Intech Investment Management LLC Sells 7,447 Shares of Compass Minerals International, Inc. $CMP

Intech Investment Management LLC lessened its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 32.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,557 shares of the basic materials company’s stock after selling 7,447 shares during the period. Intech Investment Management LLC’s holdings in Compass Minerals International were worth $313,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in shares of Compass Minerals International during the first quarter valued at approximately $4,279,000. American Century Companies Inc. grew its holdings in Compass Minerals International by 275.5% during the 1st quarter. American Century Companies Inc. now owns 581,231 shares of the basic materials company’s stock valued at $5,400,000 after buying an additional 426,458 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in shares of Compass Minerals International in the first quarter worth about $3,944,000. O Keefe Stevens Advisory Inc. raised its position in shares of Compass Minerals International by 85.8% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 545,828 shares of the basic materials company’s stock valued at $10,966,000 after buying an additional 252,036 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Compass Minerals International by 28.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 487,937 shares of the basic materials company’s stock valued at $4,533,000 after purchasing an additional 107,366 shares during the last quarter. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Trading Up 3.4%

Shares of NYSE:CMP opened at $19.08 on Monday. Compass Minerals International, Inc. has a twelve month low of $8.60 and a twelve month high of $22.69. The company has a current ratio of 2.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.30. The firm has a market cap of $795.43 million, a P/E ratio of -6.53 and a beta of 1.13. The company has a 50 day moving average of $18.24 and a 200-day moving average of $19.28.

Analyst Ratings Changes

A number of equities research analysts recently commented on CMP shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Minerals International in a research report on Wednesday, October 8th. JPMorgan Chase & Co. restated an “underweight” rating and set a $18.00 price target (up from $15.00) on shares of Compass Minerals International in a research report on Wednesday, August 13th. Zacks Research upgraded shares of Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen cut Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Compass Minerals International has a consensus rating of “Reduce” and an average target price of $20.00.

Compass Minerals International 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.