Compass Minerals International, Inc. (NYSE:CMP) Short Interest Update

Compass Minerals International, Inc. (NYSE:CMP) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 4,630,000 shares, an increase of 7.7% from the May 31st total of 4,300,000 shares. Based on an average daily trading volume, of 764,200 shares, the days-to-cover ratio is currently 6.1 days.

Hedge Funds Weigh In On Compass Minerals International

Institutional investors have recently modified their holdings of the business. CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Compass Minerals International by 12.9% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 4,235 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 484 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Compass Minerals International by 117.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,391 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 2,376 shares in the last quarter. Ulland Investment Advisors LLC grew its holdings in shares of Compass Minerals International by 116.9% in the fourth quarter. Ulland Investment Advisors LLC now owns 4,490 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 2,420 shares in the last quarter. Studio Investment Management LLC grew its holdings in shares of Compass Minerals International by 157.0% in the third quarter. Studio Investment Management LLC now owns 5,934 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 3,625 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Compass Minerals International by 7.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,410 shares of the basic materials company’s stock valued at $213,000 after acquiring an additional 617 shares in the last quarter. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Stock Down 1.3 %

CMP traded down $0.13 during midday trading on Tuesday, reaching $9.93. 725,327 shares of the company were exchanged, compared to its average volume of 722,662. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.15 and a current ratio of 2.98. The company’s fifty day moving average price is $12.41 and its 200 day moving average price is $17.60. The company has a market cap of $410.41 million, a price-to-earnings ratio of -4.76, a price-to-earnings-growth ratio of 0.46 and a beta of 1.13. Compass Minerals International has a one year low of $9.80 and a one year high of $39.78.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $1.26. The firm had revenue of $364.00 million during the quarter, compared to analyst estimates of $386.97 million. Compass Minerals International had a positive return on equity of 22.03% and a negative net margin of 7.47%. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.46) EPS. As a group, analysts expect that Compass Minerals International will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Loop Capital raised Compass Minerals International from a “hold” rating to a “buy” rating and dropped their price target for the stock from $26.00 to $23.00 in a research note on Friday, April 26th. BMO Capital Markets dropped their price target on Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.