Sherbrooke Park Advisers LLC Acquires New Stake in Compass Minerals International, Inc. (NYSE:CMP)

Sherbrooke Park Advisers LLC bought a new stake in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,388 shares of the basic materials company's stock, valued at approximately $297,000. Sherbrooke Park Advisers LLC owned about 0.06% of Compass Minerals International at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ballentine Partners LLC grew its holdings in Compass Minerals International by 3.6% in the 4th quarter. Ballentine Partners LLC now owns 21,559 shares of the basic materials company's stock valued at $243,000 after buying an additional 748 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Compass Minerals International by 5.7% during the fourth quarter. Inspire Investing LLC now owns 40,527 shares of the basic materials company's stock worth $456,000 after buying an additional 2,201 shares during the period. Lightrock Netherlands B.V. acquired a new position in Compass Minerals International in the 4th quarter valued at about $6,394,000. New York State Common Retirement Fund increased 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 worth $81,000 after buying an additional 1,900 shares during the period. Finally, Denver PWM LLC raised its stake in shares of Compass Minerals International by 25.8% in the fourth quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 967 shares in the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Stock Performance

CMP traded down $0.10 during trading on Thursday, hitting $19.06. 478,985 shares of the stock were exchanged, compared to its average volume of 812,045. The firm has a market capitalization of $791.07 million, a P/E ratio of -4.83 and a beta of 0.95. Compass Minerals International, Inc. has a 1-year low of $7.51 and a 1-year high of $20.17. The stock has a fifty day moving average price of $12.67 and a two-hundred day moving average price of $12.49. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67.

Compass Minerals International (NYSE:CMP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.63 EPS 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 during the quarter, compared to the consensus estimate of $413.96 million. The firm's quarterly revenue was up 35.9% on a year-over-year basis. As a group, sell-side analysts predict that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CMP has been the subject of several analyst reports. Wall Street Zen cut shares of Compass Minerals International from a "buy" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th. Finally, BMO Capital Markets upped their target price 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.

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.