Squarepoint Ops LLC Invests $1.27 Million in Compass Minerals International, Inc. (NYSE:CMP)

Squarepoint Ops LLC purchased a new position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 123,333 shares of the basic materials company's stock, valued at approximately $1,274,000. Squarepoint Ops LLC owned approximately 0.30% of Compass Minerals International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMP. CarsonAllaria Wealth Management Ltd. raised its position in shares of Compass Minerals International by 26.2% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 4,659 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 966 shares in the last quarter. Principal Financial Group Inc. raised 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. Price T Rowe Associates Inc. MD raised its holdings in shares of Compass Minerals International by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,722 shares of the basic materials company's stock worth $516,000 after purchasing an additional 1,358 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of Compass Minerals International by 0.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 860,796 shares of the basic materials company's stock worth $8,892,000 after purchasing an additional 2,167 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Compass Minerals International by 8.2% during the first quarter. BNP Paribas Financial Markets now owns 30,553 shares of the basic materials company's stock worth $481,000 after purchasing an additional 2,311 shares during the period. Institutional investors own 99.78% of the company's stock.

Compass Minerals International Price Performance

CMP traded up $0.31 on Friday, reaching $12.06. The company had a trading volume of 623,613 shares, compared to its average volume of 833,222. The company has a fifty day moving average of $10.33 and a 200-day moving average of $11.92. The company has a market capitalization of $498.49 million, a P/E ratio of -5.77, a PEG ratio of 1.16 and a beta of 1.11. The company has a current ratio of 2.98, a quick ratio of 1.15 and a debt-to-equity ratio of 2.25. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $28.70.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Compass Minerals International to a "sell" rating in a research report on Wednesday, September 18th. BMO Capital Markets restated a "market perform" rating and set a $20.00 price target on shares of Compass Minerals International in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $31.00.

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.