American Century Companies Inc. Decreases Stake in Compass Diversified Holdings $CODI

American Century Companies Inc. trimmed its position in shares of Compass Diversified Holdings (NYSE:CODI) by 7.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,957,634 shares of the financial services provider’s stock after selling 398,103 shares during the period. American Century Companies Inc. owned about 6.59% of Compass Diversified worth $32,820,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CODI. Nomura Asset Management Co. Ltd. lifted its stake in 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 worth $41,000 after acquiring an additional 1,471 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Compass Diversified by 68.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 4,000 shares during the last quarter. Southeast Asset Advisors LLC purchased a new stake in shares of Compass Diversified during the 2nd quarter worth $75,000. Voleon Capital Management LP acquired a new position in shares of Compass Diversified during the second quarter worth $77,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Compass Diversified during the second quarter worth $80,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CODI. B. Riley Financial dropped their target price on Compass Diversified from $13.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. Zacks Research downgraded Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. CJS Securities raised Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Compass Diversified presently has an average rating of “Reduce” and an average price target of $11.50.

Compass Diversified Price Performance

Shares of NYSE:CODI opened at $6.33 on Friday. The company’s fifty day moving average price is $6.23 and its 200 day moving average price is $6.49. Compass Diversified Holdings has a 12 month low of $4.58 and a 12 month high of $20.17. The company has a debt-to-equity ratio of 19.20, a current ratio of 2.42 and a quick ratio of 0.16. The firm has a market capitalization of $476.27 million, a P/E ratio of -1.63 and a beta of 1.04.

Compass Diversified (NYSE:CODI) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.59). Compass Diversified had a negative net margin of 12.09% and a positive return on equity of 24.48%. As a group, sell-side analysts predict that Compass Diversified Holdings will post 1.96 earnings per share for the current fiscal year.

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.