Beacon Financial Group buys $5.5 Million stake in Compass Minerals International (CMP)

Compass Minerals International (CMP) : Beacon Financial Group scooped up 36,822 additional shares in Compass Minerals International during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 78,290 shares of Compass Minerals International which is valued at $5.5 Million.Compass Minerals International makes up approximately 1.19% of Beacon Financial Group’s portfolio.

On the company’s financial health, Compass Minerals International reported $0.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Oct 27, 2015. Analyst had a consensus of $0.83. The company had revenue of $232.70 million for the quarter, compared to analysts expectations of $249.17 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.81 EPS.

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 opened for trading at $69.82 and hit $71 on the upside on Monday, eventually ending the session at $69.05, with a gain of 0.12% or 0.08 points. The heightened volatility saw the trading volume jump to 2,80,560 shares. Company has a market cap of $2,330 M.

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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