Paloma Partners Management Co Acquires Shares of 13,713 Compass Minerals International, Inc. (NYSE:CMP)

Paloma Partners Management Co bought a new stake in Compass Minerals International, Inc. (NYSE:CMP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,713 shares of the basic materials company’s stock, valued at approximately $216,000.

A number of other institutional investors have also modified their holdings of CMP. Price T Rowe Associates Inc. MD lifted its position in Compass Minerals International by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,722 shares of the basic materials company’s stock valued at $516,000 after purchasing an additional 1,358 shares during the period. Freestone Capital Holdings LLC acquired a new stake in shares of Compass Minerals International in the 1st quarter valued at approximately $767,000. EntryPoint Capital LLC acquired a new stake in shares of Compass Minerals International in the 1st quarter valued at approximately $249,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Compass Minerals International by 12.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 36,670 shares of the basic materials company’s stock valued at $577,000 after buying an additional 4,005 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Compass Minerals International by 3.6% during the first quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock worth $72,079,000 after acquiring an additional 160,632 shares during the period. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Trading Down 0.4 %

Shares of CMP traded down $0.05 on Tuesday, hitting $12.82. 68,577 shares of the stock traded hands, compared to its average volume of 703,321. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.15 and a current ratio of 2.98. Compass Minerals International, Inc. has a 1 year low of $9.76 and a 1 year high of $39.78. The stock’s 50 day moving average is $11.92 and its two-hundred day moving average is $15.77.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $1.26. The business had revenue of $364.00 million for the quarter, compared to analysts’ expectations of $386.97 million. Compass Minerals International had a positive return on equity of 22.03% and a negative net margin of 7.47%. The business’s revenue was down 11.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.46) earnings per share. On average, research analysts predict that Compass Minerals International, Inc. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

Separately, Loop Capital raised Compass Minerals International from a “hold” rating to a “buy” rating and reduced their target price for the company from $26.00 to $23.00 in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.00.

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.