Point72 Asia Singapore Pte. Ltd. Buys 50,664 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 1,145.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 55,087 shares of the basic materials company’s stock after acquiring an additional 50,664 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Compass Minerals International were worth $662,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in Compass Minerals International during the second quarter worth about $2,448,000. Algert Global LLC bought a new stake in Compass Minerals International in the second quarter valued at approximately $477,000. Wolverine Asset Management LLC bought a new stake in Compass Minerals International in the second quarter valued at approximately $676,000. Vanguard Group Inc. raised its stake in Compass Minerals International by 3.6% in the first quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock valued at $72,079,000 after buying an additional 160,632 shares during the period. Finally, SW Investment Management LLC bought a new stake in Compass Minerals International in the second quarter valued at approximately $3,099,000. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Price Performance

Compass Minerals International stock opened at $15.43 on Monday. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $27.25. The stock’s 50 day moving average is $13.15 and its 200-day moving average is $11.82. The company has a current ratio of 2.90, a quick ratio of 0.74 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $639.56 million, a price-to-earnings ratio of -3.76 and a beta of 1.10.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.34). The company had revenue of $202.90 million for the quarter, compared to analyst estimates of $201.86 million. Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. Equities research analysts expect that Compass Minerals International, Inc. will post 0.04 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CMP. BMO Capital Markets restated a “market perform” rating and issued a $20.00 price objective on shares of Compass Minerals International in a research note on Wednesday, September 18th. StockNews.com upgraded Compass Minerals International to a “sell” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.00.

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.