The stock of Compass Diversified Holdings (NYSE:CODI) hit a new 52-week high and has $25.96 target or 37.00% above today’s $18.95 share price. The 7 months bullish chart indicates low risk for the $1.03 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $25.96 price target is reached, the company will be worth $381.10M 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 139,843 shares traded hands. Compass Diversified Holdings (NYSE:CODI) has risen 13.12% since April 11, 2016 and is uptrending. It has outperformed by 6.98% the S&P500.
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. Janney Capital initiated Compass Diversified Holdings (NYSE:CODI) on Tuesday, October 27 with “Neutral” rating. The stock of Compass Diversified Holdings (NYSE:CODI) earned “Buy” rating by Suntrust Robinson on Wednesday, July 20. The rating was reinitiated by Janney Capital on Wednesday, May 4 with “Neutral”. The firm has “Buy” rating given on Tuesday, August 25 by Bank of America.
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 increased, 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.
Moreover, Creative Planning has 0% invested in Compass Diversified Holdings (NYSE:CODI) for 3,450 shares. 1St Source Bancorporation accumulated 10,000 shares or 0.02% of the stock. Gilman Hill Asset Limited Liability Co has 254,243 shares for 1.73% of their US portfolio. Cambridge Advisors Inc holds 12,712 shares or 0% of its portfolio. Gsa Partners Limited Liability Partnership accumulated 0.14% or 153,018 shares. Moreover, Goldman Sachs Gru Inc has 0% invested in Compass Diversified Holdings (NYSE:CODI) for 105,714 shares. Keeley Asset Mngmt has 0.01% invested in the company for 10,032 shares. Raymond James Finance Serv, a Florida-based fund reported 22,707 shares. River Road Asset Limited Liability Corp reported 556,901 shares or 0.2% of all its holdings. Centaur Cap Prtn Limited Partnership accumulated 0.88% or 36,500 shares. Teachers Retirement Sys Of The State Of Kentucky, a Kentucky-based fund reported 47,710 shares. Massmutual Fsb Adv holds 0% or 1,350 shares in its portfolio. Stifel holds 42,816 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa reported 232 shares or 0% of all its holdings. The New York-based Clinton Group Incorporated has invested 0.01% in Compass Diversified Holdings (NYSE:CODI).
More notable recent Compass Diversified Holdings (NYSE:CODI) news were published by: Prnewswire.com which released: “Compass Diversified Holdings Reports Third Quarter 2016 Financial Results” on November 02, 2016, also Prnewswire.com with their article: “Compass Diversified Holdings Acquires 5.11 Tactical®” published on August 01, 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 Reports Second Quarter 2016 Financial Results” with publication date: August 03, 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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