Denver PWM LLC Acquires 946 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Denver PWM LLC grew its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 33.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,745 shares of the basic materials company’s stock after buying an additional 946 shares during the period. Denver PWM LLC’s holdings in Compass Minerals International were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Michelson Medical Research Foundation Inc. bought a new position in Compass Minerals International in the 3rd quarter worth about $6,070,000. SW Investment Management LLC bought a new position in shares of Compass Minerals International in the second quarter valued at approximately $3,099,000. Bank of Montreal Can boosted its position in shares of Compass Minerals International by 127.5% in the third quarter. Bank of Montreal Can now owns 525,097 shares of the basic materials company’s stock valued at $6,506,000 after acquiring an additional 294,333 shares during the period. Lee Danner & Bass Inc. purchased a new position in Compass Minerals International during the second quarter valued at approximately $2,448,000. Finally, Invenomic Capital Management LP increased its holdings in Compass Minerals International by 23.9% during the 3rd quarter. Invenomic Capital Management LP now owns 969,085 shares of the basic materials company’s stock worth $11,648,000 after acquiring an additional 186,717 shares during the period. 99.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BMO Capital Markets reiterated a “market perform” rating and issued a $20.00 price objective on shares of Compass Minerals International in a research report on Wednesday, September 18th. StockNews.com upgraded Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.00.

Compass Minerals International Price Performance

Shares of Compass Minerals International stock opened at $13.29 on Friday. The business’s 50-day moving average price is $13.56 and its 200-day moving average price is $11.90. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 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.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $202.90 million for the quarter, compared to analysts’ expectations of $201.86 million. Analysts expect that Compass Minerals International, Inc. will post 0.04 EPS for the current year.

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.