O Keefe Stevens Advisory Inc. Makes New Investment in Compass Minerals International, Inc. (NYSE:CMP)

O Keefe Stevens Advisory Inc. purchased a new stake in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 293,792 shares of the basic materials company's stock, valued at approximately $2,729,000. Compass Minerals International makes up about 0.9% of O Keefe Stevens Advisory Inc.'s investment portfolio, making the stock its 24th biggest position. O Keefe Stevens Advisory Inc. owned about 0.71% of Compass Minerals International as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Koch Inc. purchased a new stake in Compass Minerals International in the 4th quarter valued at about $79,139,000. Jones Financial Companies Lllp grew its stake in Compass Minerals International by 44.1% in the 4th quarter. Jones Financial Companies Lllp now owns 18,111 shares of the basic materials company's stock worth $204,000 after acquiring an additional 5,544 shares in the last quarter. Raymond James Financial Inc. bought a new position in Compass Minerals International in the 4th quarter worth about $1,439,000. Invesco Ltd. grew its stake in Compass Minerals International by 42.2% in the 4th 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 in the last quarter. Finally, American Century Companies Inc. grew its stake in Compass Minerals International by 77.8% in the 4th quarter. American Century Companies Inc. now owns 154,773 shares of the basic materials company's stock worth $1,741,000 after acquiring an additional 67,725 shares in the last quarter. Hedge funds and other institutional investors own 99.78% of the company's stock.

Compass Minerals International Stock Up 0.9%

Shares of NYSE:CMP traded up $0.18 during trading on Thursday, reaching $20.31. The stock had a trading volume of 199,087 shares, compared to its average volume of 820,598. The company has a market capitalization of $842.95 million, a P/E ratio of -5.14 and a beta of 1.11. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67. The firm's 50-day simple moving average is $14.53 and its 200 day simple moving average is $12.94. 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 posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.24. Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. The company had revenue of $494.60 million during the quarter, compared to analyst estimates of $413.96 million. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, research analysts expect that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on CMP shares. Wall Street Zen upgraded shares of Compass Minerals International from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. BMO Capital Markets increased 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 report on Monday, May 12th. Finally, JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $13.00 to $15.00 in a report on Wednesday, February 12th.

Compass Minerals International Company 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.