A number of other analysts also recently weighed in on the company. SunTrust Banks Inc. began coverage on Compass Diversified Holdings in a research report on Wednesday, July 20th. They set a buy rating and a $19.00 target price for the company. TheStreet upgraded Compass Diversified Holdings from a hold rating to a buy rating in a research report on Monday, July 11th. Zacks Investment Research upgraded Compass Diversified Holdings from a hold rating to a buy rating and set a $19.00 target price for the company in a research report on Wednesday, July 6th. Jefferies Group reiterated a buy rating and set a $20.00 target price on shares of Compass Diversified Holdings in a research report on Saturday, June 25th. Finally, Bank of America Corp. reiterated a buy rating and set a $18.00 target price on shares of Compass Diversified Holdings in a research 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 assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $18.51.
Shares of Compass Diversified Holdings (NYSE:CODI) opened at 17.46 on Friday. Compass Diversified Holdings has a 52 week low of $13.65 and a 52 week high of $17.58. The firm has a market capitalization of $948.06 million, a price-to-earnings ratio of 6.48 and a beta of 1.01. The stock has a 50 day moving average price of $17.11 and a 200-day moving average price of $16.47.
Compass Diversified Holdings (NYSE:CODI) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The company earned $229.39 million during the quarter, compared to analyst estimates of $228.45 million. Compass Diversified Holdings’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. On average, equities research analysts forecast that Compass Diversified Holdings will post $1.37 earnings per share for the current year.
In other news, insider Alan B. Offenberg bought 30,000 shares of the stock in a transaction on Tuesday, August 16th. The stock was acquired at an average price of $17.10 per share, with a total value of $513,000.00. Following the acquisition, the insider now directly owns 324,942 shares in the company, valued at $5,556,508.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
A number of institutional investors have recently modified their holdings of CODI. Royal Bank of Canada boosted its position 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 during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Compass Diversified Holdings during the second quarter worth about $2,564,000. Schroder Investment Management Group boosted its position in shares of Compass Diversified Holdings by 18.7% in the second quarter. Schroder Investment Management Group now owns 763,200 shares of the company’s stock worth $12,661,000 after buying an additional 120,400 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Compass Diversified Holdings by 831.2% in the first quarter. Renaissance Technologies LLC now owns 114,823 shares of the company’s stock worth $1,797,000 after buying an additional 102,492 shares during the last quarter. Finally, Shell Asset Management Co. purchased a new position in shares of Compass Diversified Holdings during the second quarter worth about $805,000.
About Compass Diversified Holdings
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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