Compass Diversified Holdings (NYSE:CODI) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages also recently weighed in on CODI. Zacks Investment Research downgraded shares of Compass Diversified Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Compass Diversified Holdings in a report on Friday, July 14th. TheStreet raised shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a report on Friday, July 7th. Finally, ValuEngine downgraded shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating and two have given a buy rating to the company. Compass Diversified Holdings currently has a consensus rating of “Hold” and an average target price of $19.50.

Shares of Compass Diversified Holdings (NYSE:CODI) traded down $0.25 during mid-day trading on Friday, reaching $16.85. 84,306 shares of the company’s stock traded hands, compared to its average volume of 151,390. Compass Diversified Holdings has a 12-month low of $15.90 and a 12-month high of $19.50. The company has a current ratio of 2.41, a quick ratio of 1.28 and a debt-to-equity ratio of 0.68.

Compass Diversified Holdings (NYSE:CODI) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.90). Compass Diversified Holdings had a return on equity of 6.42% and a net margin of 2.20%. The firm had revenue of $307.38 million for the quarter, compared to the consensus estimate of $302.86 million. During the same period last year, the company posted $0.33 EPS. The business’s revenue was up 43.5% on a year-over-year basis. research analysts expect that Compass Diversified Holdings will post 1.62 EPS for the current year.

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A number of large investors have recently modified their holdings of CODI. Royal Bank of Canada lifted its stake in Compass Diversified Holdings by 2.4% in the 2nd quarter. Royal Bank of Canada now owns 8,687,327 shares of the financial services provider’s stock valued at $151,591,000 after purchasing an additional 205,723 shares during the last quarter. Alps Advisors Inc. bought a new position in Compass Diversified Holdings in the 2nd quarter valued at approximately $3,367,000. American Century Companies Inc. lifted its stake in Compass Diversified Holdings by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 2,200,591 shares of the financial services provider’s stock valued at $38,400,000 after purchasing an additional 170,788 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Compass Diversified Holdings by 96.7% in the 2nd quarter. GSA Capital Partners LLP now owns 164,090 shares of the financial services provider’s stock valued at $2,863,000 after purchasing an additional 80,663 shares during the last quarter. Finally, Searle & CO. lifted its stake in Compass Diversified Holdings by 174.7% in the 2nd quarter. Searle & CO. now owns 59,750 shares of the financial services provider’s stock valued at $1,043,000 after purchasing an additional 38,000 shares during the last quarter. 33.21% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Holdings Company Profile

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

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