Net Worth Advisory Group Purchases New Position in Compass Minerals International, Inc. (NYSE:CMP)

Net Worth Advisory Group purchased a new stake in Compass Minerals International, Inc. (NYSE:CMP) during the first quarter, Holdings Channel reports. The institutional investor purchased 19,161 shares of the basic materials company’s stock, valued at approximately $178,000.

Other hedge funds have also modified their holdings of the company. Koch Inc. acquired a new stake in shares of Compass Minerals International in the 4th quarter valued at approximately $79,139,000. Jones Financial Companies Lllp raised its position in shares of Compass Minerals International by 44.1% in the 4th quarter. Jones Financial Companies Lllp now owns 18,111 shares of the basic materials company’s stock valued at $204,000 after acquiring an additional 5,544 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Compass Minerals International in the 4th quarter valued at approximately $1,439,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Compass Minerals International by 18.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,915 shares of the basic materials company’s stock valued at $1,192,000 after acquiring an additional 16,558 shares during the period. Finally, Invesco Ltd. raised its position in shares of Compass Minerals International by 42.2% in the 4th quarter. Invesco Ltd. now owns 199,794 shares of the basic materials company’s stock valued at $2,248,000 after acquiring an additional 59,312 shares during the period. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Stock Performance

Shares of CMP stock opened at $19.18 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. The company has a market capitalization of $796.05 million, a P/E ratio of -4.86 and a beta of 1.11. The company’s 50 day moving average price is $15.99 and its two-hundred day moving average price is $13.17. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $20.96.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.39 by $0.24. The firm had revenue of $494.60 million for the quarter, compared to the consensus estimate of $413.96 million. Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. Compass Minerals International’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMP has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Compass Minerals International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 8th. BMO Capital Markets raised their target price on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a “market perform” rating in a report on Monday, May 12th.

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.