Price Action Report: What’s Compass Diversified Holdings Upside After Reaching 52-Week High?

Price Action Report: What's Compass Diversified Holdings Upside After Reaching 52 Week High?

The stock of Compass Diversified Holdings (NYSE:CODI) hit a new 52-week high and has $24.99 target or 42.00% above today’s $17.60 share price. The 6 months bullish chart indicates low risk for the $960.61M company. The 1-year high was reported on Oct, 10 by Barchart.com. If the $24.99 price target is reached, the company will be worth $403.46M 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 14,148 shares traded hands. Compass Diversified Holdings (NYSE:CODI) has risen 19.48% since March 7, 2016 and is uptrending. It has outperformed by 11.89% the S&P500.

Analysts await Compass Diversified Holdings (NYSE:CODI) to report earnings on November, 2. They expect $0.39 EPS, up 143.75% or $0.23 from last year’s $0.16 per share. CODI’s profit will be $21.29M for 11.28 P/E if the $0.39 EPS becomes a reality. After $0.33 actual EPS 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 rating was initiated by Suntrust Robinson on Wednesday, July 20 with “Buy”. Bank of America initiated it with “Buy” rating and $18 target price in Tuesday, August 25 report. The stock has “Neutral” rating given by Janney Capital on Wednesday, May 4. The stock of Compass Diversified Holdings (NYSE:CODI) earned “Neutral” rating by Janney Capital on Tuesday, October 27.

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.
1St Source National Bank accumulated 0.02% or 10,000 shares. Yorktown & Com reported 230,000 shares or 0.87% of all its holdings. Deutsche Financial Bank Ag holds 0% of its portfolio in Compass Diversified Holdings (NYSE:CODI) for 200,723 shares. Susquehanna Gru Limited Liability Partnership holds 0% of its portfolio in Compass Diversified Holdings (NYSE:CODI) for 10,988 shares. The New York-based Silvercrest Asset Mngmt Gp has invested 0% in Compass Diversified Holdings (NYSE:CODI). M&T Commercial Bank has invested 0% of its portfolio in Compass Diversified Holdings (NYSE:CODI). Jpmorgan Chase And Commerce has invested 0% of its portfolio in Compass Diversified Holdings (NYSE:CODI). The Washington-based Perkins Coie Trust has invested 0% in Compass Diversified Holdings (NYSE:CODI). The Netherlands-based Shell Asset Mngmt has invested 0.02% in Compass Diversified Holdings (NYSE:CODI). Morgan Stanley holds 251,653 shares or 0% of its portfolio. The New Jersey-based Kcg has invested 0% in Compass Diversified Holdings (NYSE:CODI). Peak6 Invests Ltd Partnership has 0% invested in the company for 32,299 shares. Moreover, Lpl Finance Lc has 0% invested in Compass Diversified Holdings (NYSE:CODI) for 17,211 shares. Hl Financial Service Ltd Liability Com last reported 35,501 shares in the company. Royal National Bank & Trust Of Canada, a Ontario – Canada-based fund reported 8.13M shares.

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 Prnewswire.com with their article: “Compass Diversified Holdings Announces Partial Divestiture of Fox Factory …” published on August 15, 2016, Prnewswire.com published: “Compass Diversified Holdings Reports Second Quarter 2016 Financial Results” on August 03, 2016. More interesting news about Compass Diversified Holdings (NYSE:CODI) were released by: Prnewswire.com and their article: “Compass Diversified Holdings Acquires Manitoba Harvest Hemp Foods” published on June 08, 2015 as well as Prnewswire.com‘s news article titled: “Compass Diversified Holdings Subsidiary, Clean Earth, Acquires Phoenix Soil” with publication date: April 18, 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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