Compass Minerals International, Inc. $CMP Shares Sold by Newtyn Management LLC

Newtyn Management LLC decreased its position in Compass Minerals International, Inc. (NYSE:CMP) by 17.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 632,326 shares of the basic materials company’s stock after selling 137,674 shares during the quarter. Compass Minerals International accounts for approximately 2.5% of Newtyn Management LLC’s holdings, making the stock its 17th largest position. Newtyn Management LLC owned 1.51% of Compass Minerals International worth $19,684,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Hennessy Advisors Inc. acquired a new stake in shares of Compass Minerals International during the 2nd quarter valued at approximately $10,755,000. Hsbc Holdings PLC acquired a new position in Compass Minerals International in the second quarter worth $884,000. Public Employees Retirement System of Ohio bought a new stake in Compass Minerals International during the second quarter valued at $604,000. Bank of New York Mellon Corp bought a new stake in Compass Minerals International during the second quarter valued at $3,283,000. Finally, Bank of America Corp DE raised its holdings in shares of Compass Minerals International by 692.8% during the first quarter. Bank of America Corp DE now owns 1,253,045 shares of the basic materials company’s stock worth $29,259,000 after purchasing an additional 1,094,987 shares during the period. 99.78% of the stock is currently owned by institutional investors.

Compass Minerals International Stock Up 0.5%

Compass Minerals International stock opened at $24.74 on Monday. The company has a 50-day simple moving average of $28.31 and a 200-day simple moving average of $27.03. The firm has a market capitalization of $1.04 billion, a P/E ratio of 57.53 and a beta of 1.23. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.98 and a current ratio of 2.01. Compass Minerals International, Inc. has a one year low of $16.40 and a one year high of $34.50.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). Compass Minerals International had a net margin of 1.42% and a return on equity of 12.75%. The firm had revenue of $215.30 million during the quarter, compared to the consensus estimate of $207.75 million. During the same quarter in the prior year, the business earned ($0.39) earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities analysts expect that Compass Minerals International, Inc. will post 0.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMP has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $27.00 price target (down from $30.00) on shares of Compass Minerals International in a report on Monday, August 10th. Zacks Research lowered shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $35.00 target price on shares of Compass Minerals International in a report on Wednesday, May 27th. Weiss Ratings downgraded Compass Minerals International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Finally, Wall Street Zen lowered Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Compass Minerals International has an average rating of “Reduce” and a consensus target price of $27.60.

Compass Minerals International Company Profile

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.