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

O Keefe Stevens Advisory Inc. raised its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 657,161 shares of the basic materials company’s stock after purchasing an additional 25,889 shares during the quarter. Compass Minerals International accounts for 3.0% of O Keefe Stevens Advisory Inc.’s investment portfolio, making the stock its 14th largest position. O Keefe Stevens Advisory Inc. owned approximately 1.57% of Compass Minerals International worth $14,484,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Compass Minerals International in the second quarter valued at $43,000. Allworth Financial LP increased its position in shares of Compass Minerals International by 454.3% during the second quarter. Allworth Financial LP now owns 1,929 shares of the basic materials company’s stock valued at $60,000 after buying an additional 1,581 shares during the period. Corient Private Wealth LP purchased a new stake in shares of Compass Minerals International in the second quarter worth about $757,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Compass Minerals International in the second quarter worth about $423,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Compass Minerals International in the second quarter valued at approximately $10,755,000. 99.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CMP shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Compass Minerals International from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, August 31st. Compass Point set a $27.00 price objective on shares of Compass Minerals International in a research report on Monday, August 10th. BMO Capital Markets reiterated a “market perform” rating on shares of Compass Minerals International in a research report on Tuesday. Weiss Ratings raised shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $27.00 target price (down from $30.00) on shares of Compass Minerals International in a research report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Compass Minerals International has an average rating of “Reduce” and a consensus price target of $27.00.

Compass Minerals International Trading Down 1.3%

Shares of Compass Minerals International stock traded down $0.29 during trading on Friday, reaching $22.79. The company’s stock had a trading volume of 76,661 shares, compared to its average volume of 531,535. The company has a quick ratio of 0.98, a current ratio of 2.01 and a debt-to-equity ratio of 2.72. Compass Minerals International, Inc. has a 52-week low of $16.40 and a 52-week high of $34.50. The firm’s 50-day moving average is $24.86 and its two-hundred day moving average is $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 released its earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). The company had revenue of $215.30 million during the quarter, compared to the consensus estimate of $207.75 million. Compass Minerals International had a net margin of 1.42% and a return on equity of 12.75%. The company’s revenue was up .3% on a year-over-year basis. During the same period last year, the firm posted ($0.39) EPS. On average, sell-side analysts anticipate that Compass Minerals International, Inc. will post 0.93 earnings per share for the current year.

About Compass Minerals International

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.