Healthcare of Ontario Pension Plan Trust Fund Sells 197,800 Shares of Compass Diversified Holdings $CODI

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in Compass Diversified Holdings (NYSE:CODI) by 23.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 656,200 shares of the financial services provider’s stock after selling 197,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Compass Diversified were worth $5,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CODI. Renaissance Technologies LLC bought a new position in Compass Diversified in the first quarter worth about $736,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Compass Diversified by 0.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider’s stock valued at $1,051,000 after buying an additional 1,128 shares in the last quarter. Sei Investments Co. grew its position in shares of Compass Diversified by 69.6% in the 1st quarter. Sei Investments Co. now owns 286,033 shares of the financial services provider’s stock worth $2,248,000 after buying an additional 117,423 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Compass Diversified by 13.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 364,022 shares of the financial services provider’s stock worth $2,861,000 after buying an additional 44,528 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of Compass Diversified by 20,678.0% during the 1st quarter. North Star Investment Management Corp. now owns 61,295 shares of the financial services provider’s stock worth $482,000 after acquiring an additional 61,000 shares in the last quarter. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Analysts Set New Price Targets

CODI has been the subject of a number of analyst reports. TD Cowen reissued a “buy” rating and set a $12.50 target price on shares of Compass Diversified in a research report on Thursday, July 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a report on Friday, July 17th. Finally, B. Riley Financial raised their price objective on Compass Diversified from $8.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.67.

Compass Diversified Stock Down 3.0%

CODI stock opened at $10.02 on Thursday. The firm has a 50 day moving average of $10.47 and a 200 day moving average of $8.97. The stock has a market capitalization of $753.83 million, a PE ratio of -2.56 and a beta of 1.26. The company has a quick ratio of 1.56, a current ratio of 2.67 and a debt-to-equity ratio of 34.60. Compass Diversified Holdings has a 52 week low of $4.58 and a 52 week high of $12.64.

Compass Diversified Profile

Compass Diversified Holdings (NYSE:CODI) is a publicly traded private equity company headquartered in Bethesda, Maryland. The firm specializes in acquiring and managing middle-market businesses across a variety of industries, with a focus on driving operational performance and sustainable growth. As an externally managed entity, Compass Diversified leverages a disciplined investment approach to build a portfolio of market-leading companies that benefit from strategic oversight, capital support and shared best practices.

Compass Diversified’s investment activities span five core sectors: branded consumer, consumer services, differentiated industrial products, value-added distribution and business services.