SW Investment Management LLC Invests $3.10 Million in Compass Minerals International, Inc. (NYSE:CMP)

SW Investment Management LLC acquired a new position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 300,000 shares of the basic materials company's stock, valued at approximately $3,099,000. Compass Minerals International comprises approximately 1.0% of SW Investment Management LLC's investment portfolio, making the stock its 12th largest position. SW Investment Management LLC owned about 0.73% of Compass Minerals International at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. First Eagle Investment Management LLC purchased a new stake in Compass Minerals International in the first quarter valued at $1,908,000. Morningstar Investment Services LLC lifted its position in Compass Minerals International by 89.2% in the fourth quarter. Morningstar Investment Services LLC now owns 1,352,718 shares of the basic materials company's stock valued at $35,333,000 after acquiring an additional 637,883 shares during the last quarter. Yost Capital Management LP purchased a new stake in Compass Minerals International in the fourth quarter valued at $4,583,000. Freestone Capital Holdings LLC purchased a new stake in Compass Minerals International in the first quarter valued at $767,000. Finally, Wellington Management Group LLP lifted its position in Compass Minerals International by 16.1% in the fourth quarter. Wellington Management Group LLP now owns 140,097 shares of the basic materials company's stock valued at $3,547,000 after acquiring an additional 19,455 shares during the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

Compass Minerals International Stock Performance

Shares of NYSE:CMP traded down $0.18 on Wednesday, reaching $12.14. The company's stock had a trading volume of 694,773 shares, compared to its average volume of 835,898. The stock's 50-day moving average is $10.38 and its two-hundred day moving average is $12.04. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $28.70. The company has a debt-to-equity ratio of 2.25, a current ratio of 2.98 and a quick ratio of 1.15. The stock has a market capitalization of $501.79 million, a P/E ratio of -5.74, a PEG ratio of 1.16 and a beta of 1.11.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMP. StockNews.com raised shares of Compass Minerals International to a "sell" rating in a research report on Wednesday, September 18th. BMO Capital Markets reissued a "market perform" rating and issued a $20.00 price target on shares of Compass Minerals International in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Compass Minerals International has an average rating of "Hold" and an average target price 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.