Net Worth Advisory Group Invests $178,000 in Compass Minerals International, Inc. (NYSE:CMP)

Net Worth Advisory Group acquired a new position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,161 shares of the basic materials company's stock, valued at approximately $178,000.

Several other institutional investors have also recently modified their holdings of CMP. GAMMA Investing LLC increased its position in Compass Minerals International by 361.4% during 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 in the last quarter. Denver PWM LLC increased its position 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 worth $53,000 after purchasing an additional 967 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Compass Minerals International in the 4th quarter valued at about $80,000. New York State Common Retirement Fund lifted its holdings in Compass Minerals International by 35.9% in 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. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in Compass Minerals International in the 1st quarter valued at about $110,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on CMP. Wall Street Zen upgraded shares of Compass Minerals International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 8th. 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.

Compass Minerals International Trading Down 1.3%

Compass Minerals International stock traded down $0.26 during trading on Tuesday, hitting $19.80. The company's stock had a trading volume of 410,741 shares, compared to its average volume of 817,342. The stock's fifty day moving average is $16.40 and its 200 day moving average is $13.21. The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.12 and a current ratio of 1.84. Compass Minerals International, Inc. has a 1-year low of $7.51 and a 1-year high of $20.96. The stock has a market capitalization of $821.70 million, a price-to-earnings ratio of -5.56 and a beta of 1.11.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.24. Compass Minerals International had a negative net margin of 12.15% and a negative return on equity of 24.24%. The business had revenue of $494.60 million for the quarter, compared to analysts' expectations of $413.96 million. Compass Minerals International's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, equities research analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current 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.