Cape Ann Savings Bank Lowers stake in Compass Minerals International (CMP)

Compass Minerals International (CMP) : Cape Ann Savings Bank reduced its stake in Compass Minerals International by 5.15% during the most recent quarter end. The investment management company now holds a total of 4,420 shares of Compass Minerals International which is valued at $321,422 after selling 240 shares in Compass Minerals International , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Compass Minerals International makes up approximately 0.43% of Cape Ann Savings Bank’s portfolio.

Other Hedge Funds, Including , Capital One National Association reduced its stake in CMP by selling 43,259 shares or 87.16% in the most recent quarter. The Hedge Fund company now holds 6,374 shares of CMP which is valued at $463,517. Compass Minerals International makes up approx 0.04% of Capital One National Association’s portfolio. Trust Co Of Vermont added CMP to its portfolio by purchasing 45 company shares during the most recent quarter which is valued at $3,272. Americafirst Capital Management added CMP to its portfolio by purchasing 1,450 company shares during the most recent quarter which is valued at $105,444. Compass Minerals International makes up approx 0.07% of Americafirst Capital Management’s portfolio. Investment Partners Ltd Oh Adv added CMP to its portfolio by purchasing 4,404 company shares during the most recent quarter which is valued at $328,538. Compass Minerals International makes up approx 0.32% of Investment Partners Ltd Oh Adv’s portfolio.Marshwinds Advisory Co boosted its stake in CMP in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 3,776 shares of Compass Minerals International which is valued at $275,421. Compass Minerals International makes up approx 0.13% of Marshwinds Advisory Co’s portfolio.

Compass Minerals International opened for trading at $72.49 and hit $73.36 on the upside on Wednesday, eventually ending the session at $72.72, with a gain of 0.15% or 0.11 points. The heightened volatility saw the trading volume jump to 5,25,916 shares. Company has a market cap of $2,457 M.

On the company’s financial health, Compass Minerals International reported $1.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $1.30. The company had revenue of $345.70 million for the quarter, compared to analysts expectations of $347.04 million. The company’s revenue was down -12.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.79 EPS.

Many Wall Street Analysts have commented on Compass Minerals International. Compass Minerals International was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jun 15, 2016.

Compass Minerals International Inc. (CMP) is a holding company. The Company is a producer and marketer of essential minerals including salt sulfate of potash specialty fertilizer (SOP) and magnesium chloride. The Company operates through two segments: salt and plant nutrition. The salt segment produces and markets salt and magnesium chloride for use in road deicing and dust control food processing water softeners and agricultural and industrial applications. SOP crop nutrients industrial-grade SOP magnesium chloride for agricultural purposes and other plant nutrients are produced and marketed through the plant nutrition segment. As of December 31 2014 the Company operated 12 production and packaging facilities including the largest rock salt mine in the world in Goderich Ontario Canada and the largest rock salt mine in the United Kingdom in Winsford Cheshire.

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