The stock of Compass Diversified Holdings (NYSE:CODI) hit a new 52-week high and has $25.17 target or 41.00% above today’s $17.85 share price. The 5 months bullish chart indicates low risk for the $978.55M company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $25.17 price target is reached, the company will be worth $401.21 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 45,765 shares traded hands. Compass Diversified Holdings (NYSE:CODI) has risen 21.60% since March 14, 2016 and is uptrending. It has outperformed by 15.99% the S&P500.
Analysts await Compass Diversified Holdings (NYSE:CODI) to report earnings on November, 2. They expect $0.39 earnings per share, up 143.75% or $0.23 from last year’s $0.16 per share. CODI’s profit will be $21.38M for 11.44 P/E if the $0.39 EPS becomes a reality. After $0.33 actual earnings per share reported by Compass Diversified Holdings for the previous quarter, Wall Street now forecasts 18.18% EPS growth.
Compass Diversified Holdings (NYSE:CODI) Ratings Coverage
Out of 3 analysts covering Compass Diversified Holdings (NYSE:CODI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Compass Diversified Holdings has been the topic of 4 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, October 27 by Janney Capital. On Wednesday, July 20 the stock rating was initiated by Suntrust Robinson with “Buy”. As per Wednesday, May 4, the company rating was reinitiated by Janney Capital. The rating was initiated by Bank of America with “Buy” on Tuesday, August 25.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.29, from 1.19 in 2016Q1. The ratio is positive, as 4 funds sold all Compass Diversified Holdings shares owned while 25 reduced positions. 13 funds bought stakes while 30 increased positions. They now own 18.94 million shares or 0.83% more from 18.78 million shares in 2016Q1.
Invesco Limited holds 177,915 shares or 0% of its portfolio. Pinebridge Invs Lp has 22,919 shares for 0.02% of their US portfolio. Schroder Mgmt Gp last reported 763,200 shares in the company. Price T Rowe Assoc Md, a Maryland-based fund reported 2.20M shares. Yorktown Mngmt And Rech Company holds 0.87% or 230,000 shares in its portfolio. Palisade Management Limited Liability Nj reported 162,665 shares or 0.1% of all its holdings. Envestnet Asset Mngmt Incorporated has invested 0% of its portfolio in Compass Diversified Holdings (NYSE:CODI). Keeley Asset Corp has 0.01% invested in the company for 10,032 shares. Sunbelt Inc reported 1,700 shares or 0% of all its holdings. Gsa Capital Partners Llp owns 153,018 shares or 0.14% of their US portfolio. Essex Fincl Svcs Inc holds 1.88% of its portfolio in Compass Diversified Holdings (NYSE:CODI) for 468,771 shares. Deutsche Comml Bank Ag has invested 0% of its portfolio in Compass Diversified Holdings (NYSE:CODI). The Netherlands-based Shell Asset Mngmt Com has invested 0.02% in Compass Diversified Holdings (NYSE:CODI). Wellington Shields And Ltd Llc owns 21,510 shares or 0.22% of their US portfolio. Provise Mgmt Grp Inc Limited holds 15,500 shares or 0.05% of its portfolio.
More notable recent Compass Diversified Holdings (NYSE:CODI) news were published by: Prnewswire.com which released: “Compass Diversified Holdings Announces Sale of Tridien Medical” on September 22, 2016, also Seekingalpha.com with their article: “Compass Diversified Holdings: No Reason To Even Blink” published on October 10, 2016, Prnewswire.com published: “Compass Diversified Holdings Subsidiary, Clean Earth, Acquires EWS Alabama” on June 01, 2016. More interesting news about Compass Diversified Holdings (NYSE:CODI) were released by: Prnewswire.com and their article: “Compass Diversified Holdings Announces Partial Divestiture of Fox Factory …” published on August 15, 2016 as well as Prnewswire.com‘s news article titled: “Compass Diversified Holdings Subsidiary, Sterno Products, Acquires Northern …” with publication date: January 25, 2016.
CODI Company Profile
Compass Diversified Holdings (the Trust), incorporated on November 18, 2005, and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages a group of small and middle-market businesses. The Company’s divisions include The Ergo Baby Carrier, Inc. (Ergobaby), Liberty Safe and Security Products, Inc. (Liberty Safe or Liberty), Fresh Hemp Foods Ltd. (Manitoba Harvest), Compass AC Holdings, Inc. (ACI or Advanced Circuits), AMT Acquisition Corporation (Arnold or Arnold Magnetics), Clean Earth Holdings, Inc. (Clean Earth), Candle Lamp Company, LLC (Sterno or Sterno Products) and Tridien Medical, Inc. (Tridien). The Firm also owns a non-controlling interest of approximately 41% in Fox Factory Holding Corp. (FOX). Compass Group Management LLC, (CGM or the Manager), manages the day to day activities of the Company and oversees the management and activities of its businesses pursuant to a management services agreement (MSA).
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