Compass Diversified Holdings (CODI) Receives Outperform Rating from William Blair
Other research analysts also recently issued research reports about the company. Jefferies Group reiterated a buy rating on shares of Compass Diversified Holdings in a report on Friday, August 12th. Zacks Investment Research downgraded Compass Diversified Holdings from a buy rating to a hold rating in a report on Tuesday, July 26th. TheStreet upgraded Compass Diversified Holdings from a hold rating to a buy rating in a report on Monday, July 11th. SunTrust Banks Inc. started coverage on Compass Diversified Holdings in a report on Wednesday, July 20th. They set a buy rating and a $19.00 price target on the stock. Finally, Bank of America Corp. restated a buy rating and set a $18.00 price target on shares of Compass Diversified Holdings in a report on Friday, August 26th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $18.51.
Compass Diversified Holdings (NYSE:CODI) opened at 17.38 on Friday. The stock has a 50 day moving average price of $17.09 and a 200-day moving average price of $16.41. The company has a market cap of $943.72 million, a price-to-earnings ratio of 6.45 and a beta of 1.01. Compass Diversified Holdings has a 12-month low of $13.65 and a 12-month high of $17.58.
Compass Diversified Holdings (NYSE:CODI) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The firm earned $229.39 million during the quarter, compared to analysts’ expectations of $228.45 million. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS. On average, analysts predict that Compass Diversified Holdings will post $1.37 EPS for the current fiscal year.
In related news, insider Alan B. Offenberg purchased 30,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were purchased at an average cost of $17.10 per share, with a total value of $513,000.00. Following the transaction, the insider now directly owns 324,942 shares in the company, valued at approximately $5,556,508.20. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Compass Diversified Holdings by 2.9% in the second quarter. Royal Bank of Canada now owns 8,131,658 shares of the company’s stock worth $134,905,000 after buying an additional 229,014 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in shares of Compass Diversified Holdings by 5.9% in the second quarter. Archford Capital Strategies LLC now owns 38,103 shares of the company’s stock worth $633,000 after buying an additional 2,120 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Compass Diversified Holdings during the second quarter worth approximately $178,000. KCG Holdings Inc. bought a new stake in shares of Compass Diversified Holdings during the second quarter worth approximately $192,000. Finally, Keeley Asset Management Corp bought a new stake in shares of Compass Diversified Holdings during the second quarter worth approximately $166,000.
Compass Diversified Holdings Company Profile
Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages a group of small and middle-market businesses. The Company’s segments include The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty Safe or Liberty), Fresh Hemp Foods Ltd.
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