Oppenheimer Asset Management Inc. Has $449,000 Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Oppenheimer Asset Management Inc. grew its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 98.3% during the third quarter, HoldingsChannel.com reports. The firm owned 37,378 shares of the basic materials company’s stock after acquiring an additional 18,527 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Compass Minerals International were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Compass Minerals International by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock worth $72,079,000 after purchasing an additional 160,632 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Compass Minerals International by 0.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 860,796 shares of the basic materials company’s stock worth $8,892,000 after buying an additional 2,167 shares in the last quarter. Invenomic Capital Management LP purchased a new stake in Compass Minerals International in the 1st quarter valued at $7,486,000. Bank of New York Mellon Corp raised its position in Compass Minerals International by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 405,238 shares of the basic materials company’s stock valued at $4,186,000 after buying an additional 39,383 shares during the last quarter. Finally, SW Investment Management LLC bought a new position in Compass Minerals International during the 2nd quarter valued at $3,099,000. 99.78% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Price Performance

CMP stock opened at $14.67 on Wednesday. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.90 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $12.32 and a two-hundred day simple moving average of $11.69. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $27.25. The stock has a market cap of $608.07 million, a PE ratio of -3.58 and a beta of 1.10.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share (EPS) 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 company had revenue of $202.90 million for the quarter, compared to the consensus estimate of $201.86 million. On average, analysts predict that Compass Minerals International, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CMP. StockNews.com upgraded shares of Compass Minerals International to a “sell” rating in a research note on Wednesday, September 18th. BMO Capital Markets restated a “market perform” rating and set a $20.00 price target on shares of Compass Minerals International in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Compass Minerals International currently has a consensus rating of “Hold” and an average price target of $31.00.

About Compass Minerals International

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.