Counterpoint Mutual Funds LLC Takes $744,000 Position in Compass Minerals International, Inc. (NYSE:CMP)

Counterpoint Mutual Funds LLC bought a new stake in shares of Compass Minerals International, Inc. (NYSE:CMP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 66,143 shares of the basic materials company’s stock, valued at approximately $744,000.

A number of other hedge funds also recently bought and sold shares of the company. Tsfg LLC bought a new stake in Compass Minerals International during the fourth quarter valued at about $28,000. Denver PWM LLC increased its holdings in Compass Minerals International by 33.8% in the 3rd quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 946 shares in the last quarter. New York State Common Retirement Fund lifted its holdings 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. Dynamic Technology Lab Private Ltd bought a new position in shares of Compass Minerals International in the third quarter worth approximately $137,000. Finally, LMR Partners LLP purchased a new stake in shares of Compass Minerals International in the third quarter worth $203,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BMO Capital Markets lowered their price objective on Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating on the stock 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 target price for the stock from $13.00 to $15.00 in a report on Wednesday, February 12th. Finally, StockNews.com raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th.

Compass Minerals International Stock Performance

Shares of NYSE:CMP opened at $10.87 on Monday. 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 firm has a market cap of $451.23 million, a PE ratio of -2.75 and a beta of 1.27. The firm’s 50 day simple moving average is $11.78 and its 200-day simple moving average is $12.04. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $19.86.

Compass Minerals International (NYSE:CMP) last posted 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%. As a group, equities analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Compass Minerals International Company 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.