Compass Diversified Holdings (NYSE:CODI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Compass Diversified Holdings (NYSE:CODI) have been assigned an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.00.

A number of research analysts have commented on CODI shares. CJS Securities upgraded Compass Diversified to a “hold” rating in a research report on Thursday, December 11th. Wall Street Zen cut Compass Diversified from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Compass Diversified in a research report on Wednesday, October 8th.

Compass Diversified Price Performance

Shares of CODI stock opened at $4.91 on Wednesday. Compass Diversified has a 1-year low of $4.78 and a 1-year high of $24.32. The firm has a market cap of $369.05 million, a PE ratio of -3.83 and a beta of 1.02. The company has a 50-day moving average of $6.59 and a two-hundred day moving average of $6.72.

Institutional Investors Weigh In On Compass Diversified

Hedge funds have recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in shares of Compass Diversified in the first quarter worth $7,785,000. Russell Investments Group Ltd. grew its stake in Compass Diversified by 12.3% during the 1st quarter. Russell Investments Group Ltd. now owns 164,981 shares of the financial services provider’s stock worth $3,080,000 after purchasing an additional 18,028 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Compass Diversified by 12.7% during the 1st quarter. Aptus Capital Advisors LLC now owns 371,224 shares of the financial services provider’s stock worth $6,931,000 after purchasing an additional 41,762 shares in the last quarter. Quantbot Technologies LP increased its holdings in Compass Diversified by 148.6% during the 1st quarter. Quantbot Technologies LP now owns 27,289 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 16,311 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Compass Diversified in the 1st quarter valued at about $95,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Compass Diversified Company Profile

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.