Charles Schwab Investment Management Inc. Reduces Stock Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Charles Schwab Investment Management Inc. reduced its stake in Compass Minerals International, Inc. (NYSE:CMP) by 18.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 428,451 shares of the basic materials company’s stock after selling 99,658 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Compass Minerals International were worth $5,150,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Denver PWM LLC purchased a new position in Compass Minerals International in the second quarter valued at approximately $29,000. Signaturefd LLC increased its stake in Compass Minerals International by 629.4% in the third quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,077 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Compass Minerals International in the second quarter valued at approximately $37,000. Allspring Global Investments Holdings LLC purchased a new position in Compass Minerals International in the second quarter valued at approximately $45,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Compass Minerals International in the second quarter valued at approximately $46,000. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Compass Minerals International Stock Performance

Shares of CMP opened at $13.29 on Friday. 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 firm has a market cap of $550.86 million, a PE ratio of -3.24 and a beta of 1.17. The company’s 50 day simple moving average is $13.56 and its 200-day simple moving average is $11.90. 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 quarterly earnings data on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.34). Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. The firm had revenue of $202.90 million during the quarter, compared to analysts’ expectations of $201.86 million. As a group, equities analysts predict that Compass Minerals International, Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMP shares. BMO Capital Markets reiterated a “market perform” rating and issued a $20.00 price target on shares of Compass Minerals International in a research note on Wednesday, September 18th. StockNews.com upgraded shares of Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.