Compass Minerals International, Inc. $CMP Stock Position Reduced by Hennessy Advisors Inc.

Hennessy Advisors Inc. lowered its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 314,700 shares of the basic materials company’s stock after selling 30,800 shares during the quarter. Hennessy Advisors Inc.’s holdings in Compass Minerals International were worth $6,936,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CMP. Quantinno Capital Management LP raised its position in shares of Compass Minerals International by 5.2% during the 1st quarter. Quantinno Capital Management LP now owns 13,670 shares of the basic materials company’s stock valued at $319,000 after purchasing an additional 674 shares during the period. Sterling Capital Management LLC lifted its position in shares of Compass Minerals International by 9.0% in the third quarter. Sterling Capital Management LLC now owns 11,864 shares of the basic materials company’s stock valued at $261,000 after acquiring an additional 979 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Compass Minerals International by 94.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 1,076 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Compass Minerals International in the second quarter valued at about $43,000. Finally, Allworth Financial LP boosted its stake in shares of Compass Minerals International by 454.3% in the second quarter. Allworth Financial LP now owns 1,929 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 1,581 shares during the period. 99.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut Compass Minerals International from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $30.00 to $27.00 in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Compass Minerals International from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, August 31st. Weiss Ratings upgraded Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 28th. Compass Point set a $27.00 price objective on shares of Compass Minerals International in a report on Monday, August 10th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Compass Minerals International in a report on Tuesday, October 6th. One investment 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’s stock. Based on data from MarketBeat.com, Compass Minerals International has a consensus rating of “Reduce” and a consensus target price of $27.00.

Compass Minerals International Stock Down 0.2%

CMP opened at $23.26 on Monday. The firm has a 50-day simple moving average of $23.42 and a two-hundred day simple moving average of $25.91. Compass Minerals International, Inc. has a 52 week low of $16.40 and a 52 week high of $34.50. The company has a market capitalization of $976.45 million, a PE ratio of 54.09 and a beta of 1.26. The company has a quick ratio of 0.98, a current ratio of 2.01 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 the consensus estimate of ($0.06) by ($0.08). Compass Minerals International had a return on equity of 12.75% and a net margin of 1.42%. The firm had revenue of $215.30 million during the quarter, compared to the consensus estimate of $207.75 million. During the same period last year, the firm posted ($0.39) earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts forecast that Compass Minerals International, Inc. will post 0.93 earnings per share for the current fiscal year.

About Compass Minerals International

Compass Minerals International, Inc (NYSE:CMP) is a producer of essential minerals used in transportation, agriculture, water treatment, and industrial applications. The company primarily operates through its Salt and Plant Nutrition businesses.

Its Salt business produces and distributes highway deicing salt, rock salt, evaporated salt, solar salt, magnesium chloride, and calcium chloride. These products are sold to government agencies, commercial customers, industrial users, and consumers for roadway safety, water treatment, food processing, and other applications.