Quadrature Capital Ltd Purchases New Shares in Compass Minerals International, Inc. (NYSE:CMP)

Quadrature Capital Ltd acquired a new position in Compass Minerals International, Inc. (NYSE:CMP) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,654 shares of the basic materials company’s stock, valued at approximately $296,000. Quadrature Capital Ltd owned 0.06% of Compass Minerals International as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of CMP. Signaturefd LLC grew 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 acquiring an additional 2,077 shares during the period. Denver PWM LLC acquired a new stake in shares of Compass Minerals International in the second quarter valued at about $29,000. Ridgewood Investments LLC purchased a new stake in shares of Compass Minerals International during the second quarter worth about $37,000. Nisa Investment Advisors LLC raised its position in shares of 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Compass Minerals International in the 2nd quarter valued at about $45,000. 99.78% of the stock is owned by hedge funds and other institutional investors.

Compass Minerals International Trading Up 3.4 %

Shares of Compass Minerals International stock opened at $14.12 on Wednesday. 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 current ratio of 2.90 and a quick ratio of 0.74. The stock has a market cap of $585.26 million, a P/E ratio of -3.44 and a beta of 1.17. The stock’s 50 day simple moving average is $13.50 and its 200-day simple moving average is $11.88.

Compass Minerals International (NYSE:CMP) last issued its earnings results 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). Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. The company had revenue of $202.90 million during the quarter, compared to analysts’ expectations of $201.86 million. Analysts predict that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Compass Minerals International

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.