Hsbc Holdings PLC Grows Stock Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Hsbc Holdings PLC raised its stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 138.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,003 shares of the basic materials company's stock after buying an additional 52,799 shares during the period. Hsbc Holdings PLC owned approximately 0.22% of Compass Minerals International worth $990,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Compass Minerals International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 785,676 shares of the basic materials company's stock valued at $8,842,000 after buying an additional 2,865 shares during the period. Lightrock Netherlands B.V. acquired a new position in Compass Minerals International during the 4th quarter worth about $6,394,000. Icon Advisers Inc. Co. raised its position in Compass Minerals International by 375.0% in the 4th quarter. Icon Advisers Inc. Co. now owns 475,000 shares of the basic materials company's stock worth $5,344,000 after purchasing an additional 375,000 shares during the last quarter. Kennedy Capital Management LLC bought a new position in Compass Minerals International in the fourth quarter valued at about $3,533,000. Finally, Invesco Ltd. grew its holdings in Compass Minerals International by 42.2% during 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 during the period. Hedge funds and other institutional investors own 99.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets dropped their target price on Compass Minerals International from $18.00 to $17.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 12th. StockNews.com raised Compass Minerals International from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded Compass Minerals International from a "neutral" rating to an "overweight" rating and upped their target price for the company from $13.00 to $15.00 in a research report on Wednesday, February 12th.

Compass Minerals International Trading Up 1.9 %

Compass Minerals International stock traded up $0.35 during mid-day trading on Friday, hitting $18.31. The company's stock had a trading volume of 552,379 shares, compared to its average volume of 800,036. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $18.56. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.37 and a quick ratio of 1.12. The business has a 50 day moving average price of $11.01 and a 200-day moving average price of $12.10. The stock has a market cap of $759.94 million, a price-to-earnings ratio of -4.64 and a beta of 0.95.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $494.60 million during the quarter, compared to analysts' expectations of $413.96 million. The company's revenue was up 35.9% on a year-over-year basis. As a group, analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

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.