Bard Financial Services Inc. Grows Position in Compass Minerals International, Inc. (NYSE:CMP)

Bard Financial Services Inc. grew its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 189,615 shares of the basic materials company’s stock after buying an additional 2,250 shares during the period. Bard Financial Services Inc.’s holdings in Compass Minerals International were worth $2,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CMP. Michelson Medical Research Foundation Inc. acquired a new position in Compass Minerals International in the 3rd quarter worth about $6,070,000. SW Investment Management LLC purchased a new stake in shares of Compass Minerals International in the second quarter valued at approximately $3,099,000. Bank of Montreal Can raised its stake in shares of Compass Minerals International by 127.5% during the 3rd quarter. Bank of Montreal Can now owns 525,097 shares of the basic materials company’s stock worth $6,506,000 after buying an additional 294,333 shares during the period. Invenomic Capital Management LP grew its stake in Compass Minerals International by 23.9% in the 3rd quarter. Invenomic Capital Management LP now owns 969,085 shares of the basic materials company’s stock valued at $11,648,000 after acquiring an additional 186,717 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Compass Minerals International during the second quarter worth about $1,274,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CMP shares. StockNews.com upgraded Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. BMO Capital Markets lowered their price target on Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.50.

Compass Minerals International Trading Up 0.9 %

Shares of Compass Minerals International stock traded up $0.10 during mid-day trading on Monday, hitting $11.12. The stock had a trading volume of 307,100 shares, compared to its average volume of 404,222. The firm has a market cap of $460.96 million, a P/E ratio of -2.71 and a beta of 1.21. The company has a quick ratio of 0.74, a current ratio of 2.90 and a debt-to-equity ratio of 2.47. The firm has a 50-day moving average of $13.04 and a two-hundred day moving average of $11.77. Compass Minerals International, Inc. has a 12-month low of $7.51 and a 12-month high of $23.99.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, December 16th. The basic materials company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.82). Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The business had revenue of $208.80 million during the quarter, compared to analysts’ expectations of $323.61 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue was down 38.9% on a year-over-year basis. Sell-side analysts forecast that Compass Minerals International, Inc. will post 0.04 earnings per share for the current 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.