Kornitzer Capital Management Inc. KS Cuts Position in Compass Minerals International, Inc. (NYSE:CMP)

Kornitzer Capital Management Inc. KS decreased its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 14.3% during the 4th quarter, according to its most recent disclosure with the SEC. 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 owned approximately 0.18% of Compass Minerals International worth $836,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Invenomic Capital Management LP raised its stake in shares of Compass Minerals International by 23.9% during the third quarter. Invenomic Capital Management LP now owns 969,085 shares of the basic materials company’s stock valued at $11,648,000 after purchasing an additional 186,717 shares during the period. Geode Capital Management LLC raised its stake in shares of Compass Minerals International by 0.8% during the third quarter. Geode Capital Management LLC now owns 782,811 shares of the basic materials company’s stock valued at $9,412,000 after purchasing an additional 6,062 shares during the period. Lightrock Netherlands B.V. purchased a new stake in shares of Compass Minerals International during the fourth quarter valued at approximately $6,394,000. Bank of Montreal Can raised its stake in shares of Compass Minerals International by 127.5% during 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 purchasing an additional 294,333 shares during the period. Finally, Michelson Medical Research Foundation Inc. purchased a new stake in shares of Compass Minerals International during the third quarter valued at approximately $6,070,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BMO Capital Markets dropped 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. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $13.00 to $15.00 in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th.

Compass Minerals International Stock Up 0.0 %

CMP stock opened at $11.87 on Thursday. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $23.59. 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 has a market capitalization of $492.65 million, a P/E ratio of -3.01 and a beta of 1.21. The firm has a 50 day simple moving average of $12.04 and a 200-day simple moving average of $11.94.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Monday, February 10th. The basic materials company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts predict that Compass Minerals International, Inc. will post -0.18 earnings per share for the current fiscal year.

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.