Compass Diversified Holdings (NYSE:CODI) Given Average Recommendation of “Hold” by Analysts

Shares of Compass Diversified Holdings (NYSE:CODI) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.6667.

A number of equities analysts have recently issued reports on CODI shares. Weiss Ratings restated a “sell (d-)” rating on shares of Compass Diversified in a research report on Friday, July 17th. TD Cowen reaffirmed a “buy” rating and issued a $12.50 price target on shares of Compass Diversified in a research note on Thursday, July 16th.

Compass Diversified Stock Down 2.3%

Shares of CODI opened at $10.85 on Thursday. The company has a market capitalization of $816.54 million, a PE ratio of -2.78 and a beta of 1.27. Compass Diversified has a 12 month low of $4.58 and a 12 month high of $12.64. The stock’s 50-day moving average price is $10.37 and its two-hundred day moving average price is $9.16. The company has a current ratio of 2.67, a quick ratio of 1.56 and a debt-to-equity ratio of 34.60.

Institutional Trading of Compass Diversified

A number of institutional investors have recently added to or reduced their stakes in CODI. SG Capital Management LLC purchased a new position in Compass Diversified during the fourth quarter worth about $7,626,000. CenterBook Partners LP purchased a new stake in Compass Diversified during the fourth quarter valued at about $6,597,000. Western Standard LLC bought a new stake in Compass Diversified in the 4th quarter worth approximately $5,592,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Compass Diversified in the fourth quarter worth approximately $4,099,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Compass Diversified by 75.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,966,408 shares of the financial services provider’s stock worth $9,439,000 after buying an additional 843,965 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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.