Michelson Medical Research Foundation Inc. boosted its stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 600,000 shares of the basic materials company's stock after purchasing an additional 95,000 shares during the quarter. Compass Minerals International comprises approximately 5.7% of Michelson Medical Research Foundation Inc.'s holdings, making the stock its 6th largest holding. Michelson Medical Research Foundation Inc. owned 1.45% of Compass Minerals International worth $6,750,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Barclays PLC raised its holdings 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 worth $1,116,000 after buying an additional 40,288 shares during the last quarter. Tsfg LLC acquired a new position in Compass Minerals International during the fourth quarter worth about $28,000. Ballentine Partners LLC raised its stake in Compass Minerals International by 3.6% during the fourth quarter. Ballentine Partners LLC now owns 21,559 shares of the basic materials company's stock worth $243,000 after purchasing an additional 748 shares during the period. Inspire Investing LLC raised its stake in shares of Compass Minerals International by 5.7% in the 4th quarter. Inspire Investing LLC now owns 40,527 shares of the basic materials company's stock valued at $456,000 after acquiring an additional 2,201 shares during the period. Finally, Lightrock Netherlands B.V. purchased a new stake in Compass Minerals International during the 4th quarter worth approximately $6,394,000. Hedge funds and other institutional investors own 99.78% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on CMP. 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. StockNews.com upgraded shares of Compass Minerals International from a "sell" rating to a "hold" rating in a 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 objective for the company from $13.00 to $15.00 in a research note on Wednesday, February 12th.
View Our Latest Analysis on CMP
Compass Minerals International Trading Up 3.6%
Shares of NYSE CMP opened at $19.51 on Tuesday. The stock has a market cap of $809.54 million, a price-to-earnings ratio of -4.94 and a beta of 0.95. The business has a 50 day simple moving average of $11.38 and a 200 day simple moving average of $12.16. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $19.94. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37.
Compass Minerals International (NYSE:CMP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, topping 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 analyst estimates of $413.96 million. Compass Minerals International's revenue for the quarter was up 35.9% on a year-over-year basis. On average, research analysts predict that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.
Compass Minerals International Company Profile
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Free Report)
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.
Further Reading
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