Compass Diversified (NYSE:CODI) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Compass Diversified Holdings (NYSE:CODI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.45 and traded as high as $6.53. Compass Diversified shares last traded at $6.4230, with a volume of 1,288,638 shares changing hands.

Analyst Upgrades and Downgrades

CODI has been the subject of a number of analyst reports. CJS Securities raised Compass Diversified to an “outperform” rating in a report on Tuesday, January 27th. Wall Street Zen cut Compass Diversified from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Compass Point set a $15.00 price target on shares of Compass Diversified in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Compass Diversified in a research note on Friday, December 26th. Finally, B. Riley Financial decreased their price objective on shares of Compass Diversified from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.00.

Compass Diversified Price Performance

The business’s fifty day simple moving average is $5.61 and its 200 day simple moving average is $6.46. The stock has a market cap of $514.87 million, a price-to-earnings ratio of -2.50 and a beta of 1.09.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 7.08%.The business had revenue of $472.56 million for the quarter, compared to analyst estimates of $497.19 million. As a group, equities analysts forecast that Compass Diversified Holdings will post 1.96 EPS for the current fiscal year.

Institutional Trading of Compass Diversified

Several hedge funds have recently made changes to their positions in CODI. Teacher Retirement System of Texas increased its holdings in shares of Compass Diversified by 467.8% during the second quarter. Teacher Retirement System of Texas now owns 86,609 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 71,355 shares during the period. AlphaQuest LLC grew its position in Compass Diversified by 345.3% in the 2nd quarter. AlphaQuest LLC now owns 71,035 shares of the financial services provider’s stock valued at $446,000 after buying an additional 55,084 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in Compass Diversified by 808.2% during 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 buying an additional 336,271 shares during the period. SG Americas Securities LLC increased its stake in Compass Diversified by 279.4% during the 2nd quarter. SG Americas Securities LLC now owns 54,155 shares of the financial services provider’s stock valued at $340,000 after buying an additional 39,880 shares during the period. Finally, Allworth Financial LP raised its position in shares of Compass Diversified by 2,825.7% during the 2nd quarter. Allworth Financial LP now owns 29,257 shares of the financial services provider’s stock worth $184,000 after buying an additional 28,257 shares in the last quarter. Institutional investors own 72.73% of the company’s stock.

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.