Quantbot Technologies LP Makes New $535,000 Investment in Compass Minerals International, Inc. (NYSE:CMP)

Quantbot Technologies LP acquired a new stake in Compass Minerals International, Inc. (NYSE:CMP) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 44,535 shares of the basic materials company’s stock, valued at approximately $535,000. Quantbot Technologies LP owned 0.11% of Compass Minerals International as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMP. Vanguard Group Inc. increased its position in shares of Compass Minerals International by 3.6% in the first quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock worth $72,079,000 after purchasing an additional 160,632 shares during the period. Price T Rowe Associates Inc. MD raised its position 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 buying an additional 1,358 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Compass Minerals International during the 1st quarter worth approximately $204,000. CarsonAllaria Wealth Management Ltd. boosted 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 worth $48,000 after acquiring an additional 966 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Compass Minerals International by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 405,238 shares of the basic materials company’s stock valued at $4,186,000 after acquiring an additional 39,383 shares during the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Stock Down 2.1 %

Shares of CMP opened at $14.77 on Wednesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $27.25. The stock has a market capitalization of $612.22 million, a price-to-earnings ratio of -3.60 and a beta of 1.17. The stock has a fifty day moving average of $13.31 and a 200-day moving average of $11.84.

Compass Minerals International (NYSE:CMP) last posted its earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.34). Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. The firm had revenue of $202.90 million during the quarter, compared to the consensus estimate of $201.86 million. As a group, sell-side analysts anticipate that Compass Minerals International, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CMP shares. StockNews.com upgraded Compass Minerals International to a “sell” rating in a research note on Wednesday, September 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $20.00 target price on shares of Compass Minerals International in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Compass Minerals International currently has a consensus rating of “Hold” and a consensus price target of $31.00.

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.