Geode Capital Management LLC Buys 2,865 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Geode Capital Management LLC increased its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 785,676 shares of the basic materials company’s stock after purchasing an additional 2,865 shares during the quarter. Geode Capital Management LLC owned about 1.89% of Compass Minerals International worth $8,842,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tsfg LLC bought a new stake in shares of Compass Minerals International during the fourth quarter worth $28,000. Denver PWM LLC increased its position in Compass Minerals International by 33.8% in the third quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 946 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Compass Minerals International during the 4th quarter worth about $80,000. New York State Common Retirement Fund lifted its position in Compass Minerals International by 35.9% during the 4th quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 1,900 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Compass Minerals International in the 4th quarter valued at about $187,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CMP. BMO Capital Markets cut 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 report on Wednesday, February 12th. JPMorgan Chase & Co. raised Compass Minerals International from a “neutral” rating to an “overweight” rating and increased their price target for the company from $13.00 to $15.00 in a research note on Wednesday, February 12th. Finally, StockNews.com raised Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th.

Compass Minerals International Stock Down 0.6 %

Shares of NYSE CMP opened at $11.93 on Thursday. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $15.82. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. The stock has a market cap of $495.23 million, a P/E ratio of -3.02 and a beta of 1.17. The firm has a 50 day moving average price of $10.49 and a 200 day moving average price of $12.03.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, February 10th. The basic materials company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.50). Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. Analysts expect that Compass Minerals International, Inc. will post -0.53 EPS for the current 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.