GSA Capital Partners LLP Grows Stock Holdings in Compass Minerals International, Inc. $CMP

GSA Capital Partners LLP raised its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 357.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,742 shares of the basic materials company’s stock after acquiring an additional 49,793 shares during the period. GSA Capital Partners LLP’s holdings in Compass Minerals International were worth $1,224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC increased its holdings in shares of Compass Minerals International by 95.0% in the second quarter. CWM LLC now owns 1,363 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 664 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in Compass Minerals International by 11.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,863 shares of the basic materials company’s stock valued at $158,000 after buying an additional 791 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Compass Minerals International by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock worth $192,000 after buying an additional 858 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Compass Minerals International by 8.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,070 shares of the basic materials company’s stock worth $403,000 after acquiring an additional 1,555 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Compass Minerals International in the third quarter valued at about $31,000. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CMP. Deutsche Bank Aktiengesellschaft cut their price target on shares of Compass Minerals International from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Wall Street Zen raised Compass Minerals International from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Zacks Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Loop Capital set a $24.00 price target on Compass Minerals International in a research note on Tuesday, December 30th. Finally, Compass Point set a $22.00 price objective on Compass Minerals International in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $22.00.

Compass Minerals International Stock Performance

CMP opened at $23.69 on Thursday. Compass Minerals International, Inc. has a 1-year low of $8.60 and a 1-year high of $27.00. The stock has a market cap of $991.83 million, a P/E ratio of -25.75 and a beta of 1.17. The stock’s 50 day simple moving average is $22.23 and its 200 day simple moving average is $19.91. The company has a debt-to-equity ratio of 3.39, a current ratio of 2.59 and a quick ratio of 1.53.

Compass Minerals International (NYSE:CMP) last posted its earnings results on Wednesday, February 4th. The basic materials company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. Compass Minerals International had a positive return on equity of 8.69% and a negative net margin of 2.82%.The company had revenue of $396.10 million for the quarter, compared to the consensus estimate of $329.23 million. During the same period in the previous year, the business earned ($0.55) earnings per share. Compass Minerals International’s quarterly revenue was up 28.9% compared to the same quarter last year. As a group, equities analysts anticipate that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

About Compass Minerals International

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.