Compass Diversified Holdings (NYSE:CODI) Receives Average Recommendation of “Hold” from Analysts

Shares of Compass Diversified Holdings (NYSE:CODI) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.00.

CODI has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. CJS Securities upgraded Compass Diversified to a “hold” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen downgraded Compass Diversified from a “hold” rating to a “sell” rating in a report on Saturday, December 20th.

Compass Diversified Stock Up 6.2%

Shares of Compass Diversified stock opened at $5.49 on Friday. Compass Diversified has a 52 week low of $4.58 and a 52 week high of $22.21. The firm’s 50 day moving average is $5.65 and its two-hundred day moving average is $6.51. The firm has a market capitalization of $413.29 million, a P/E ratio of -3.79 and a beta of 1.06.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings data on Monday, December 29th. The financial services provider reported ($0.07) earnings per share for the quarter. The company had revenue of $478.69 million for the quarter. Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 2.21%. As a group, research analysts expect that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Compass Diversified

A number of hedge funds have recently modified their holdings of CODI. Teacher Retirement System of Texas boosted its stake in Compass Diversified by 467.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 86,609 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 71,355 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Compass Diversified by 2.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,912,110 shares of the financial services provider’s stock worth $31,388,000 after buying an additional 122,218 shares during the period. AlphaQuest LLC grew its holdings in shares of Compass Diversified by 345.3% during the second quarter. AlphaQuest LLC now owns 71,035 shares of the financial services provider’s stock worth $446,000 after buying an additional 55,084 shares during the last quarter. Inspire Investing LLC increased its position in Compass Diversified by 238.6% in the 2nd quarter. Inspire Investing LLC now owns 62,229 shares of the financial services provider’s stock valued at $391,000 after acquiring an additional 43,849 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its position in Compass Diversified by 808.2% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 377,880 shares of the financial services provider’s stock valued at $2,373,000 after acquiring an additional 336,271 shares during the period. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Company Profile

Compass Diversified Holdings (NYSE:CODI) is a publicly traded private equity company headquartered in Bethesda, Maryland. The firm specializes in acquiring and managing middle-market businesses across a variety of industries, with a focus on driving operational performance and sustainable growth. As an externally managed entity, Compass Diversified leverages a disciplined investment approach to build a portfolio of market-leading companies that benefit from strategic oversight, capital support and shared best practices.

Compass Diversified’s investment activities span five core sectors: branded consumer, consumer services, differentiated industrial products, value-added distribution and business services.