Compass Diversified Holdings (CODI) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 23.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 72,776 shares of the financial services provider’s stock after acquiring an additional 13,951 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Compass Diversified Holdings worth $1,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in shares of Compass Diversified Holdings by 1.3% during the 1st quarter. Stifel Financial Corp now owns 42,612 shares of the financial services provider’s stock worth $707,000 after acquiring an additional 545 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Compass Diversified Holdings by 1.5% during the 1st quarter. Morgan Stanley now owns 483,861 shares of the financial services provider’s stock worth $8,033,000 after acquiring an additional 7,296 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of Compass Diversified Holdings by 8.9% during the 1st quarter. Credit Suisse AG now owns 62,562 shares of the financial services provider’s stock worth $1,039,000 after acquiring an additional 5,108 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Compass Diversified Holdings by 125.0% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 288,017 shares of the financial services provider’s stock worth $4,781,000 after acquiring an additional 160,000 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Compass Diversified Holdings by 11.8% during the 1st quarter. Schroder Investment Management Group now owns 1,065,877 shares of the financial services provider’s stock worth $17,480,000 after acquiring an additional 112,677 shares during the last quarter. 33.17% of the stock is owned by institutional investors.

Compass Diversified Holdings (NYSE CODI) traded up 0.445% during mid-day trading on Monday, reaching $16.925. 39,714 shares of the company’s stock traded hands. The stock’s market capitalization is $1.01 billion. Compass Diversified Holdings has a 12-month low of $15.90 and a 12-month high of $19.50. The stock has a 50-day moving average price of $17.24 and a 200-day moving average price of $16.84.

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

In other news, insider Alan B. Offenberg acquired 60,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were purchased at an average price of $16.84 per share, with a total value of $1,010,400.00. Following the transaction, the insider now directly owns 500,852 shares in the company, valued at $8,434,347.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.

A number of research firms have recently issued reports on CODI. BidaskClub downgraded shares of Compass Diversified Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a research note on Thursday, June 8th. TheStreet raised shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a research note on Friday, July 7th. Finally, ValuEngine downgraded shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.50.

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Compass Diversified Holdings Company Profile

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.

Institutional Ownership by Quarter for Compass Diversified Holdings (NYSE:CODI)

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