Clearline Capital LP Lowers Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Clearline Capital LP reduced its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 50.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,819 shares of the basic materials company’s stock after selling 32,610 shares during the quarter. Clearline Capital LP owned about 0.08% of Compass Minerals International worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Compass Minerals International by 1,145.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 55,087 shares of the basic materials company’s stock valued at $662,000 after buying an additional 50,664 shares during the period. 272 Capital LP bought a new position in shares of Compass Minerals International in the 3rd quarter worth $226,000. Capstone Investment Advisors LLC purchased a new stake in shares of Compass Minerals International during the 3rd quarter worth $283,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Compass Minerals International by 2.0% during the third 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 valued at $1,074,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Compass Minerals International in the third quarter valued at about $535,000. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Stock Performance

Shares of Compass Minerals International stock opened at $15.43 on Monday. The firm has a market capitalization of $639.56 million, a P/E ratio of -3.76 and a beta of 1.10. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $27.25. The company has a quick ratio of 0.74, a current ratio of 2.90 and a debt-to-equity ratio of 2.47. The company has a 50 day moving average price of $13.15 and a 200 day moving average price of $11.82.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.34). The company had revenue of $202.90 million during the quarter, compared to analysts’ expectations of $201.86 million. Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. Sell-side analysts expect that Compass Minerals International, Inc. will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMP. StockNews.com upgraded shares of Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a $20.00 price target on shares of Compass Minerals International in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.00.

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.