BidaskClub Lowers Compass Diversified Holdings (CODI) to Strong Sell

BidaskClub lowered shares of Compass Diversified Holdings (NYSE:CODI) from a sell rating to a strong sell rating in a research note published on Wednesday.

Several other analysts have also weighed in on the company. Jefferies Group LLC reissued a buy rating and issued a $20.00 target price on shares of Compass Diversified Holdings in a report on Friday, July 14th. TheStreet raised Compass Diversified Holdings from a c+ rating to a b rating in a report on Friday, July 7th. Zacks Investment Research raised Compass Diversified Holdings from a sell rating to a hold rating in a report on Wednesday, June 7th. Finally, ValuEngine lowered 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 given a hold rating and three have given a buy rating to the company. 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 Wednesday. Compass Diversified Holdings has a one year low of $15.90 and a one year high of $19.50. The firm has a 50-day moving average price of $17.18 and a 200-day moving average price of $16.85. The stock’s market cap is $1.02 billion.

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

ILLEGAL ACTIVITY NOTICE: “BidaskClub Lowers Compass Diversified Holdings (CODI) to Strong Sell” was first published by BBNS and is owned by of BBNS. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://baseballnewssource.com/markets/bidaskclub-lowers-compass-diversified-holdings-codi-to-strong-sell/1642595.html.

In related news, insider Alan B. Offenberg acquired 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were acquired at an average price of $16.84 per share, with a total value of $1,010,400.00. Following the completion of the purchase, the insider now directly owns 500,852 shares in the company, valued at $8,434,347.68. The purchase was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc boosted its stake in shares of Compass Diversified Holdings by 21.2% during the first quarter. IFP Advisors Inc now owns 6,558 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 1,145 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Compass Diversified Holdings by 6.2% during the second quarter. Wedbush Securities Inc. now owns 11,667 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 676 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of Compass Diversified Holdings by 2.0% during the second quarter. First Allied Advisory Services Inc. now owns 12,673 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 254 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Compass Diversified Holdings by 2.3% during the first quarter. Envestnet Asset Management Inc. now owns 13,318 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 305 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in shares of Compass Diversified Holdings during the second quarter valued at $228,000. 33.17% of the stock is currently owned by institutional investors and hedge funds.

About Compass Diversified Holdings

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.

Receive News & Ratings for Compass Diversified Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Diversified Holdings and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.