Algert Global LLC Purchases Shares of 46,197 Compass Minerals International, Inc. (NYSE:CMP)

Algert Global LLC acquired a new position in Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 46,197 shares of the basic materials company's stock, valued at approximately $477,000. Algert Global LLC owned 0.11% of Compass Minerals International at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CMP. First Eagle Investment Management LLC acquired a new stake in Compass Minerals International during the 1st quarter valued at $1,908,000. Freestone Capital Holdings LLC acquired a new stake in Compass Minerals International during the 1st quarter valued at $767,000. Wellington Management Group LLP increased its holdings in Compass Minerals International by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 140,097 shares of the basic materials company's stock valued at $3,547,000 after purchasing an additional 19,455 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in Compass Minerals International during the 2nd quarter valued at $2,448,000. Finally, Wolverine Asset Management LLC acquired a new stake in Compass Minerals International during the 2nd quarter valued at $676,000. 99.78% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Trading Down 0.6 %

Shares of NYSE:CMP traded down $0.07 during midday trading on Tuesday, hitting $12.11. The company had a trading volume of 612,712 shares, compared to its average volume of 833,979. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $28.70. The company has a current ratio of 2.98, a quick ratio of 1.15 and a debt-to-equity ratio of 2.25. The stock has a market cap of $500.55 million, a price-to-earnings ratio of -5.79, a PEG ratio of 1.16 and a beta of 1.11. The firm has a fifty day simple moving average of $10.30 and a 200 day simple moving average of $11.84.

Wall Street Analysts Forecast Growth

CMP has been the topic of a number of recent research reports. StockNews.com upgraded Compass Minerals International to a "sell" rating in a research report on Wednesday, September 18th. BMO Capital Markets reiterated a "market perform" rating and issued a $20.00 price objective 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 given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.