Compass Minerals International, Inc. (NYSE:CMP) Stock Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 98.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,378 shares of the basic materials company’s stock after buying an additional 18,527 shares during the period. Oppenheimer Asset Management Inc. owned about 0.09% of Compass Minerals International worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Compass Minerals International by 629.4% during the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 2,077 shares in the last quarter. Denver PWM LLC acquired a new stake in Compass Minerals International during the second quarter worth about $29,000. Ridgewood Investments LLC bought a new position in Compass Minerals International in the second quarter worth $37,000. Nisa Investment Advisors LLC raised its position in Compass Minerals International by 247.7% in the third quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 2,928 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Compass Minerals International during the second quarter worth $45,000. 99.78% of the stock is owned by hedge funds and other institutional investors.

Compass Minerals International Trading Down 0.6 %

Shares of NYSE:CMP opened at $14.67 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 2.90 and a debt-to-equity ratio of 2.47. The firm has a market cap of $608.07 million, a price-to-earnings ratio of -3.58 and a beta of 1.10. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $27.25. The company’s fifty day simple moving average is $12.32 and its 200 day simple moving average is $11.69.

Compass Minerals International (NYSE:CMP) last released its earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($0.34). The company had revenue of $202.90 million for the quarter, compared to the consensus estimate of $201.86 million. Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. As a group, research analysts forecast that Compass Minerals International, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMP has been the subject of several research analyst reports. StockNews.com upgraded Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. BMO Capital Markets reissued 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Compass Minerals International has a consensus rating of “Hold” and a consensus price target of $31.00.

Compass Minerals International 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.