CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Acquired by Jones Road Capital Management L.P.

Jones Road Capital Management L.P. grew its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 375,000 shares of the communications equipment provider's stock after purchasing an additional 75,000 shares during the period. CommScope comprises approximately 0.9% of Jones Road Capital Management L.P.'s holdings, making the stock its 20th largest holding. Jones Road Capital Management L.P. owned approximately 0.17% of CommScope worth $1,954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in COMM. Vanguard Group Inc. lifted its position in shares of CommScope by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider's stock worth $118,542,000 after purchasing an additional 694,363 shares during the period. Trexquant Investment LP boosted its position in CommScope by 381.5% during the 4th quarter. Trexquant Investment LP now owns 799,105 shares of the communications equipment provider's stock valued at $4,163,000 after acquiring an additional 633,146 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of CommScope by 151.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider's stock valued at $5,500,000 after acquiring an additional 542,794 shares during the period. Swiss National Bank purchased a new stake in shares of CommScope during the 4th quarter worth $2,212,000. Finally, Renaissance Technologies LLC boosted its position in CommScope by 10.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,421,300 shares of the communications equipment provider's stock valued at $23,035,000 after purchasing an additional 421,000 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

COMM has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $7.00 price objective on shares of CommScope in a research report 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 for the company in a report on Tuesday, January 14th. Morgan Stanley lowered shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price objective on the stock. in a report on Tuesday, December 17th. StockNews.com upgraded CommScope from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Finally, Raymond James downgraded CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Two 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 data from MarketBeat.com, CommScope has a consensus rating of "Hold" and a consensus price target of $4.75.

CommScope Trading Down 1.5 %

CommScope stock traded down $0.05 during mid-day trading on Monday, hitting $3.31. The company had a trading volume of 2,357,245 shares, compared to its average volume of 4,857,631. The company has a market capitalization of $716.82 million, a price-to-earnings ratio of -0.75, a P/E/G ratio of 0.41 and a beta of 1.98. The company's fifty day moving average is $5.05 and its 200-day moving average is $5.34. CommScope Holding Company, Inc. has a 12-month low of $0.86 and a 12-month high of $7.19.

CommScope Company Profile

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.