Charles Schwab Investment Management Inc. decreased its position in shares of Compass Diversified Holdings (NYSE:CODI - Free Report) by 42.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,085 shares of the financial services provider's stock after selling 118,432 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.22% of Compass Diversified worth $3,026,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CODI. Blair William & Co. IL lifted its stake in Compass Diversified by 4.2% in the first quarter. Blair William & Co. IL now owns 674,319 shares of the financial services provider's stock worth $12,590,000 after acquiring an additional 26,932 shares during the period. XTX Topco Ltd bought a new stake in shares of Compass Diversified in the 1st quarter valued at about $339,000. Mackenzie Financial Corp lifted its position in shares of Compass Diversified by 4.7% in the 1st quarter. Mackenzie Financial Corp now owns 22,945 shares of the financial services provider's stock worth $429,000 after purchasing an additional 1,030 shares during the period. Cetera Investment Advisers boosted its stake in shares of Compass Diversified by 3.8% during the first quarter. Cetera Investment Advisers now owns 32,301 shares of the financial services provider's stock valued at $603,000 after purchasing an additional 1,197 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Compass Diversified by 9.9% during the first quarter. Royce & Associates LP now owns 898,022 shares of the financial services provider's stock valued at $16,766,000 after purchasing an additional 80,990 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on CODI. Wall Street Zen cut Compass Diversified from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. B. Riley lowered Compass Diversified from a "buy" rating to a "neutral" rating and cut their target price for the company from $30.00 to $18.00 in a research note on Thursday, May 8th. Finally, Jefferies Financial Group downgraded shares of Compass Diversified to a "hold" rating in a report on Friday, June 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.
Check Out Our Latest Analysis on Compass Diversified
Compass Diversified Price Performance
NYSE:CODI traded down $0.12 during trading hours on Wednesday, reaching $7.12. 329,523 shares of the company were exchanged, compared to its average volume of 871,636. The company has a current ratio of 4.07, a quick ratio of 1.57 and a debt-to-equity ratio of 1.54. Compass Diversified Holdings has a twelve month low of $5.98 and a twelve month high of $24.32. The firm has a market cap of $535.33 million, a PE ratio of -5.55 and a beta of 1.04. The stock's 50-day moving average is $6.78 and its 200-day moving average is $11.72.
Compass Diversified Profile
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Free Report)
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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