ExodusPoint Capital Management LP Lowers Holdings in Compass Minerals International, Inc. (NYSE:CMP)

ExodusPoint Capital Management LP lowered its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 78.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,863 shares of the basic materials company’s stock after selling 100,291 shares during the quarter. ExodusPoint Capital Management LP owned 0.06% of Compass Minerals International worth $302,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CMP. Lightrock Netherlands B.V. acquired a new stake in shares of Compass Minerals International during the 4th quarter worth about $6,394,000. Raymond James Financial Inc. purchased a new stake in shares of Compass Minerals International in the 4th quarter valued at approximately $1,439,000. American Century Companies Inc. raised its stake in shares of Compass Minerals International by 77.8% in the 4th quarter. American Century Companies Inc. now owns 154,773 shares of the basic materials company’s stock valued at $1,741,000 after acquiring an additional 67,725 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in shares of Compass Minerals International during the 4th quarter worth approximately $744,000. Finally, Royce & Associates LP increased its holdings in Compass Minerals International by 66.6% in the 4th quarter. Royce & Associates LP now owns 112,609 shares of the basic materials company’s stock valued at $1,267,000 after purchasing an additional 45,000 shares during the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Stock Up 5.0 %

Compass Minerals International stock opened at $10.77 on Monday. The firm has a market capitalization of $447.04 million, a P/E ratio of -2.73 and a beta of 1.17. The stock’s fifty day simple moving average is $10.54 and its 200-day simple moving average is $12.07. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $15.82. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, February 10th. The basic materials company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.50). Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. As a group, equities analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $13.00 to $15.00 in a research note on Wednesday, February 12th. StockNews.com upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets cut their price target on shares of Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 12th.

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.