Private Advisor Group LLC cut its holdings in Compass Diversified Holdings (NYSE:CODI) by 6.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,945 shares of the financial services provider’s stock after selling 1,592 shares during the period. Private Advisor Group LLC’s holdings in Compass Diversified Holdings were worth $421,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Pinnacle Associates Ltd. grew its stake in shares of Compass Diversified Holdings by 8.5% in the second quarter. Pinnacle Associates Ltd. now owns 15,245 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 1,200 shares in the last quarter. McKinley Carter Wealth Services Inc. grew its stake in shares of Compass Diversified Holdings by 3.4% in the second quarter. McKinley Carter Wealth Services Inc. now owns 14,798 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 484 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Compass Diversified Holdings by 8.4% in the second quarter. American Century Companies Inc. now owns 2,200,591 shares of the financial services provider’s stock valued at $38,400,000 after acquiring an additional 170,788 shares in the last quarter. BB&T Securities LLC grew its stake in shares of Compass Diversified Holdings by 14.6% in the second quarter. BB&T Securities LLC now owns 65,566 shares of the financial services provider’s stock valued at $1,144,000 after acquiring an additional 8,373 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Compass Diversified Holdings by 22.3% in the second quarter. Legal & General Group Plc now owns 156,926 shares of the financial services provider’s stock valued at $2,734,000 after acquiring an additional 28,603 shares in the last quarter. Institutional investors and hedge funds own 33.17% of the company’s stock.

In other news, insider Alan B. Offenberg acquired 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was bought at an average price of $16.84 per share, with a total value of $1,010,400.00. Following the acquisition, the insider now owns 500,852 shares in the company, valued at approximately $8,434,347.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

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Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Compass Diversified Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, August 7th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a research note on Thursday, June 8th. TheStreet upgraded shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a research note on Friday, July 7th. Finally, ValuEngine downgraded shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.50.

Compass Diversified Holdings (NYSE CODI) opened at 16.95 on Monday. The company has a 50 day moving average of $17.18 and a 200 day moving average of $16.85. The firm’s market capitalization is $1.02 billion. Compass Diversified Holdings has a 1-year low of $15.90 and a 1-year high of $19.50.

Compass Diversified Holdings (NYSE:CODI) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.90). Compass Diversified Holdings had a return on equity of 6.42% and a net margin of 2.20%. The firm had revenue of $307.38 million during the quarter, compared to analysts’ expectations of $302.86 million. During the same period last year, the business posted $0.33 EPS. The company’s revenue was up 43.5% compared to the same quarter last year. On average, equities research analysts anticipate that Compass Diversified Holdings will post $1.60 earnings per share for the current year.

Compass Diversified Holdings Company Profile

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

Institutional Ownership by Quarter for Compass Diversified Holdings (NYSE:CODI)

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