Compass Diversified Holdings $CODI Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of Compass Diversified Holdings (NYSE:CODI) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,355,737 shares of the financial services provider’s stock after buying an additional 10,914 shares during the period. American Century Companies Inc. owned approximately 7.12% of Compass Diversified worth $33,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its stake in shares of Compass Diversified by 65.3% during the second quarter. Nisa Investment Advisors LLC now owns 5,043 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 1,992 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Compass Diversified by 29.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,548 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,471 shares in the last quarter. State of Wyoming purchased a new stake in Compass Diversified during the 1st quarter worth approximately $51,000. Los Angeles Capital Management LLC acquired a new position in Compass Diversified during the 2nd quarter valued at approximately $80,000. Finally, Hibernia Wealth Partners LLC acquired a new position in Compass Diversified during the 2nd quarter valued at approximately $81,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Compass Diversified Stock Up 8.2%

Shares of CODI stock opened at $7.48 on Friday. Compass Diversified Holdings has a 52-week low of $5.30 and a 52-week high of $24.32. The stock has a market cap of $562.39 million, a PE ratio of -5.84 and a beta of 1.06. The business has a 50-day simple moving average of $6.77 and a 200-day simple moving average of $6.84.

Analyst Ratings Changes

Several research firms have recently commented on CODI. Wall Street Zen downgraded shares of Compass Diversified from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Compass Diversified in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.00.

About Compass Diversified

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.