Krilogy Financial LLC Lowers Stock Position in Compass Minerals International, Inc. $CMP

Key Points

• Krilogy Financial LLC reduced its holdings in Compass Minerals International by 74.3%, owning 17,265 shares after selling 50,000 during the 2nd quarter.
• Institutional investors collectively own 99.78% of Compass Minerals, with notable changes in holdings from Koch Inc. and Nuveen Asset Management LLC.
• Compass Minerals reported an earnings miss with an EPS of ($0.39), falling short of analysts' consensus estimates of ($0.13), despite a revenue increase of 5.8% year-over-year.

Krilogy Financial LLC decreased its position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 74.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,265 shares of the basic materials company's stock after selling 50,000 shares during the period. Krilogy Financial LLC's holdings in Compass Minerals International were worth $347,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMP. Koch Inc. acquired a new position in shares of Compass Minerals International during the 4th quarter worth approximately $79,139,000. Nuveen Asset Management LLC increased its holdings in shares of Compass Minerals International by 642.5% during the 4th quarter. Nuveen Asset Management LLC now owns 1,058,551 shares of the basic materials company's stock worth $11,909,000 after buying an additional 915,983 shares during the last quarter. Lightrock Netherlands B.V. grew its stake in Compass Minerals International by 33.6% during the 1st quarter. Lightrock Netherlands B.V. now owns 755,373 shares of the basic materials company's stock valued at $7,029,000 after purchasing an additional 189,786 shares in the last quarter. American Century Companies Inc. boosted its stake in Compass Minerals International by 275.5% during the 1st quarter. American Century Companies Inc. now owns 581,231 shares of the basic materials company's stock valued at $5,400,000 after purchasing an additional 426,458 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Compass Minerals International by 28.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 487,937 shares of the basic materials company's stock valued at $4,533,000 after purchasing an additional 107,366 shares during the last quarter. Institutional investors own 99.78% of the company's stock.

Compass Minerals International Stock Down 0.3%

Shares of NYSE CMP traded down $0.06 during midday trading on Friday, hitting $18.03. 1,260,438 shares of the stock traded hands, compared to its average volume of 314,376. The company has a market cap of $751.67 million, a PE ratio of -6.17 and a beta of 1.07. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.15 and a current ratio of 2.15. The business has a 50 day moving average price of $19.65 and a two-hundred day moving average price of $16.91. Compass Minerals International, Inc. has a one year low of $8.60 and a one year high of $22.69.

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 for the quarter, missing the consensus estimate of ($0.13) by ($0.26). The business had revenue of $214.60 million during the quarter, compared to the consensus estimate of $208.60 million. Compass Minerals International had a negative return on equity of 16.70% and a negative net margin of 9.87%.The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. On average, equities analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMP. Zacks Research raised shares of Compass Minerals International to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen lowered shares of 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, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $18.00 target price (up from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. One 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.00.

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.