Long Focus Capital Management LLC Increases Stock Holdings in Compass Minerals International, Inc. $CMP

Key Points

• Long Focus Capital Management LLC increased its stake in Compass Minerals International by 48.2% in Q1, acquiring an additional 72,370 shares, bringing their total ownership to 222,370 shares worth approximately $2.1 million.
• Compass Minerals saw a stock price decline of 1.0%, trading at $19.06 while experiencing a PE ratio of -6.53 and a market cap of $794.74 million.
• In its most recent earnings report, Compass Minerals posted an EPS of ($0.39), missing analyst estimates and showing a year-over-year revenue growth of 5.8%.

Long Focus Capital Management LLC increased its position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 48.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 222,370 shares of the basic materials company's stock after acquiring an additional 72,370 shares during the quarter. Long Focus Capital Management LLC owned approximately 0.54% of Compass Minerals International worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CMP. Koch Inc. acquired a new position in shares of Compass Minerals International during the 4th quarter valued at about $79,139,000. Nuveen Asset Management LLC boosted its position 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 valued at $11,909,000 after acquiring an additional 915,983 shares during the last quarter. SailingStone Capital Partners LLC boosted its position in shares of Compass Minerals International by 13.7% during the 4th quarter. SailingStone Capital Partners LLC now owns 5,427,142 shares of the basic materials company's stock valued at $61,055,000 after acquiring an additional 652,129 shares during the last quarter. Nuveen LLC acquired a new position in shares of Compass Minerals International during the 1st quarter valued at about $4,279,000. Finally, American Century Companies Inc. boosted its position in shares of 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 acquiring an additional 426,458 shares during the last quarter. Institutional investors and hedge funds own 99.78% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CMP shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $22.00 price objective (up from $14.00) on shares of Compass Minerals International in a report on Monday, June 23rd. BMO Capital Markets boosted their price objective on shares of Compass Minerals International from $15.00 to $20.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Wall Street Zen lowered shares of Compass Minerals International from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $18.00 price objective (up from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. Finally, Zacks Research upgraded shares of Compass Minerals International to a "hold" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.00.

Compass Minerals International Trading Down 0.1%

Shares of Compass Minerals International stock traded down $0.02 during trading hours on Tuesday, hitting $19.03. 294,942 shares of the company were exchanged, compared to its average volume of 434,428. The business has a 50-day moving average of $20.42 and a 200-day moving average of $16.26. 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, Inc. has a 1 year low of $7.51 and a 1 year high of $22.69.

Compass Minerals International (NYSE:CMP - Get Free Report) last released 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). Compass Minerals International had a negative return on equity of 16.70% and a negative net margin of 9.87%.The business had revenue of $214.60 million during the quarter, compared to analysts' expectations of $208.60 million. During the same quarter in the previous year, the company posted ($1.05) EPS. The company's revenue was up 5.8% compared to the same quarter last year. Compass Minerals International has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

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.