Compass Diversified Holdings (NYSE:CODI)‘s stock had its “outperform” rating restated by stock analysts at William Blair in a report issued on Friday.
Several other research analysts also recently commented on the company. Jefferies Group reissued a “buy” rating and set a $20.00 target price on shares of Compass Diversified Holdings in a research note on Friday, September 23rd. Zacks Investment Research raised Compass Diversified Holdings from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research note on Thursday, September 1st. Bank of America Corp. reissued a “buy” rating and set a $18.00 target price on shares of Compass Diversified Holdings in a research note on Friday, August 26th. SunTrust Banks Inc. began coverage on Compass Diversified Holdings in a research note on Wednesday, July 20th. They set a “buy” rating and a $19.00 target price for the company. Finally, TheStreet raised Compass Diversified Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 11th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $18.51.
Compass Diversified Holdings (NYSE:CODI) opened at 17.34 on Friday. The company has a market cap of $941.54 million, a price-to-earnings ratio of 6.43 and a beta of 1.01. The company’s 50-day moving average is $17.08 and its 200 day moving average is $16.39. Compass Diversified Holdings has a 1-year low of $13.65 and a 1-year high of $17.58.
Compass Diversified Holdings (NYSE:CODI) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The company had revenue of $229.39 million for the quarter, compared to analyst estimates of $228.45 million. During the same period last year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts predict that Compass Diversified Holdings will post $1.35 EPS for the current fiscal year.
In related news, insider Alan B. Offenberg bought 30,000 shares of Compass Diversified Holdings stock in a transaction that occurred on Tuesday, August 16th. The shares were acquired at an average cost of $17.10 per share, for a total transaction of $513,000.00. Following the completion of the acquisition, the insider now directly owns 324,942 shares of the company’s stock, valued at approximately $5,556,508.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of hedge funds have recently made changes to their positions in CODI. Keeley Asset Management Corp bought a new stake in shares of Compass Diversified Holdings during the second quarter valued at approximately $166,000. Citadel Advisors LLC acquired a new position in Compass Diversified Holdings during the second quarter worth about $178,000. KCG Holdings Inc. acquired a new position in Compass Diversified Holdings during the second quarter worth about $192,000. Advisor Group Inc. acquired a new position in Compass Diversified Holdings during the second quarter worth about $214,000. Finally, McKinley Carter Wealth Services Inc. boosted its position in Compass Diversified Holdings by 0.5% in the second quarter. McKinley Carter Wealth Services Inc. now owns 13,900 shares of the company’s stock worth $231,000 after buying an additional 76 shares during the last quarter.
About Compass Diversified Holdings
Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages a group of small and middle-market businesses. The Company’s segments include The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty Safe or Liberty), Fresh Hemp Foods Ltd.
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