred day moving average is $16.27. 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 issued its quarterly 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). The firm had revenue of $214.60 million for 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%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal 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.