Compass Minerals International (NYSE:CMP) Shares Down 4.7% – Should You Sell?

Compass Minerals International, Inc. (NYSE:CMP) traded down 4.7% on Thursday . The company traded as low as $13.14 and last traded at $13.04. 68,807 shares changed hands during trading, a decline of 86% from the average session volume of 497,861 shares. The stock had previously closed at $13.68.

Analysts Set New Price Targets

Separately, BMO Capital Markets decreased their price objective on Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, December 18th.

Compass Minerals International Stock Performance

The stock has a market capitalization of $543.41 million, a price-to-earnings ratio of -2.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. The company has a quick ratio of 0.80, a current ratio of 2.71 and a debt-to-equity ratio of 2.87. The stock’s 50-day simple moving average is $13.07 and its 200 day simple moving average is $11.96.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, December 16th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.82). Compass Minerals International had a negative net margin of 19.24% and a negative return on equity of 2.15%. The firm had revenue of $208.80 million for the quarter, compared to analyst estimates of $323.61 million. During the same period last year, the company earned $0.05 EPS. The company’s revenue was down 38.9% compared to the same quarter last year. Analysts expect that Compass Minerals International, Inc. will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Compass Minerals International

Institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC raised its position in Compass Minerals International by 3.6% in the 4th quarter. Ballentine Partners LLC now owns 21,559 shares of the basic materials company’s stock valued at $243,000 after buying an additional 748 shares during the last quarter. Denver PWM LLC lifted its holdings in Compass Minerals International by 33.8% during the 3rd quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 946 shares during the last quarter. Inspire Investing LLC raised its holdings in Compass Minerals International by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 38,326 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 1,437 shares during the period. Wolverine Asset Management LLC lifted its holdings in Compass Minerals International by 2.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 66,940 shares of the basic materials company’s stock worth $805,000 after purchasing an additional 1,482 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in 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 valued at $1,074,000 after buying an additional 1,764 shares in the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.

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.