Ironwood Investment Management LLC Raises Stock Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Ironwood Investment Management LLC increased its position in Compass Minerals International, Inc. (NYSE:CMP) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,842 shares of the basic materials company’s stock after buying an additional 1,738 shares during the quarter. Ironwood Investment Management LLC owned 0.07% of Compass Minerals International worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CMP. Point72 Asia Singapore Pte. Ltd. increased its position in Compass Minerals International by 1,145.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 55,087 shares of the basic materials company’s stock valued at $662,000 after purchasing an additional 50,664 shares during the period. Repertoire Partners LP purchased a new position in Compass Minerals International during the 3rd quarter valued at $1,202,000. Weiss Asset Management LP purchased a new position in Compass Minerals International during the 3rd quarter valued at $1,177,000. Barclays PLC increased its position in Compass Minerals International by 76.7% during the 3rd 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. Finally, Quantbot Technologies LP purchased a new position in Compass Minerals International during the 3rd quarter valued at $535,000. 99.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMP. StockNews.com raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $15.00 in a research report on Wednesday, February 12th. Finally, BMO Capital Markets dropped their target price on shares of Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th.

Compass Minerals International Stock Performance

Shares of CMP stock opened at $10.87 on Friday. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $19.86. The stock has a market cap of $451.23 million, a PE ratio of -2.75 and a beta of 1.27. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67. The company’s fifty day moving average price is $11.78 and its 200-day moving average price is $11.99.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, February 10th. The basic materials company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates 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 analysts expect that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal 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.