Invenomic Capital Management LP Makes New Investment in Compass Minerals International, Inc. (NYSE:CMP)

Invenomic Capital Management LP purchased a new position in shares of Compass Minerals International, Inc. (NYSE:CMP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 475,604 shares of the basic materials company’s stock, valued at approximately $7,486,000. Invenomic Capital Management LP owned about 1.15% of Compass Minerals International at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Paloma Partners Management Co acquired a new stake in shares of Compass Minerals International in the first quarter worth approximately $216,000. Price T Rowe Associates Inc. MD boosted its position in shares of Compass Minerals International by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,722 shares of the basic materials company’s stock worth $516,000 after acquiring an additional 1,358 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of Compass Minerals International in the first quarter worth approximately $767,000. EntryPoint Capital LLC acquired a new stake in shares of Compass Minerals International in the first quarter worth approximately $249,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Compass Minerals International by 12.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 36,670 shares of the basic materials company’s stock worth $577,000 after acquiring an additional 4,005 shares during the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Trading Up 0.2 %

NYSE CMP traded up $0.02 during mid-day trading on Tuesday, hitting $12.89. The company’s stock had a trading volume of 465,310 shares, compared to its average volume of 706,701. Compass Minerals International, Inc. has a 52-week low of $9.76 and a 52-week high of $39.78. The stock’s fifty day simple moving average is $11.91 and its two-hundred day simple moving average is $15.72. The company has a debt-to-equity ratio of 2.25, a current ratio of 2.98 and a quick ratio of 1.15. The firm has a market capitalization of $532.74 million, a P/E ratio of -6.17, a price-to-earnings-growth ratio of 0.58 and a beta of 1.13.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $1.49 EPS for the quarter, beating the consensus estimate of $0.23 by $1.26. Compass Minerals International had a negative net margin of 7.47% and a positive return on equity of 22.03%. The firm had revenue of $364.00 million for the quarter, compared to analyst estimates of $386.97 million. During the same quarter last year, the firm posted ($0.46) earnings per share. Compass Minerals International’s revenue for the quarter was down 11.5% compared to the same quarter last year. Research analysts expect that Compass Minerals International, Inc. will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Loop Capital raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and decreased their target price for the stock from $26.00 to $23.00 in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.