Compass Minerals International, Inc. (NYSE:CMP) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. trimmed its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 345,000 shares of the basic materials company’s stock after selling 15,000 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Compass Minerals International were worth $3,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Tsfg LLC purchased a new stake in shares of Compass Minerals International during the fourth quarter worth about $28,000. Denver PWM LLC raised its position in shares of Compass Minerals International by 33.8% in the 3rd quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 946 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Compass Minerals International by 35.9% in the 4th quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 1,900 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Compass Minerals International during the 3rd quarter worth approximately $137,000. Finally, Intech Investment Management LLC acquired a new position in Compass Minerals International during the 4th quarter valued at approximately $187,000. 99.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $15.00 in a report on Wednesday, February 12th. StockNews.com raised Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets dropped their price target on 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 Stock Down 6.3 %

CMP stock opened at $10.26 on Friday. The company has a market capitalization of $425.83 million, a P/E ratio of -2.60 and a beta of 1.27. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $17.99. The firm’s fifty day simple moving average is $11.73 and its 200-day simple moving average is $12.05. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.37 and a quick ratio of 1.12.

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

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.