Compass Minerals International, Inc. (NYSE:CMP) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 247.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,110 shares of the basic materials company’s stock after buying an additional 2,928 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Compass Minerals International were worth $49,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invenomic Capital Management LP acquired a new position in Compass Minerals International in the 1st quarter valued at $7,486,000. SW Investment Management LLC acquired a new position in shares of Compass Minerals International during the second quarter worth about $3,099,000. Lee Danner & Bass Inc. purchased a new position in Compass Minerals International during the second quarter worth about $2,448,000. Bank of Montreal Can lifted its position in Compass Minerals International by 330.1% in the second quarter. Bank of Montreal Can now owns 230,764 shares of the basic materials company’s stock valued at $2,384,000 after purchasing an additional 177,105 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Compass Minerals International by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock valued at $72,079,000 after purchasing an additional 160,632 shares in the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMP. BMO Capital Markets reissued a “market perform” rating and set a $20.00 target price 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 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 stock. According to data from MarketBeat.com, Compass Minerals International has a consensus rating of “Hold” and an average price target of $31.00.

Compass Minerals International Price Performance

Shares of NYSE:CMP opened at $13.04 on Friday. The firm has a market capitalization of $540.30 million, a price-to-earnings ratio of -3.18 and a beta of 1.10. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.90 and a quick ratio of 0.74. The business’s 50 day simple moving average is $11.60 and its 200-day simple moving average is $11.67. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $27.25.

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

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.