Compass Minerals International, Inc. $CMP Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC decreased its holdings in Compass Minerals International, Inc. by 30.4% in the first quarter, now owning approximately 0.24% of the company valued at $910,000.
• Wall Street analysts remain optimistic with a consensus price target of $20.00 for Compass Minerals, although recent ratings suggest some analysts have lowered their projections.
• Compass Minerals reported an EPS of ($0.39) for the last quarter, missing estimates, but its revenue increased by 5.8% year-over-year to $214.60 million.

Jump Financial LLC cut its position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 30.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,977 shares of the basic materials company's stock after selling 42,848 shares during the period. Jump Financial LLC owned approximately 0.24% of Compass Minerals International worth $910,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in Compass Minerals International in the first quarter worth about $40,000. GAMMA Investing LLC raised its holdings in shares of Compass Minerals International by 361.4% in the first quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company's stock worth $45,000 after buying an additional 3,769 shares during the period. AlphaQuest LLC lifted its stake 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 worth $64,000 after acquiring an additional 6,908 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Compass Minerals International during the 1st quarter valued at $104,000. Finally, Corton Capital Inc. purchased a new position in Compass Minerals International during the 4th quarter valued at $127,000. 99.78% of the stock is currently owned by institutional investors.

Compass Minerals International Stock Down 1.6%

Shares of NYSE:CMP traded down $0.30 on Thursday, reaching $18.63. The company had a trading volume of 194,954 shares, compared to its average volume of 637,408. The firm has a market capitalization of $776.67 million, a PE ratio of -6.37 and a beta of 1.07. The company has a current ratio of 2.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.30. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $22.69. The firm's 50 day simple moving average is $20.41 and its 200-day simple moving average is $16.27.

Compass Minerals International (NYSE:CMP - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.26). The company 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%. Compass Minerals International's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.05) EPS. Compass Minerals International has set its FY 2025 guidance at EPS. As a group, analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on CMP. Wall Street Zen downgraded Compass Minerals International from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $18.00 price objective (up from $15.00) on shares of Compass Minerals International in a research report on Wednesday, August 13th. BMO Capital Markets raised 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. Zacks Research raised shares of Compass Minerals International to a "hold" rating in a research note on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $22.00 target price (up from $14.00) on shares of Compass Minerals International in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company 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.