Intech Investment Management LLC lifted its stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 108.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,033 shares of the communications equipment provider's stock after acquiring an additional 53,587 shares during the period. Intech Investment Management LLC's holdings in CommScope were worth $537,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. National Bank of Canada FI raised its stake in CommScope by 109.1% in the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider's stock worth $33,000 after acquiring an additional 2,857 shares during the last quarter. Quarry LP grew its holdings in CommScope by 1,005.4% during the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider's stock worth $50,000 after acquiring an additional 7,380 shares during the period. Ballentine Partners LLC purchased a new position in CommScope during the fourth quarter valued at approximately $58,000. Jones Financial Companies Lllp purchased a new stake in CommScope in the 4th quarter worth approximately $60,000. Finally, EPIQ Capital Group LLC acquired a new stake in shares of CommScope during the 4th quarter worth approximately $73,000. 88.04% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently commented on COMM shares. Morgan Stanley lowered shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price target on the stock. in a research report on Tuesday, December 17th. StockNews.com upgraded CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price target on the stock in a research note on Tuesday, January 14th. Finally, Raymond James cut shares of CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $4.75.
Read Our Latest Analysis on CommScope
CommScope Price Performance
NASDAQ COMM traded down $0.17 during trading hours on Friday, hitting $5.37. 4,477,172 shares of the company's stock traded hands, compared to its average volume of 4,597,943. CommScope Holding Company, Inc. has a 52-week low of $0.86 and a 52-week high of $7.19. The company has a market capitalization of $1.16 billion, a PE ratio of -1.21, a PEG ratio of 0.41 and a beta of 1.89. The firm's 50-day moving average is $5.33 and its 200-day moving average is $5.48.
CommScope 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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