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Fmr LLC Lowers Position in Compass Minerals International, Inc. (NYSE:CMP)

Compass Minerals International logo with Basic Materials background

FMR LLC decreased its holdings in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 38.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 802,428 shares of the basic materials company's stock after selling 498,502 shares during the quarter. FMR LLC owned about 1.94% of Compass Minerals International worth $9,645,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Denver PWM LLC acquired a new stake in shares of Compass Minerals International in the 2nd quarter worth approximately $29,000. Signaturefd LLC grew its holdings in Compass Minerals International by 629.4% in the third quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 2,077 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of Compass Minerals International in the second quarter valued at $37,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Compass Minerals International in the second quarter valued at $45,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Compass Minerals International during the 2nd quarter worth $46,000. Institutional investors and hedge funds own 99.78% of the company's stock.

Compass Minerals International Price Performance

CMP stock traded down $0.30 during trading on Thursday, hitting $13.29. The stock had a trading volume of 770,703 shares, compared to its average volume of 811,698. The stock has a market cap of $550.86 million, a price-to-earnings ratio of -3.32 and a beta of 1.17. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90. The company's 50 day moving average price is $13.53 and its two-hundred day moving average price is $11.89. Compass Minerals International, Inc. has a 1-year low of $7.51 and a 1-year high of $27.25.

Compass Minerals International (NYSE:CMP - Get Free Report) last posted its quarterly earnings data on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $202.90 million during the quarter, compared to analyst estimates of $201.86 million. On average, sell-side analysts forecast that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

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

Get Our Latest Stock Report on Compass Minerals International

About Compass Minerals International

(Free Report)

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.

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Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

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