Analysts Set Compass Diversified Holdings (NYSE:CODI) PT at $26.00

Compass Diversified Holdings (NYSE:CODI) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $26.00.

A number of brokerages have recently commented on CODI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Compass Diversified in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Compass Diversified from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd.

Compass Diversified Stock Performance

Shares of NYSE:CODI opened at $6.19 on Tuesday. The firm has a market cap of $465.33 million, a PE ratio of -4.83 and a beta of 1.08. The firm’s 50 day simple moving average is $7.20 and its 200-day simple moving average is $7.95. Compass Diversified has a one year low of $5.98 and a one year high of $24.32.

Hedge Funds Weigh In On Compass Diversified

A number of institutional investors have recently modified their holdings of CODI. American Century Companies Inc. increased its holdings in Compass Diversified by 1.0% during the first quarter. American Century Companies Inc. now owns 5,344,823 shares of the financial services provider’s stock valued at $99,788,000 after buying an additional 53,721 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Compass Diversified by 2.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,912,110 shares of the financial services provider’s stock valued at $31,388,000 after buying an additional 122,218 shares during the period. Lord Abbett & CO. LLC increased its holdings in Compass Diversified by 3.2% during the first quarter. Lord Abbett & CO. LLC now owns 1,608,556 shares of the financial services provider’s stock valued at $30,032,000 after buying an additional 49,276 shares during the period. GW&K Investment Management LLC increased its holdings in Compass Diversified by 2.3% during the first quarter. GW&K Investment Management LLC now owns 1,477,259 shares of the financial services provider’s stock valued at $27,580,000 after buying an additional 33,821 shares during the period. Finally, Royce & Associates LP increased its holdings in 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 buying an additional 80,990 shares during the period. 72.73% of the stock is owned by hedge funds and other institutional investors.

About Compass Diversified

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.