Compass Diversified Holdings (NYSE:CODI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday.

According to Zacks, “COMPASS DIVERSIFIED was formed to acquire and manage a group of middle market businesses that are headquartered in North America. CODI provides public investors with an opportunity to participate in the ownership and growth of companies which have historically been owned by private equity firms, wealthy individuals or families. CODI’s disciplined approach to its target market provides opportunities to methodically purchase attractive businesses at values that are accretive to its shareholders. For sellers of businesses, CODI’s unique structure allows CODI to acquire businesses efficiently with no financing contingencies and, following acquisition, to provide its companies with substantial access to growth capital. “

Other equities analysts have also recently issued research reports about the stock. BidaskClub raised shares of Compass Diversified Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 target price 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 report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Compass Diversified Holdings currently has an average rating of “Hold” and an average target price of $19.50.

Compass Diversified Holdings (NYSE CODI) remained flat at $17.85 during mid-day trading on Tuesday. 200,904 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $17.18 and its 200-day moving average price is $16.93. The stock’s market cap is $1.07 billion. Compass Diversified Holdings has a 52-week low of $15.90 and a 52-week high of $19.50.

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

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Several hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc lifted its position in Compass Diversified Holdings by 0.3% during the second quarter. IFP Advisors Inc now owns 6,575 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 17 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Compass Diversified Holdings by 6.2% in the 2nd quarter. Wedbush Securities Inc. now owns 11,667 shares of the financial services provider’s stock worth $204,000 after buying an additional 676 shares during the last quarter. First Allied Advisory Services Inc. increased its holdings in shares of Compass Diversified Holdings by 2.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 12,673 shares of the financial services provider’s stock worth $220,000 after buying an additional 254 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Compass Diversified Holdings by 2.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,318 shares of the financial services provider’s stock worth $221,000 after buying an additional 305 shares during the last quarter. Finally, Raymond James Trust N.A. bought a new position in shares of Compass Diversified Holdings in the 2nd quarter worth $228,000. Institutional investors own 33.17% of the company’s stock.

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.

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