Alpha Omega Wealth Management LLC Sells 5,292 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Alpha Omega Wealth Management LLC cut its stake in Compass Minerals International, Inc. (NYSE:CMP) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,247 shares of the basic materials company’s stock after selling 5,292 shares during the quarter. Alpha Omega Wealth Management LLC owned about 0.15% of Compass Minerals International worth $678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of Compass Minerals International by 47.6% in the 2nd quarter. Sei Investments Co. now owns 27,760 shares of the basic materials company’s stock worth $287,000 after acquiring an additional 8,950 shares during the last quarter. Bank of Montreal Can lifted its stake in Compass Minerals International by 330.1% in the second quarter. Bank of Montreal Can now owns 230,764 shares of the basic materials company’s stock worth $2,384,000 after purchasing an additional 177,105 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Compass Minerals International during the second quarter valued at approximately $1,274,000. Algert Global LLC bought a new position in shares of Compass Minerals International during the second quarter valued at approximately $477,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Compass Minerals International by 150.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,350 shares of the basic materials company’s stock worth $138,000 after buying an additional 8,024 shares during the period. 99.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut their price objective on Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 18th.

Compass Minerals International Price Performance

Shares of CMP stock opened at $11.66 on Friday. The company’s 50-day simple moving average is $12.80 and its two-hundred day simple moving average is $12.03. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $23.70. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.80 and a current ratio of 2.71.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, December 16th. The basic materials company reported ($0.77) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.82). Compass Minerals International had a negative return on equity of 2.15% and a negative net margin of 19.24%. The firm had revenue of $208.80 million for the quarter, compared to analysts’ expectations of $323.61 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was down 38.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Compass Minerals International, Inc. will post 0.33 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.