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JPMorgan Chase & Co. Has $5.50 Million Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

CommScope logo with Computer and Technology background

JPMorgan Chase & Co. grew its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 151.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 900,089 shares of the communications equipment provider's stock after acquiring an additional 542,794 shares during the period. JPMorgan Chase & Co. owned 0.42% of CommScope worth $5,500,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in COMM. National Bank of Canada FI grew its stake in shares of CommScope by 109.1% in the third 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 in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of CommScope by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 86,509 shares of the communications equipment provider's stock worth $106,000 after purchasing an additional 4,466 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of CommScope during the third quarter worth approximately $31,000. Quarry LP increased its holdings in shares of 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 purchasing an additional 7,380 shares during the period. Finally, Belvedere Trading LLC acquired a new stake in shares of CommScope in the third quarter valued at approximately $68,000. Institutional investors own 88.04% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JPMorgan Chase & Co. upgraded CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price objective on the stock in a research note on Tuesday. Raymond James cut CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Finally, Morgan Stanley cut shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price objective for the company. in a research report on Tuesday, December 17th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat.com, CommScope presently has an average rating of "Hold" and a consensus target price of $3.00.

Read Our Latest Report on COMM

CommScope Price Performance

Shares of COMM stock traded down $0.04 on Friday, hitting $5.36. 2,676,848 shares of the company's stock were exchanged, compared to its average volume of 3,947,850. CommScope Holding Company, Inc. has a 12 month low of $0.86 and a 12 month high of $7.19. The company has a 50 day moving average of $5.17 and a 200 day moving average of $4.58. The stock has a market cap of $1.16 billion, a P/E ratio of -1.21, a price-to-earnings-growth ratio of 0.57 and a beta of 1.92.

CommScope (NASDAQ:COMM - Get Free Report) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.38). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.42 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. Sell-side analysts predict that CommScope Holding Company, Inc. will post -0.85 EPS for the current fiscal year.

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.

See Also

Institutional Ownership by Quarter for CommScope (NASDAQ:COMM)

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