Price Change to Note: Will Compass Diversified Holdings Run Out of Steam Soon?

Price Change to Note: Will Compass Diversified Holdings Run Out of Steam Soon?

The stock of Compass Diversified Holdings (NYSE:CODI) hit a new 52-week high and has $20.25 target or 6.00% above today’s $19.10 share price. The 8 months bullish chart indicates low risk for the $1.05B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $20.25 price target is reached, the company will be worth $63.00 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 49,620 shares traded hands. Compass Diversified Holdings (NYSE:CODI) has risen 19.03% since April 22, 2016 and is uptrending. It has outperformed by 13.62% the S&P500.

Analysts await Compass Diversified Holdings (NYSE:CODI) to report earnings on March, 6. They expect $0.48 EPS, up 271.43% or $0.76 from last year’s $-0.28 per share. CODI’s profit will be $26.39 million for 9.95 P/E if the $0.48 EPS becomes a reality. After $0.72 actual EPS reported by Compass Diversified Holdings for the previous quarter, Wall Street now forecasts -33.33% negative 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 reinitiated on Wednesday, May 4 by Janney Capital. Janney Capital initiated the shares of CODI in a report on Tuesday, October 27 with “Neutral” rating. The firm has “Buy” rating given on Wednesday, July 20 by Suntrust Robinson. 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 1.5 in 2016 Q2. Its up 0.02, from 1.48 in 2016Q1. The ratio improved, 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.
Raymond James & Associates reported 54,029 shares or 0% of all its holdings. Pinebridge Invests Lp holds 0.02% of its portfolio in Compass Diversified Holdings (NYSE:CODI) for 22,919 shares. The New York-based Wellington Shields & Ltd Llc has invested 0.22% in Compass Diversified Holdings (NYSE:CODI). Massmutual Fsb Adv, a Connecticut-based fund reported 1,350 shares. Architects last reported 0% of its portfolio in the stock. Fort Washington Investment Inc Oh accumulated 21,250 shares or 0.01% of the stock. Sunbelt Securities Incorporated accumulated 0% or 1,700 shares. Legal And General Gp Public Limited Co, a United Kingdom-based fund reported 106,898 shares. Glenmede Tru Na has 99 shares for 0% of their US portfolio. Bb&T Ltd Company accumulated 44,559 shares or 0.01% of the stock. Keeley Asset Corp last reported 0.01% of its portfolio in the stock. Raymond James Advsr Inc reported 22,707 shares or 0% of all its holdings. Mckinley Carter Wealth Services has invested 0.12% of its portfolio in Compass Diversified Holdings (NYSE:CODI). Silvercrest Asset Mgmt Gp Limited Liability Company has invested 0% of its portfolio in Compass Diversified Holdings (NYSE:CODI). Susquehanna Intl Llp accumulated 0% or 10,988 shares.

More notable recent Compass Diversified Holdings (NYSE:CODI) news were published by: Prnewswire.com which released: “Compass Diversified Holdings Acquires 5.11 Tactical®” on August 01, 2016, also Reuters.com with their article: “BRIEF-Compass Diversified Holdings announces partial divestiture of Fox Fa…” published on November 22, 2016, Prnewswire.com published: “Compass Diversified Holdings Reports Third Quarter 2016 Financial Results” on November 02, 2016. More interesting news about Compass Diversified Holdings (NYSE:CODI) were released by: Prnewswire.com and their article: “Compass Diversified Holdings Subsidiary, Clean Earth, Acquires EWS Alabama” published on June 01, 2016 as well as Prnewswire.com‘s news article titled: “Compass Diversified Holdings Announces Partial Divestiture of Fox Factory …” with publication date: August 15, 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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