Compass Minerals International (NYSE:CMP) Shares Down 3.2% - Here's Why

Shares of Compass Minerals International, Inc. (NYSE:CMP - Get Free Report) fell 3.2% on Friday . The company traded as low as $12.03 and last traded at $12.23. 92,612 shares changed hands during trading, a decline of 89% from the average session volume of 830,117 shares. The stock had previously closed at $12.63.

Analyst Ratings Changes

Several research analysts have recently issued reports on CMP shares. BMO Capital Markets restated a "market perform" rating and issued a $20.00 target price on shares of Compass Minerals International in a report on Wednesday, September 18th. StockNews.com raised shares of Compass Minerals International to a "sell" rating in a research report 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $31.00.

Compass Minerals International Price Performance

The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $515.18 million, a price-to-earnings ratio of -3.04 and a beta of 1.11. The company has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $11.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Compass Minerals International by 16.1% during the fourth quarter. Wellington Management Group LLP now owns 140,097 shares of the basic materials company's stock worth $3,547,000 after buying an additional 19,455 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Compass Minerals International by 117.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,391 shares of the basic materials company's stock valued at $111,000 after purchasing an additional 2,376 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Compass Minerals International in the first quarter valued at approximately $289,000. Alpha Omega Wealth Management LLC lifted its holdings in shares of Compass Minerals International by 257.2% during the first quarter. Alpha Omega Wealth Management LLC now owns 43,071 shares of the basic materials company's stock worth $678,000 after purchasing an additional 31,012 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Compass Minerals International by 0.6% during the first quarter. Principal Financial Group Inc. now owns 176,600 shares of the basic materials company's stock worth $2,780,000 after purchasing an additional 1,010 shares during the period. 99.78% of the stock is owned by hedge funds and other institutional investors.

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.