Compass Diversified Holdings (NYSE:CODI) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Compass Diversified has a consensus “Hold” rating among six brokerages: three holds, two buys and one sell. The average 1-year price target is $12.67, above the reported $10.02 opening price.
• CODI shares have traded between $4.58 and $12.64 over the past year, with a market capitalization of approximately $753.8 million and a negative P/E ratio of -2.56.
• Institutional investors own 72.73% of the company, with several hedge funds recently increasing or initiating positions in Compass Diversified.

Shares of Compass Diversified Holdings (NYSE:CODI - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.6667.

Several brokerages have commented on CODI. Weiss Ratings reissued a "sell (d-)" rating on shares of Compass Diversified in a research note on Friday, July 17th. TD Cowen restated a "buy" rating and issued a $12.50 price target on shares of Compass Diversified in a research note on Thursday, July 16th. Finally, B. Riley Financial lifted their price target on shares of Compass Diversified from $8.00 to $10.50 and gave the company a "neutral" rating in a report on Tuesday, April 7th.

Compass Diversified Price Performance

Shares of CODI stock opened at $10.02 on Thursday. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60. Compass Diversified has a twelve month low of $4.58 and a twelve month high of $12.64. The company has a market cap of $753.83 million, a P/E ratio of -2.56 and a beta of 1.26. The business has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $8.97.

Institutional Trading of Compass Diversified

A number of hedge funds have recently added to or reduced their stakes in CODI. Essential Partners LLC increased its holdings in shares of Compass Diversified by 9,263.2% during the first quarter. Essential Partners LLC now owns 5,337 shares of the financial services provider's stock worth $42,000 after buying an additional 5,280 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings 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 valued at $62,000 after acquiring an additional 4,000 shares in the last quarter. Focus Partners Wealth bought a new stake in Compass Diversified during the 3rd quarter worth $70,000. Quantessence Capital LLC bought a new stake in Compass Diversified during the 3rd quarter worth $70,000. Finally, Diversify Wealth Management LLC acquired a new position in Compass Diversified in the 2nd quarter worth about $81,000. Institutional investors and hedge funds own 72.73% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.