LMR Partners LLP Acquires 73,064 Shares of Compass Minerals International, Inc. (NYSE:CMP)

LMR Partners LLP boosted its holdings in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 433.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,936 shares of the basic materials company's stock after acquiring an additional 73,064 shares during the quarter. LMR Partners LLP owned 0.22% of Compass Minerals International worth $1,012,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lightrock Netherlands B.V. bought a new stake in shares of Compass Minerals International in the 4th quarter valued at approximately $6,394,000. Icon Advisers Inc. Co. grew its position in Compass Minerals International by 375.0% in the fourth quarter. Icon Advisers Inc. Co. now owns 475,000 shares of the basic materials company's stock valued at $5,344,000 after acquiring an additional 375,000 shares during the period. Concentric Capital Strategies LP acquired a new position in Compass Minerals International during the fourth quarter worth $3,937,000. Kennedy Capital Management LLC bought a new position in shares of Compass Minerals International during the fourth quarter valued at $3,533,000. Finally, Appian Way Asset Management LP acquired a new stake in shares of Compass Minerals International in the 4th quarter valued at $2,618,000. Institutional investors and hedge funds own 99.78% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMP. StockNews.com upgraded shares of Compass Minerals International from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. BMO Capital Markets raised their price objective 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 lifted their target price for the company from $13.00 to $15.00 in a research note on Wednesday, February 12th.

Compass Minerals International Price Performance

Compass Minerals International stock traded down $0.05 on Monday, reaching $19.14. The company's stock had a trading volume of 136,685 shares, compared to its average volume of 810,861. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $20.17. The company has a market cap of $794.18 million, a price-to-earnings ratio of -4.84 and a beta of 0.95. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. The business's fifty day moving average price is $12.13 and its 200 day moving average price is $12.34.

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 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.24. The firm had revenue of $494.60 million during the quarter, compared to analysts' expectations of $413.96 million. Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. Equities analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

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.