Compass Diversified Holdings (NYSE:CODI) Receives $11.50 Consensus Price Target from Analysts

Shares of Compass Diversified Holdings (NYSE:CODI) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.50.

A number of research firms have recently issued reports on CODI. Compass Point set a $15.00 target price on Compass Diversified in a report on Tuesday, January 27th. Zacks Research raised Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research note on Tuesday, January 27th. Weiss Ratings restated a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. Finally, Raymond James Financial assumed coverage on shares of Compass Diversified in a research note on Wednesday, March 11th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Compass Diversified

A number of hedge funds have recently added to or reduced their stakes in CODI. AQR Capital Management LLC purchased a new position in shares of Compass Diversified during the 1st quarter worth approximately $294,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $740,000 after acquiring an additional 1,728 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Compass Diversified by 6.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,458 shares of the financial services provider’s stock worth $2,884,000 after acquiring an additional 10,006 shares in the last quarter. Jane Street Group LLC lifted its holdings in Compass Diversified by 345.5% in the first quarter. Jane Street Group LLC now owns 193,907 shares of the financial services provider’s stock valued at $3,620,000 after acquiring an additional 150,386 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Compass Diversified by 5.5% during the 2nd quarter. Geode Capital Management LLC now owns 862,549 shares of the financial services provider’s stock worth $5,416,000 after purchasing an additional 44,938 shares in the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Stock Performance

Shares of Compass Diversified stock opened at $6.70 on Friday. The firm’s fifty day simple moving average is $6.57 and its 200-day simple moving average is $6.37. Compass Diversified has a 12 month low of $4.58 and a 12 month high of $19.13. The stock has a market capitalization of $504.16 million, a price-to-earnings ratio of -1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 19.20, a current ratio of 2.42 and a quick ratio of 1.26.

Compass Diversified (NYSE:CODI) last issued its quarterly 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 12.09%. As a group, equities analysts forecast that Compass Diversified will post 1.96 earnings per share for the current year.

About Compass Diversified

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.