American Century Companies Inc. Boosts Holdings in Compass Diversified Holdings $CODI

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American Century Companies Inc. boosted its holdings in Compass Diversified Holdings (NYSE:CODI - Free Report) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,344,823 shares of the financial services provider's stock after acquiring an additional 53,721 shares during the period. American Century Companies Inc. owned 7.10% of Compass Diversified worth $99,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in shares of Compass Diversified during the 1st quarter worth about $30,000. NBC Securities Inc. boosted its stake in shares of Compass Diversified by 167,500.0% during the 1st quarter. NBC Securities Inc. now owns 1,676 shares of the financial services provider's stock worth $31,000 after purchasing an additional 1,675 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Compass Diversified during the 1st quarter worth about $37,000. Sterling Capital Management LLC boosted its stake in shares of Compass Diversified by 827.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,133 shares of the financial services provider's stock worth $49,000 after purchasing an additional 1,903 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Compass Diversified by 1,332.4% during the 1st quarter. GAMMA Investing LLC now owns 3,753 shares of the financial services provider's stock worth $70,000 after purchasing an additional 3,491 shares during the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

Compass Diversified Stock Up 6.5%

Shares of NYSE CODI traded up $0.4680 on Friday, hitting $7.6180. The company had a trading volume of 595,264 shares, compared to its average volume of 880,795. Compass Diversified Holdings has a 12-month low of $5.98 and a 12-month high of $24.32. The business has a 50 day moving average of $6.60 and a two-hundred day moving average of $12.52. The company has a quick ratio of 1.57, a current ratio of 4.07 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $573.15 million, a P/E ratio of -5.95 and a beta of 1.05.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Jefferies Financial Group cut shares of Compass Diversified to a "hold" rating in a research note on Friday, June 6th. Wall Street Zen raised shares of Compass Diversified from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, B. Riley cut shares of Compass Diversified from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $30.00 to $18.00 in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.00.

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.