Compass Diversified Holdings (NYSE:CODI) Receives $14.00 Consensus PT from Analysts

Shares of Compass Diversified Holdings (NYSE:CODI) have received an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.00.

Several analysts have recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. Zacks Research cut Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Wall Street Zen lowered Compass Diversified from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. B. Riley Financial cut their target price on Compass Diversified from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Finally, Compass Point set a $15.00 price target on Compass Diversified in a report on Tuesday, January 27th.

Compass Diversified Stock Up 2.9%

NYSE CODI opened at $7.05 on Thursday. Compass Diversified has a 52 week low of $4.58 and a 52 week high of $22.21. The company has a market capitalization of $530.44 million, a P/E ratio of -2.57 and a beta of 1.09. The stock’s 50-day moving average price is $5.61 and its 200-day moving average price is $6.45.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Compass Diversified had a negative net margin of 7.08% and a positive return on equity of 24.48%. The company had revenue of $472.56 million for the quarter, compared to the consensus estimate of $497.19 million. Research analysts anticipate that Compass Diversified will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Compass Diversified

Several institutional investors have recently bought and sold shares of the stock. Mangrove Partners IM LLC lifted its stake in Compass Diversified by 48.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock worth $24,393,000 after purchasing an additional 1,206,524 shares in the last quarter. Western Standard LLC purchased a new stake in shares of Compass Diversified in the fourth quarter worth about $5,592,000. Jacobs Levy Equity Management Inc. boosted its stake in Compass Diversified by 220.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,122,443 shares of the financial services provider’s stock valued at $7,431,000 after buying an additional 771,923 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Compass Diversified by 738.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 784,746 shares of the financial services provider’s stock valued at $4,928,000 after buying an additional 691,144 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Compass Diversified in the 2nd quarter worth approximately $3,346,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

About Compass Diversified

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.