Compass Minerals International, Inc. (NYSE:CMP) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its stake in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 54.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 366,665 shares of the basic materials company's stock after selling 442,432 shares during the quarter. Millennium Management LLC owned 0.88% of Compass Minerals International worth $4,125,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Denver PWM LLC grew its stake in Compass Minerals International by 25.8% during the 4th quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 967 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Compass Minerals International by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,063 shares of the basic materials company's stock valued at $429,000 after purchasing an additional 983 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in Compass Minerals International by 7.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 20,540 shares of the basic materials company's stock valued at $231,000 after purchasing an additional 1,340 shares in the last quarter. Ironwood Investment Management LLC grew its stake in Compass Minerals International by 6.2% during the 4th quarter. Ironwood Investment Management LLC now owns 29,842 shares of the basic materials company's stock valued at $336,000 after purchasing an additional 1,738 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Compass Minerals International by 35.9% during the 4th quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company's stock valued at $81,000 after purchasing an additional 1,900 shares in the last quarter. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Compass Minerals International Stock Performance

Compass Minerals International stock traded down $0.35 during mid-day trading on Friday, hitting $19.19. 1,271,701 shares of the company's stock traded hands, compared to its average volume of 824,148. The firm has a 50 day moving average price of $13.93 and a 200 day moving average price of $12.81. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67. The company has a market cap of $796.46 million, a PE ratio of -4.86 and a beta of 0.95. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $20.75.

Compass Minerals International (NYSE:CMP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.24. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The firm had revenue of $494.60 million for the quarter, compared to the consensus estimate of $413.96 million. The company's revenue was up 35.9% compared to the same quarter last year. On average, equities analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. upgraded Compass Minerals International from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $13.00 to $15.00 in a research note on Wednesday, February 12th. Wall Street Zen upgraded Compass Minerals International from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, BMO Capital Markets raised their price target 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.

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.