Lighthouse Investment Partners LLC Purchases New Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Lighthouse Investment Partners LLC purchased a new stake in Compass Minerals International, Inc. (NYSE:CMP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 136,346 shares of the basic materials company’s stock, valued at approximately $1,534,000.

Other institutional investors have also made changes to their positions in the company. Tsfg LLC bought a new stake in shares of Compass Minerals International in the fourth quarter valued at approximately $28,000. Denver PWM LLC raised its position in 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 valued at $53,000 after purchasing an additional 967 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Compass Minerals International during the fourth quarter valued at approximately $80,000. New York State Common Retirement Fund raised its position in 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 valued at $81,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Corton Capital Inc. acquired a new position in Compass Minerals International during the fourth quarter valued at approximately $127,000. 99.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on CMP shares. JPMorgan Chase & Co. upgraded 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. BMO Capital Markets boosted their price objective on shares of Compass Minerals International from $15.00 to $20.00 and gave the company a “market perform” rating in a research report on Monday. Finally, StockNews.com upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

Compass Minerals International Stock Up 1.4%

Shares of CMP opened at $19.73 on Wednesday. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $20.27. The stock has a market capitalization of $818.87 million, a price-to-earnings ratio of -4.99 and a beta of 0.95. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. The stock has a fifty day moving average of $11.58 and a 200-day moving average of $12.21.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, beating 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 analysts’ expectations of $413.96 million. The firm’s revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

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.