Compass Diversified Holdings (NYSE:CODI) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Compass Diversified Holdings (NYSE:CODI) has received a consensus rating of "Hold" from five analysts, with one sell rating, two holds, and two buy ratings.
• The average 1-year price target for CODI among analysts is $26.00, despite the stock currently trading around $6.72.
• Institutional investors own 72.73% of Compass Diversified's stock, indicating strong backing from hedge funds and other large investors.

Compass Diversified Holdings (NYSE:CODI - Get Free Report) has received an average rating of "Hold" from the five analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $26.00.

Several research firms recently commented on CODI. Weiss Ratings reissued a "sell (d+)" rating on shares of Compass Diversified in a research note on Saturday, September 27th. Wall Street Zen lowered shares of Compass Diversified from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Jefferies Financial Group downgraded shares of Compass Diversified to a "hold" rating in a research report on Friday, June 6th.

Institutional Investors Weigh In On Compass Diversified

Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of Compass Diversified by 1.0% in the 1st quarter. American Century Companies Inc. now owns 5,344,823 shares of the financial services provider's stock valued at $99,788,000 after acquiring an additional 53,721 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Compass Diversified by 2.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,912,110 shares of the financial services provider's stock valued at $31,388,000 after acquiring an additional 122,218 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Compass Diversified by 3.2% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,608,556 shares of the financial services provider's stock valued at $30,032,000 after acquiring an additional 49,276 shares in the last quarter. GW&K Investment Management LLC lifted its position in shares of Compass Diversified by 2.3% in the 1st quarter. GW&K Investment Management LLC now owns 1,477,259 shares of the financial services provider's stock valued at $27,580,000 after acquiring an additional 33,821 shares in the last quarter. Finally, Royce & Associates LP lifted its position in Compass Diversified by 9.9% in the 1st quarter. Royce & Associates LP now owns 898,022 shares of the financial services provider's stock worth $16,766,000 after buying an additional 80,990 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company's stock.

Compass Diversified Trading Up 0.7%

CODI stock traded up $0.05 on Friday, hitting $6.72. 685,277 shares of the company's stock traded hands, compared to its average volume of 866,070. Compass Diversified has a 1-year low of $5.98 and a 1-year high of $24.32. The stock has a market cap of $505.24 million, a price-to-earnings ratio of -5.25 and a beta of 1.08. The stock has a fifty day moving average of $7.04 and a 200-day moving average of $9.76.

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.

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