Compass Minerals International, Inc. (NYSE:CMP) Shares Acquired by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. lifted its position in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 375.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 475,000 shares of the basic materials company's stock after buying an additional 375,000 shares during the quarter. Compass Minerals International makes up 1.2% of Icon Advisers Inc. Co.'s investment portfolio, making the stock its 17th largest holding. Icon Advisers Inc. Co. owned approximately 1.15% of Compass Minerals International worth $5,344,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Compass Minerals International by 76.7% in the third quarter. Barclays PLC now owns 92,803 shares of the basic materials company's stock valued at $1,116,000 after purchasing an additional 40,288 shares during the period. Jones Financial Companies Lllp increased its position in shares of Compass Minerals International by 44.1% during the fourth 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 during the period. Raymond James Financial Inc. acquired a new stake in shares of Compass Minerals International in the fourth quarter valued at $1,439,000. Geode Capital Management LLC boosted its holdings in Compass Minerals International by 0.8% in the third quarter. Geode Capital Management LLC now owns 782,811 shares of the basic materials company's stock valued at $9,412,000 after purchasing an additional 6,062 shares during the period. Finally, American Century Companies Inc. grew its stake in Compass Minerals International by 77.8% during the 4th quarter. American Century Companies Inc. now owns 154,773 shares of the basic materials company's stock worth $1,741,000 after purchasing an additional 67,725 shares in the last quarter. Institutional investors and hedge funds own 99.78% of the company's stock.

Compass Minerals International Price Performance

Shares of CMP stock traded up $0.18 during midday trading on Friday, reaching $11.33. 571,856 shares of the company traded hands, compared to its average volume of 796,722. The firm has a market cap of $470.24 million, a PE ratio of -2.87 and a beta of 1.17. 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 firm's 50 day simple moving average is $10.47 and its two-hundred day simple moving average is $12.04. Compass Minerals International, Inc. has a 1-year low of $7.51 and a 1-year high of $15.82.

Compass Minerals International (NYSE:CMP - Get Free Report) last announced its earnings results on Monday, February 10th. The basic materials company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.50). Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. On average, equities research analysts expect that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.