Murphy Pohlad Asset Management Lowers stake in Compass Minerals International (CMP)

Compass Minerals International (CMP) : Murphy Pohlad Asset Management reduced its stake in Compass Minerals International by 2.23% during the most recent quarter end. The investment management company now holds a total of 47,445 shares of Compass Minerals International which is valued at $3,378,558 after selling 1,080 shares in Compass Minerals International , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Compass Minerals International makes up approximately 2.56% of Murphy Pohlad Asset Management’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp sold out all of its stake in CMP during the most recent quarter. The investment firm sold 146 shares of CMP which is valued $10,813.Carroll Financial Associates boosted its stake in CMP in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 8,325 shares of Compass Minerals International which is valued at $616,550. Compass Minerals International makes up approx 0.09% of Carroll Financial Associates’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CMP by selling 11,337 shares or 78.06% in the most recent quarter. The Hedge Fund company now holds 3,186 shares of CMP which is valued at $237,293.

Compass Minerals International closed down -1.89 points or -2.55% at $72.17 with 2,54,295 shares getting traded on Tuesday. Post opening the session at $73.47, the shares hit an intraday low of $71.65 and an intraday high of $73.47 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Compass Minerals International reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.17. The company had revenue of $169.50 million for the quarter, compared to analysts expectations of $178.74 million. The company’s revenue was down -7.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Compass Minerals International. Company shares were Reiterated by Monness Crespi & Hardt on Oct 5, 2016 to “Sell”, Firm has raised the Price Target to $ 63 from a previous price target of $60 .

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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