Compass Diversified Holdings (NYSE:CODI) Receives $26.00 Consensus PT from Analysts

Compass Diversified Holdings (NYSE:CODI) has earned a consensus rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $26.00.

Several analysts have recently commented on CODI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Compass Diversified in a report on Wednesday, October 8th. Wall Street Zen cut shares of Compass Diversified from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd.

Compass Diversified Trading Up 6.4%

Shares of CODI opened at $6.43 on Friday. The firm’s fifty day simple moving average is $6.79 and its 200-day simple moving average is $6.84. The firm has a market capitalization of $483.39 million, a price-to-earnings ratio of -5.02 and a beta of 1.06. Compass Diversified has a twelve month low of $5.30 and a twelve month high of $24.32.

Institutional Trading of Compass Diversified

A number of hedge funds have recently made changes to their positions in CODI. Mackenzie Financial Corp increased its position in shares of Compass Diversified by 4.7% in the 1st quarter. Mackenzie Financial Corp now owns 22,945 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 1,030 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Compass Diversified by 3.8% in the first quarter. Cetera Investment Advisers now owns 32,301 shares of the financial services provider’s stock worth $603,000 after purchasing an additional 1,197 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Compass Diversified by 29.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 6,548 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,471 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Compass Diversified by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock valued at $740,000 after buying an additional 1,728 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Compass Diversified by 2.0% during the third quarter. Rhumbline Advisers now owns 95,717 shares of the financial services provider’s stock worth $634,000 after buying an additional 1,874 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

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.