Shay Capital LLC Takes Position in Compass Minerals International, Inc. (NYSE:CMP)

Shay Capital LLC purchased a new stake in shares of Compass Minerals International, Inc. (NYSE:CMP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 29,300 shares of the basic materials company’s stock, valued at approximately $330,000. Shay Capital LLC owned about 0.07% of Compass Minerals International as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CMP. Ballentine Partners LLC raised its stake in shares of 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 valued at $243,000 after acquiring an additional 748 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Compass Minerals International by 5.7% during the fourth 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 last quarter. Lightrock Netherlands B.V. acquired a new stake in shares of Compass Minerals International during the fourth quarter worth $6,394,000. New York State Common Retirement Fund increased its position in shares of Compass Minerals International by 35.9% during the fourth quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company’s stock worth $81,000 after buying an additional 1,900 shares during the period. Finally, Denver PWM LLC increased its position in shares of Compass Minerals International by 25.8% during the fourth quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company’s stock worth $53,000 after buying an additional 967 shares during the period. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Trading Down 1.6%

CMP opened at $19.19 on Friday. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67. The stock has a market cap of $796.30 million, a PE ratio of -4.86 and a beta of 0.95. The company has a fifty day moving average of $12.13 and a 200-day moving average of $12.34. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $20.17.

Compass Minerals International (NYSE:CMP) last posted 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. The business 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 firm’s revenue was up 35.9% compared to the same quarter last year. On average, sell-side analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CMP shares. BMO Capital Markets increased 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 research report on Monday, May 12th. StockNews.com upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th.

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.