Arizona State Retirement System bought a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 62,580 shares of the communications equipment provider's stock, valued at approximately $326,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of COMM. National Bank of Canada FI boosted its holdings in CommScope by 109.1% during the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider's stock valued at $33,000 after acquiring an additional 2,857 shares during the period. Diversified Trust Co grew its holdings in shares of CommScope by 11.1% in the fourth quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider's stock worth $252,000 after purchasing an additional 4,827 shares during the last quarter. Quarry LP increased its stake in shares of CommScope by 1,005.4% in the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider's stock worth $50,000 after buying an additional 7,380 shares during the period. Inspire Investing LLC raised its holdings in CommScope by 15.0% during the 4th quarter. Inspire Investing LLC now owns 77,276 shares of the communications equipment provider's stock valued at $403,000 after buying an additional 10,089 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in CommScope during the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 88.04% of the company's stock.
Wall Street Analysts Forecast Growth
COMM has been the topic of a number of research analyst reports. StockNews.com upgraded CommScope from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Morgan Stanley cut CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 target price on the stock. in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $7.00 price target on shares of CommScope in a research note on Thursday, February 27th. JPMorgan Chase & Co. upgraded shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price objective for the company in a report on Tuesday, January 14th. Finally, Raymond James lowered shares of CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $4.75.
Read Our Latest Research Report on COMM
CommScope Stock Up 5.4 %
Shares of NASDAQ:COMM traded up $0.29 during midday trading on Wednesday, reaching $5.54. The company's stock had a trading volume of 5,603,495 shares, compared to its average volume of 4,780,281. CommScope Holding Company, Inc. has a 12-month low of $0.86 and a 12-month high of $7.19. The firm has a market capitalization of $1.20 billion, a P/E ratio of -1.25, a PEG ratio of 0.41 and a beta of 1.89. The firm has a 50 day moving average of $5.27 and a 200-day moving average of $5.42.
CommScope Company Profile
(
Free Report)
CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.
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