Cove Street Capital LLC Has $2.27 Million Stock Position in Compass Minerals International, Inc. (NYSE:CMP)

Cove Street Capital LLC lessened its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 63.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 201,372 shares of the basic materials company’s stock after selling 350,408 shares during the quarter. Compass Minerals International makes up approximately 2.6% of Cove Street Capital LLC’s investment portfolio, making the stock its 12th largest holding. Cove Street Capital LLC’s holdings in Compass Minerals International were worth $2,266,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CMP. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Compass Minerals International during the third quarter worth $137,000. Bank of Montreal Can boosted its position in Compass Minerals International by 127.5% during the third quarter. Bank of Montreal Can now owns 525,097 shares of the basic materials company’s stock valued at $6,506,000 after acquiring an additional 294,333 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Compass Minerals International during the 3rd quarter worth about $535,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Compass Minerals International by 2.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,357 shares of the basic materials company’s stock worth $1,074,000 after acquiring an additional 1,764 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Compass Minerals International in the 3rd quarter valued at about $283,000. Institutional investors own 99.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CMP. JPMorgan Chase & Co. raised Compass Minerals International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $15.00 in a research note on Wednesday, February 12th. StockNews.com raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets dropped their target price on shares of 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.

Compass Minerals International Stock Performance

Shares of Compass Minerals International stock opened at $9.56 on Friday. The business has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $12.14. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $15.89. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.37 and a quick ratio of 1.12. The firm has a market capitalization of $396.61 million, a price-to-earnings ratio of -2.42 and a beta of 1.27.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, February 10th. The basic materials company reported ($0.55) EPS for the quarter, missing the consensus estimate 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%. On average, research 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.