Compass Minerals International, Inc. (NYSE:CMP) Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,940 shares of the basic materials company’s stock after acquiring an additional 1,482 shares during the period. Wolverine Asset Management LLC’s holdings in Compass Minerals International were worth $805,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CMP. First Eagle Investment Management LLC acquired a new stake in Compass Minerals International during the 1st quarter worth about $1,908,000. Freestone Capital Holdings LLC acquired a new position in Compass Minerals International during the first quarter worth $767,000. Lee Danner & Bass Inc. purchased a new position in Compass Minerals International during the second quarter valued at $2,448,000. Algert Global LLC acquired a new stake in shares of Compass Minerals International in the second quarter valued at about $477,000. Finally, Vanguard Group Inc. raised its position in shares of Compass Minerals International by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock worth $72,079,000 after purchasing an additional 160,632 shares during the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Compass Minerals International Trading Down 3.5 %

CMP opened at $12.53 on Wednesday. The firm has a market capitalization of $519.37 million, a price-to-earnings ratio of -3.06 and a beta of 1.10. The company’s 50 day simple moving average is $11.77 and its two-hundred day simple moving average is $11.65. Compass Minerals International, Inc. has a 1-year low of $7.51 and a 1-year high of $27.25. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.90 and a quick ratio of 0.74.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($0.34). Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.79%. The company had revenue of $202.90 million during the quarter, compared to analysts’ expectations of $201.86 million. Analysts expect that Compass Minerals International, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com upgraded Compass Minerals International to a “sell” rating in a research note on Wednesday, September 18th. BMO Capital Markets reiterated a “market perform” rating and set a $20.00 price target on shares of Compass Minerals International in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.00.

About Compass Minerals International

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.