Perkins Investment Management buys $146,737,832 stake in Compass Minerals International (CMP)

Compass Minerals International (CMP) : Perkins Investment Management scooped up 970,898 additional shares in Compass Minerals International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,070,229 shares of Compass Minerals International which is valued at $146,737,832.Compass Minerals International makes up approximately 2.05% of Perkins Investment Management’s portfolio.

Other Hedge Funds, Including , Wellington Shields Capital Management boosted its stake in CMP in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 11,961 shares of Compass Minerals International which is valued at $847,796. Compass Minerals International makes up approx 0.15% of Wellington Shields Capital Management’s portfolio.Fiduciary Management Inc Wi reduced its stake in CMP by selling 57,175 shares or 7.51% in the most recent quarter. The Hedge Fund company now holds 704,396 shares of CMP which is valued at $49,927,588. Compass Minerals International makes up approx 0.29% of Fiduciary Management Inc Wi’s portfolio.Fmr reduced its stake in CMP by selling 210,678 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 4,532,171 shares of CMP which is valued at $321,240,280. Compass Minerals International makes up approx 0.04% of Fmr’s portfolio.Keybank National Associationoh reduced its stake in CMP by selling 9,712 shares or 45.59% in the most recent quarter. The Hedge Fund company now holds 11,592 shares of CMP which is valued at $821,641. Compass Minerals International makes up approx 0.01% of Keybank National Associationoh’s portfolio. Nordea Investment Management Ab sold out all of its stake in CMP during the most recent quarter. The investment firm sold 2,061 shares of CMP which is valued $149,876.

Compass Minerals International closed down -0.44 points or -0.59% at $74.09 with 2,01,707 shares getting traded on Thursday. Post opening the session at $74.45, the shares hit an intraday low of $73.67 and an intraday high of $74.57 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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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