Compass Diversified Holdings (NYSE:CODI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday.

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. “

A number of other research firms also recently weighed in on CODI. BidaskClub raised Compass Diversified Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. ValuEngine downgraded Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Compass Diversified Holdings in a research report on Friday, July 14th. Finally, TheStreet raised Compass Diversified Holdings from a “c+” rating to a “b” rating in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $19.50.

Shares of Compass Diversified Holdings (NYSE:CODI) opened at 18.10 on Tuesday. The firm has a 50-day moving average of $17.20 and a 200-day moving average of $16.94. The firm’s market capitalization is $1.08 billion. Compass Diversified Holdings has a 1-year low of $15.90 and a 1-year high of $19.50.

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

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Downgrades Compass Diversified Holdings (CODI) to Strong Sell” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/10/05/zacks-investment-research-downgrades-compass-diversified-holdings-codi-to-strong-sell.html.

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Compass Diversified Holdings by 2.4% in the 2nd quarter. Royal Bank of Canada now owns 8,687,327 shares of the financial services provider’s stock valued at $151,591,000 after buying an additional 205,723 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Compass Diversified Holdings by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 2,200,591 shares of the financial services provider’s stock valued at $38,400,000 after buying an additional 170,788 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Compass Diversified Holdings by 1.4% in the 2nd quarter. Northern Trust Corp now owns 817,674 shares of the financial services provider’s stock valued at $14,268,000 after buying an additional 11,519 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Compass Diversified Holdings by 1.5% in the 1st quarter. Morgan Stanley now owns 483,861 shares of the financial services provider’s stock valued at $8,033,000 after buying an additional 7,296 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Compass Diversified Holdings by 125.0% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 288,017 shares of the financial services provider’s stock valued at $4,781,000 after buying an additional 160,000 shares during the last quarter. 33.17% of the stock is owned by hedge funds and other institutional investors.

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 MarketBeat.com's FREE daily email newsletter.