HighTower Advisors LLC Acquires Shares of 59,918 Compass Minerals International, Inc. (NYSE:CMP)

Posted by on May 23rd, 2023

HighTower Advisors LLC acquired a new stake in Compass Minerals International, Inc. (NYSE:CMP – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 59,918 shares of the basic materials company’s stock, valued at approximately $2,456,000. HighTower Advisors LLC owned approximately 0.15% of Compass Minerals International as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd increased its stake in shares of Compass Minerals International by 438.8% in the 3rd quarter. Point72 Hong Kong Ltd now owns 1,417 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 1,154 shares during the last quarter. Almanack Investment Partners LLC. acquired a new stake in shares of Compass Minerals International during the 3rd quarter worth about $66,000. Concord Wealth Partners acquired a new stake in shares of Compass Minerals International during the 4th quarter worth about $79,000. Tower Research Capital LLC TRC increased its position in shares of Compass Minerals International by 120.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,175 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Compass Minerals International by 10.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,275 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 91.94% of the company’s stock.

Compass Minerals International Stock Performance

Shares of CMP opened at $34.32 on Tuesday. The stock has a 50-day simple moving average of $32.38 and a 200-day simple moving average of $38.77. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.59 and a current ratio of 2.54. The stock has a market capitalization of $1.41 billion, a PE ratio of -35.38 and a beta of 1.34. Compass Minerals International, Inc. has a 1 year low of $28.89 and a 1 year high of $47.68.

Compass Minerals International (NYSE:CMP – Get Rating) last announced its quarterly earnings data on Tuesday, May 9th. The basic materials company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.99). The company had revenue of $411.10 million during the quarter, compared to analysts’ expectations of $427.00 million. Compass Minerals International had a negative net margin of 2.99% and a negative return on equity of 6.08%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. On average, analysts predict that Compass Minerals International, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CMP shares. Deutsche Bank Aktiengesellschaft cut their price objective on Compass Minerals International from $50.00 to $45.00 in a research report on Monday. StockNews.com assumed coverage on Compass Minerals International in a research report on Thursday, May 18th. They issued a “hold” rating for the company. CL King dropped their target price on Compass Minerals International from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, March 23rd. Finally, Stifel Nicolaus lifted their price objective on Compass Minerals International from $81.00 to $82.00 in a research note on Thursday, May 11th.

Compass Minerals International Company Profile

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Compass Minerals International, Inc engages in the production of salt, sulfate of potassium, and magnesium chloride, and in the provision of records storage. It operates through the Salt and Plant Nutrition segments. The Salt segment provides highway de-icing salt. The Plant Nutrition segment produces and markets SOP products in various grades worldwide to distributors and retailers of crop inputs.

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Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

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