Compass Minerals International, Inc. $CMP Stock Purchased by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. increased its position in Compass Minerals International, Inc. (NYSE:CMP) by 4.1% during the third quarter, HoldingsChannel.com reports. The firm owned 657,161 shares of the basic materials company’s stock after acquiring an additional 25,889 shares during the quarter. Compass Minerals International makes up approximately 3.0% of O Keefe Stevens Advisory Inc.’s holdings, making the stock its 14th largest holding. O Keefe Stevens Advisory Inc.’s holdings in Compass Minerals International were worth $14,484,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMP. SailingStone Capital Partners LLC boosted its position in shares of Compass Minerals International by 6.1% during the fourth quarter. SailingStone Capital Partners LLC now owns 5,414,067 shares of the basic materials company’s stock valued at $106,332,000 after buying an additional 308,957 shares during the last quarter. Engine Capital Management LP boosted its holdings in Compass Minerals International by 275.4% in the first quarter. Engine Capital Management LP now owns 1,439,065 shares of the basic materials company’s stock worth $33,602,000 after purchasing an additional 1,055,740 shares during the last quarter. Irenic Capital Management LP bought a new position in shares of Compass Minerals International during the 1st quarter valued at $33,520,000. Bank of America Corp DE grew its holdings in shares of Compass Minerals International by 692.8% in the first quarter. Bank of America Corp DE now owns 1,253,045 shares of the basic materials company’s stock worth $29,259,000 after acquiring an additional 1,094,987 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Compass Minerals International by 18.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 913,683 shares of the basic materials company’s stock valued at $21,333,000 after purchasing an additional 140,918 shares during the period. 99.78% of the stock is currently owned by institutional investors.

Compass Minerals International Price Performance

Compass Minerals International stock traded down $0.29 during mid-day trading on Friday, reaching $22.79. 76,661 shares of the company’s stock traded hands, compared to its average volume of 531,535. Compass Minerals International, Inc. has a 12-month low of $16.40 and a 12-month high of $34.50. The company has a quick ratio of 0.98, a current ratio of 2.01 and a debt-to-equity ratio of 2.72. The stock has a 50 day moving average of $24.86 and a two-hundred day moving average of $27.07. The company has a market cap of $956.75 million, a price-to-earnings ratio of 53.01 and a beta of 1.25.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). Compass Minerals International had a net margin of 1.42% and a return on equity of 12.75%. The business had revenue of $215.30 million during the quarter, compared to the consensus estimate of $207.75 million. During the same period in the previous year, the business posted ($0.39) EPS. The firm’s revenue was up .3% on a year-over-year basis. Equities analysts forecast that Compass Minerals International, Inc. will post 0.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CMP. Weiss Ratings raised Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 28th. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Compass Minerals International in a report on Tuesday. JPMorgan Chase & Co. restated an “underweight” rating and issued a $27.00 price objective (down from $30.00) on shares of Compass Minerals International in a research report on Monday, August 10th. Finally, Compass Point set a $27.00 price target on Compass Minerals International in a report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $27.00.

Compass Minerals International Company Profile

Compass Minerals International, Inc is a producer of essential minerals serving the transportation, agriculture, consumer products and industrial markets. The company’s principal businesses are salt and plant nutrition, with operations and customers primarily in North America.

Compass Minerals produces highway deicing salt used by transportation agencies and municipalities to help keep roads clear during winter weather. It also supplies salt for food processing, water treatment, animal feed, chemical manufacturing and other industrial and consumer applications.