Compass Diversified Holdings (NYSE:CODI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

Several other research analysts also recently issued reports on the company. Bank of America Corp. reaffirmed a “buy” rating and set a $18.00 price objective on shares of Compass Diversified Holdings in a report on Friday, August 26th. William Blair reissued an “outperform” rating on shares of Compass Diversified Holdings in a research note on Friday, September 30th. Finally, Jefferies Group reissued a “buy” rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a research note on Friday, September 23rd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Compass Diversified Holdings currently has a consensus rating of “Buy” and a consensus price target of $18.51.

Analyst Recommendations for Compass Diversified Holdings (NYSE:CODI)

Shares of Compass Diversified Holdings (NYSE:CODI) remained flat at $18.85 during trading on Wednesday. The company’s stock had a trading volume of 122,410 shares. Compass Diversified Holdings has a 1-year low of $13.65 and a 1-year high of $19.30. The stock’s 50-day moving average price is $18.37 and its 200 day moving average price is $17.18. The stock has a market cap of $1.02 billion, a PE ratio of 68.80 and a beta of 1.01.

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A number of hedge funds have recently modified their holdings of CODI. Sei Investments Co. increased its stake in shares of Compass Diversified Holdings by 5.3% in the third quarter. Sei Investments Co. now owns 7,810 shares of the company’s stock valued at $136,000 after buying an additional 392 shares during the last quarter. Keeley Asset Management Corp purchased a new position in Compass Diversified Holdings during the second quarter worth about $166,000. Wedbush Securities Inc. purchased a new position in Compass Diversified Holdings during the third quarter worth about $182,000. Citadel Advisors LLC purchased a new position in Compass Diversified Holdings during the second quarter worth about $178,000. Finally, KCG Holdings Inc. purchased a new position in Compass Diversified Holdings during the second quarter worth about $192,000.

Compass Diversified Holdings Company Profile

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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