Point72 DIFC Ltd Reduces Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Point72 DIFC Ltd lowered its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 30.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,574 shares of the basic materials company’s stock after selling 4,139 shares during the period. Point72 DIFC Ltd’s holdings in Compass Minerals International were worth $115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC lifted its stake in Compass Minerals International by 629.4% in the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after buying an additional 2,077 shares in the last quarter. Denver PWM LLC purchased a new stake in shares of Compass Minerals International in the second quarter valued at $29,000. Ridgewood Investments LLC acquired a new stake in shares of Compass Minerals International during the second quarter valued at $37,000. Nisa Investment Advisors LLC increased its position in Compass Minerals International by 247.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 2,928 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Compass Minerals International in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a research note on Wednesday, September 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $20.00 price target on shares of Compass Minerals International in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.00.

Compass Minerals International Price Performance

Compass Minerals International stock opened at $13.57 on Monday. Compass Minerals International, Inc. has a 1 year low of $7.51 and a 1 year high of $27.25. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90. The firm has a 50 day moving average price of $13.43 and a 200 day moving average price of $11.86. The company has a market cap of $562.48 million, a price-to-earnings ratio of -3.31 and a beta of 1.17.

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