Compass Minerals International, Inc. (NYSE:CMP) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 14.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 74,285 shares of the basic materials company’s stock after selling 12,360 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Compass Minerals International were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its stake in shares of Compass Minerals International by 3.6% during the fourth quarter. Ballentine Partners LLC now owns 21,559 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 748 shares in the last quarter. Denver PWM LLC raised its stake in shares of Compass Minerals International by 33.8% during the third quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 946 shares in the last quarter. Wolverine Asset Management LLC raised its stake in shares of Compass Minerals International by 2.3% during the third quarter. Wolverine Asset Management LLC now owns 66,940 shares of the basic materials company’s stock valued at $805,000 after purchasing an additional 1,482 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Compass Minerals International by 2.0% during the third 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 valued at $1,074,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Compass Minerals International by 629.4% during the third quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,077 shares in the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Price Performance

Shares of Compass Minerals International stock opened at $11.87 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67. The company’s 50-day moving average price is $12.04 and its two-hundred day moving average price is $11.94. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $23.59. The stock has a market cap of $492.65 million, a PE ratio of -3.01 and a beta of 1.21.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, February 10th. The basic materials company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.50). Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. As a group, sell-side analysts anticipate that Compass Minerals International, Inc. will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMP. BMO Capital Markets cut their price objective on shares of Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 12th. StockNews.com upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th.

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.