Bislett Management Lowers stake in Compass Minerals International (CMP)

Compass Minerals International (CMP) : Bislett Management reduced its stake in Compass Minerals International by 21.25% during the most recent quarter end. The investment management company now holds a total of 63,751 shares of Compass Minerals International which is valued at $4.9 Million after selling 17,200 shares in Compass Minerals International , the firm said in a disclosure report filed with the SEC on May 12, 2016.Compass Minerals International makes up approximately 3.37% of Bislett Management’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management reduced its stake in CMP by selling 299,405 shares or 55.51% in the most recent quarter. The Hedge Fund company now holds 239,964 shares of CMP which is valued at $18.4 Million. Compass Minerals International makes up approx 0.06% of Eaton Vance Management’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in CMP in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 31,945 shares of Compass Minerals International which is valued at $2.4 Million. Compass Minerals International makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio.Kornitzer Capital Management Inc Ks boosted its stake in CMP in the latest quarter, The investment management firm added 135,435 additional shares and now holds a total of 155,615 shares of Compass Minerals International which is valued at $11.7 Million. Compass Minerals International makes up approx 0.21% of Kornitzer Capital Management Inc Ks’s portfolio.Nordea Investment Management Ab boosted its stake in CMP in the latest quarter, The investment management firm added 392 additional shares and now holds a total of 2,061 shares of Compass Minerals International which is valued at $154,493.Aperio Group reduced its stake in CMP by selling 4,491 shares or 23.83% in the most recent quarter. The Hedge Fund company now holds 14,358 shares of CMP which is valued at $1.1 Million. Compass Minerals International makes up approx 0.01% of Aperio Group’s portfolio.

Compass Minerals International closed down -0.07 points or -0.09% at $78.02 with 3,08,643 shares getting traded on Friday. Post opening the session at $78.22, the shares hit an intraday low of $77.78 and an intraday high of $78.57 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Investors should note that on May 5, 2016, Compass Minerals International announced a cash dividend of $0.6950. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.

Many Wall Street Analysts have commented on Compass Minerals International. Compass Minerals International was Downgraded by BB&T Capital Mkts to ” Hold” on Mar 30, 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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