Compass Minerals International, Inc. (NYSE:CMP) Shares Acquired by Koss Olinger Consulting LLC

Key Points

• Koss Olinger Consulting LLC increased its holdings in Compass Minerals International by 263.1% in the 1st quarter, acquiring an additional 61,506 shares to own a total of 84,880 shares worth approximately $789,000.
• The company's stock shows significant activity from other institutional investors, with ownership now at 99.78% of the company's equity.
• Compass Minerals International recently reported quarterly earnings of $0.63 per share, exceeding analysts' estimates, with a year-over-year revenue increase of 35.9%.

Koss Olinger Consulting LLC lifted its position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 263.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,880 shares of the basic materials company's stock after buying an additional 61,506 shares during the period. Koss Olinger Consulting LLC owned about 0.20% of Compass Minerals International worth $789,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in Compass Minerals International in the fourth quarter worth $80,000. Geode Capital Management LLC increased its position in Compass Minerals International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 785,676 shares of the basic materials company's stock worth $8,842,000 after buying an additional 2,865 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Compass Minerals International in the fourth quarter worth about $268,000. Wells Fargo & Company MN boosted its stake in shares of Compass Minerals International by 24.2% in the fourth quarter. Wells Fargo & Company MN now owns 27,122 shares of the basic materials company's stock worth $305,000 after acquiring an additional 5,292 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Compass Minerals International by 42.2% in the fourth quarter. Invesco Ltd. now owns 199,794 shares of the basic materials company's stock worth $2,248,000 after acquiring an additional 59,312 shares during the period. 99.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMP. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $22.00 price objective (up from $14.00) on shares of Compass Minerals International in a research report on Monday, June 23rd. BMO Capital Markets raised their price objective on Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Finally, Wall Street Zen cut Compass Minerals International from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th.

Compass Minerals International Stock Performance

CMP traded down $2.25 on Tuesday, reaching $19.26. 1,067,875 shares of the stock were exchanged, compared to its average volume of 436,216. The firm has a market capitalization of $799.08 million, a PE ratio of -6.59 and a beta of 1.11. The company's 50-day moving average price is $20.57 and its 200 day moving average price is $15.49. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.84 and a quick ratio of 1.12. Compass Minerals International, Inc. has a fifty-two week low of $7.51 and a fifty-two week high of $22.69.

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 (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.26). The company had revenue of $214.60 million during the quarter, compared to analyst estimates of $208.60 million. Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.36%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned ($1.05) EPS. As a group, sell-side analysts forecast 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.