AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
-Thompson Siegel & Walmsley cuts stake by 15.5%.
-CMP ranged from $7.51 to $27.25 in the past year.
-Reported loss of $1.01 per share, below expectations.
Compass Minerals International Inc ,a key player in the NYSE Metals and Mining Stock category on the NYSE, has recently experienced shifts in institutional holdings and fluctuating market performance. As the company navigates challenges in the basic materials sector, its stock continues to attract attention from both institutional investors and analysts.
Institutional Adjustments in Compass Minerals International (NYSE:CMP)
Compass Minerals International, Inc. , a leader in the basic materials sector, has experienced significant changes in institutional holdings. Thompson Siegel & Walmsley LLC, a notable institutional player, reduced its stake by 15.5% in the third quarter. This decrease reflects shifting positions among large investors, highlighting evolving dynamics in the materials market. Despite these adjustments, the company continues to attract attention, with institutional investors holding nearly 100% of the stock.
Compass Minerals' Recent Performance
Compass Minerals' stock price recently opened at $14.70, showing substantial fluctuations within its 52-week range of $7.51 to $27.25. The company's performance has been somewhat volatile, with a current debt-to-equity ratio of 2.47 and a market capitalization of $609.32 million. Despite a recent decline in share prices, investors are keeping an eye on the company's upcoming earnings and price movements, with analysts predicting a slight recovery in the fiscal year.
Financials and Earnings Report
Compass Minerals reported a loss of $1.01 per share for the recent quarter, which was worse than analysts’ estimates of a loss of $0.67 per share. Despite the disappointing earnings, the company’s revenue for the quarter reached $202.90 million, slightly exceeding analysts' expectations. These results, combined with a negative net margin of 14.81%, reflect the challenges faced by Compass Minerals in its current operational landscape. The company's focus remains on its Salt and Plant Nutrition segments, though profitability remains under pressure.
Analyst Ratings and Market Sentiment
Analyst ratings for Compass Minerals have been mixed, with BMO Capital Markets maintaining a “market perform” rating and setting a target price of $20.00 per share. On the other hand, StockNews.com downgraded the stock to a "sell" rating. The consensus on Compass Minerals reflects caution, with a mix of sell, hold, and buy recommendations, leading to an average price target of $31.00.
Compass Minerals International (NYSE:CMP) faces ongoing challenges within the basic materials sector. The company’s institutional backing and market performance are under scrutiny as analysts adjust their ratings and expectations. With fluctuations in stock price and mixed financial results, Compass Minerals continues to operate in a competitive landscape, striving to improve performance across its key segments.
