Compass Diversified Holdings LLC (CODI)’s Trend Down, Especially After Forming a H&S

January 20, 2018 - By Vivian Currie

Investors sentiment increased to 1.32 in 2017 Q3. Its up 0.04, from 1.28 in 2017Q2. It improved, as 14 investors sold Compass Diversified Holdings LLC shares while 17 reduced holdings. 10 funds opened positions while 31 raised stakes. 19.09 million shares or 0.09% less from 19.11 million shares in 2017Q2 were reported.
Da Davidson And Co stated it has 0.01% of its portfolio in Compass Diversified Holdings LLC (NYSE:CODI). Pnc Finance Services Grp Inc Inc, Pennsylvania-based fund reported 27,740 shares. Wellington Mngmt Limited Liability Partnership accumulated 47,710 shares. Amer Century owns 2.30 million shares. Moreover, Millennium Limited Liability Corporation has 0% invested in Compass Diversified Holdings LLC (NYSE:CODI) for 70,046 shares. The Massachusetts-based State Street Corp has invested 0% in Compass Diversified Holdings LLC (NYSE:CODI). Lpl Fin Lc reported 40,412 shares. Cranbrook Wealth Mngmt Ltd Liability Corp holds 0.04% or 5,179 shares. Northern Trust has invested 0% in Compass Diversified Holdings LLC (NYSE:CODI). Alps Advisors accumulated 0.02% or 179,400 shares. Next Grp Inc Inc has 0.03% invested in Compass Diversified Holdings LLC (NYSE:CODI) for 5,800 shares. Ameriprise Financial Inc reported 0% of its portfolio in Compass Diversified Holdings LLC (NYSE:CODI). Deutsche Retail Bank Ag reported 56,543 shares. Smithfield Trust holds 0.01% or 3,536 shares in its portfolio. Group One Trading L P holds 100 shares or 0% of its portfolio.

The stock of Compass Diversified Holdings LLC (CODI) formed H&S with $15.38 target or 9.00 % below today’s $16.90 share price. The 5 months Head & Shoulders indicates high risk for the $1.01B company. It was reported on Jan, 20 by Faxor.com. If the $15.38 price target is reached, the company will be worth $91.08M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.60% or $0.1 during the last trading session, reaching $16.9. About 159,765 shares traded. Compass Diversified Holdings LLC (NYSE:CODI) has risen 3.37% since January 20, 2017 and is uptrending. It has underperformed by 13.33% the S&P500.

Analysts await Compass Diversified Holdings LLC (NYSE:CODI) to report earnings on March, 7. They expect $0.44 EPS, up 528.57 % or $0.37 from last year’s $0.07 per share. CODI’s profit will be $26.35M for 9.60 P/E if the $0.44 EPS becomes a reality. After $0.25 actual EPS reported by Compass Diversified Holdings LLC for the previous quarter, Wall Street now forecasts 76.00 % EPS growth.

Compass Diversified Holdings LLC (NYSE:CODI) Ratings Coverage

Among 5 analysts covering Compass Diversified Holdings (NYSE:CODI), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Compass Diversified Holdings has $2000 highest and $18 lowest target. $19’s average target is 12.43% above currents $16.9 stock price. Compass Diversified Holdings had 9 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was initiated by Janney Capital on Tuesday, October 27 with “Neutral”. The rating was initiated by Bank of America with “Buy” on Tuesday, August 25. The rating was maintained by Jefferies with “Buy” on Friday, September 22. Janney Capital reinitiated the stock with “Neutral” rating in Wednesday, May 4 report. The rating was initiated by Suntrust Robinson on Wednesday, July 20 with “Buy”. Jefferies maintained Compass Diversified Holdings LLC (NYSE:CODI) rating on Tuesday, August 15. Jefferies has “Buy” rating and $20.0 target. Jefferies maintained the stock with “Buy” rating in Tuesday, June 6 report. As per Friday, November 3, the company rating was maintained by Jefferies. SunTrust maintained the stock with “Buy” rating in Thursday, November 9 report.

More notable recent Compass Diversified Holdings LLC (NYSE:CODI) news were published by: Prnewswire.com which released: “Compass Diversified Holdings Declares Fourth Quarter 2017 Distributions on …” on January 04, 2018, also Seekingalpha.com with their article: “Compass Diversified Holdings’ (CODI) CEO Alan Offenberg on Q1 2017 Results …” published on May 08, 2017, Prnewswire.com published: “Compass Diversified Holdings Acquires Foam Fabricators” on January 18, 2018. More interesting news about Compass Diversified Holdings LLC (NYSE:CODI) were released by: Reuters.com and their article: “BRIEF-Compass Diversified Holdings Announces Retirement Of Alan B. Offenberg …” published on January 16, 2018 as well as Seekingalpha.com‘s news article titled: “Compass Diversified Holdings’ (CODI) CEO, Alan Offenberg on Q3 2017 Results …” with publication date: November 09, 2017.

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