American Century Companies Inc. Acquires 53,721 Shares of Compass Diversified Holdings $CODI

Key Points

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

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in Compass Diversified by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 31,104 shares of the financial services provider's stock worth $718,000 after purchasing an additional 722 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Compass Diversified by 46.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the financial services provider's stock valued at $71,000 after buying an additional 976 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Compass Diversified by 4.7% in the first quarter. Mackenzie Financial Corp now owns 22,945 shares of the financial services provider's stock valued at $429,000 after buying an additional 1,030 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Compass Diversified by 35.1% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,316 shares of the financial services provider's stock valued at $81,000 after buying an additional 1,122 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Compass Diversified by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,907 shares of the financial services provider's stock valued at $875,000 after buying an additional 1,310 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Compass Diversified Stock Up 6.5%

Shares of Compass Diversified stock traded up $0.4680 on Friday, hitting $7.6180. 830,063 shares of the company traded hands, compared to its average volume of 924,318. The company has a 50-day moving average price of $6.63 and a 200 day moving average price of $12.43. The company has a quick ratio of 1.57, a current ratio of 4.07 and a debt-to-equity ratio of 1.54. Compass Diversified Holdings has a 12-month low of $5.98 and a 12-month high of $24.32. The company has a market cap of $573.18 million, a PE ratio of -5.95 and a beta of 1.05.

Compass Diversified Profile

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.