Weiss Asset Management LP Invests $1.18 Million in Compass Minerals International, Inc. (NYSE:CMP)

Weiss Asset Management LP acquired a new stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 97,947 shares of the basic materials company's stock, valued at approximately $1,177,000. Weiss Asset Management LP owned about 0.24% of Compass Minerals International at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CMP. CarsonAllaria Wealth Management Ltd. boosted its holdings in Compass Minerals International by 26.2% in the second 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Compass Minerals International by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,722 shares of the basic materials company's stock valued at $516,000 after purchasing an additional 1,358 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Compass Minerals International by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 38,326 shares of the basic materials company's stock valued at $461,000 after purchasing an additional 1,437 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Compass Minerals International by 2.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 66,940 shares of the basic materials company's stock worth $805,000 after purchasing an additional 1,482 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Compass Minerals International by 2.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,357 shares of the basic materials company's stock worth $1,074,000 after purchasing an additional 1,764 shares in the last quarter. Hedge funds and other institutional investors own 99.78% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com raised 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 objective on shares of Compass Minerals International in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $31.00.

Compass Minerals International Stock Performance

Shares of NYSE CMP traded up $0.08 during trading on Monday, reaching $13.66. 620,558 shares of the stock were exchanged, compared to its average volume of 810,005. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $27.25. The company has a current ratio of 2.90, a quick ratio of 0.74 and a debt-to-equity ratio of 2.47. The business's 50-day moving average price is $13.43 and its 200 day moving average price is $11.86.

Compass Minerals International (NYSE:CMP - Get Free Report) last announced its earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.67) by ($0.34). The business had revenue of $202.90 million during the quarter, compared to analyst estimates of $201.86 million. Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. Equities analysts predict that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal year.

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.