Compass Diversified Holdings (NYSE:CODI) Receives $18.00 Average Price Target from Brokerages

Shares of Compass Diversified Holdings (NYSE:CODI) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.00.

Several analysts have issued reports on the company. Wall Street Zen lowered Compass Diversified from a “hold” rating to a “sell” rating in a report on Saturday. CJS Securities raised Compass Diversified to a “hold” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Compass Diversified in a research note on Wednesday, October 8th.

Institutional Trading of Compass Diversified

Several institutional investors and hedge funds have recently modified their holdings of CODI. Mangrove Partners IM LLC boosted its holdings in Compass Diversified by 48.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 3,684,800 shares of the financial services provider’s stock worth $24,393,000 after buying an additional 1,206,524 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of Compass Diversified by 220.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,122,443 shares of the financial services provider’s stock valued at $7,431,000 after acquiring an additional 771,923 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Compass Diversified by 738.4% in the second quarter. Qube Research & Technologies Ltd now owns 784,746 shares of the financial services provider’s stock worth $4,928,000 after acquiring an additional 691,144 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Compass Diversified during the second quarter worth about $3,346,000. Finally, Millennium Management LLC grew its position in shares of Compass Diversified by 78.5% during the third quarter. Millennium Management LLC now owns 1,157,141 shares of the financial services provider’s stock worth $7,660,000 after purchasing an additional 509,040 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Price Performance

Shares of CODI stock opened at $4.79 on Wednesday. The company has a market cap of $360.47 million, a price-to-earnings ratio of -3.74 and a beta of 1.02. Compass Diversified has a 1 year low of $4.75 and a 1 year high of $23.83. The firm has a fifty day moving average price of $6.44 and a 200-day moving average price of $6.68.

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.