O Keefe Stevens Advisory Inc. Raises Stock Position in Compass Minerals International, Inc. $CMP

Key Points

• O Keefe Stevens Advisory Inc. has increased its stake in Compass Minerals International by 85.8%, now holding 545,828 shares, representing about 3.1% of its total holdings.
• Compass Minerals reported a EPS of ($0.39) for the most recent quarter, missing expectations, but revenue rose 5.8% year-over-year to $214.60 million.
• Analysts have mixed ratings for Compass Minerals, with a consensus rating of "Reduce" and an average price target of $20.00.

O Keefe Stevens Advisory Inc. grew its holdings in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 85.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 545,828 shares of the basic materials company's stock after acquiring an additional 252,036 shares during the period. Compass Minerals International comprises approximately 3.1% of O Keefe Stevens Advisory Inc.'s holdings, making the stock its 12th biggest holding. O Keefe Stevens Advisory Inc. owned about 1.32% of Compass Minerals International worth $10,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMP. Nuveen LLC purchased a new stake in Compass Minerals International during the 1st quarter worth $4,279,000. American Century Companies Inc. increased 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 worth $5,400,000 after buying an additional 426,458 shares during the period. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in Compass Minerals International during the 1st quarter worth $3,944,000. Lightrock Netherlands B.V. increased 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 worth $7,029,000 after buying an additional 189,786 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Compass Minerals International by 28.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 487,937 shares of the basic materials company's stock worth $4,533,000 after buying an additional 107,366 shares during the period. Hedge funds and other institutional investors own 99.78% of the company's stock.

Compass Minerals International Price Performance

Shares of CMP stock opened at $18.76 on Friday. The firm has a market cap of $781.90 million, a P/E ratio of -6.42 and a beta of 1.11. 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 $8.60 and a 1-year high of $22.69. The firm has a fifty day moving average of $19.22 and a two-hundred day moving average of $17.50.

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) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.26). Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The business had revenue of $214.60 million during the quarter, compared to analyst estimates of $208.60 million. During the same period last year, the firm posted ($1.05) earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. Compass Minerals International has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $18.00 price target (up previously from $15.00) on shares of Compass Minerals International in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $22.00 price target (up previously from $14.00) on shares of Compass Minerals International in a research note on Monday, June 23rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Compass Minerals International in a research note on Saturday, September 27th. Zacks Research raised shares of Compass Minerals International to a "hold" rating in a report on Monday, August 11th. Finally, Wall Street Zen lowered shares of Compass Minerals International from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" 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.

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