Squarepoint Ops LLC Has $2.84 Million Stake in Compass Minerals International, Inc. $CMP

Squarepoint Ops LLC lowered its stake in Compass Minerals International, Inc. (NYSE:CMP) by 21.1% in the second quarter, Holdings Channel reports. The fund owned 141,466 shares of the basic materials company’s stock after selling 37,892 shares during the quarter. Squarepoint Ops LLC’s holdings in Compass Minerals International were worth $2,842,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMP. CWM LLC increased its position in Compass Minerals International by 95.0% during the 2nd quarter. CWM LLC now owns 1,363 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 664 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Compass Minerals International by 690,800.0% during the first quarter. AlphaQuest LLC now owns 6,909 shares of the basic materials company’s stock worth $64,000 after buying an additional 6,908 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Compass Minerals International by 37.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,967 shares of the basic materials company’s stock valued at $80,000 after acquiring an additional 1,084 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Compass Minerals International during the 2nd quarter valued at $83,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Compass Minerals International during the 1st quarter valued at $104,000. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Stock Performance

NYSE:CMP opened at $18.96 on Thursday. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.98 and a current ratio of 2.15. Compass Minerals International, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $22.69. The company has a 50 day simple moving average of $18.19 and a two-hundred day simple moving average of $19.24. The company has a market capitalization of $792.74 million, a PE ratio of -9.87 and a beta of 1.16.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, December 8th. The basic materials company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Compass Minerals International had a negative return on equity of 8.22% and a negative net margin of 6.42%.The firm had revenue of $227.50 million during the quarter, compared to analyst estimates of $223.72 million. During the same quarter last year, the firm posted ($0.77) EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Compass Point set a $22.00 target price on Compass Minerals International in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Compass Minerals International from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Finally, Zacks Research upgraded shares of Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Compass Minerals International currently has an average rating of “Reduce” and an average price target of $20.60.

Compass Minerals International 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.