Ewing Morris & Co. Investment Partners Ltd. Sells 1,443,527 Shares of Compass Minerals International, Inc. $CMP

Ewing Morris & Co. Investment Partners Ltd. trimmed its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 71.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 570,800 shares of the basic materials company’s stock after selling 1,443,527 shares during the period. Compass Minerals International accounts for approximately 9.2% of Ewing Morris & Co. Investment Partners Ltd.’s portfolio, making the stock its largest position. Ewing Morris & Co. Investment Partners Ltd.’s holdings in Compass Minerals International were worth $17,769,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of Compass Minerals International by 10.5% during the first quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company’s stock worth $464,000 after buying an additional 4,740 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Compass Minerals International by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after acquiring an additional 858 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Compass Minerals International by 16.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 191,626 shares of the basic materials company’s stock valued at $3,850,000 after acquiring an additional 26,531 shares during the last quarter. Legal & General Group Plc lifted its position in Compass Minerals International by 15.4% during the 2nd quarter. Legal & General Group Plc now owns 39,625 shares of the basic materials company’s stock worth $796,000 after acquiring an additional 5,292 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in Compass Minerals International during the 2nd quarter worth approximately $267,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Price Performance

Shares of CMP opened at $25.55 on Thursday. Compass Minerals International, Inc. has a twelve month low of $16.40 and a twelve month high of $34.50. The stock’s 50 day moving average is $28.10 and its two-hundred day moving average is $27.07. The firm has a market capitalization of $1.07 billion, a PE ratio of 59.42 and a beta of 1.22. The company has a current ratio of 2.01, a quick ratio of 0.98 and a debt-to-equity ratio of 2.72.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). The business had revenue of $215.30 million for the quarter, compared to analysts’ expectations of $207.75 million. Compass Minerals International had a return on equity of 12.75% and a net margin of 1.42%.The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted ($0.39) earnings per share. Research analysts anticipate that Compass Minerals International, Inc. will post 0.93 earnings per share for the current year.

Analyst Ratings Changes

CMP has been the topic of a number of recent research reports. Wall Street Zen lowered Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft cut their price target on Compass Minerals International from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $27.00 price objective (down from $30.00) on shares of Compass Minerals International in a research report on Monday, August 10th. Weiss Ratings raised shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 28th. Finally, Compass Point set a $27.00 price objective on shares of Compass Minerals International in a research note on Monday, August 10th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $27.00.

Compass Minerals International Company Profile

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.