Vanguard Group Inc. Has $118.54 Million Stock Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Vanguard Group Inc. raised its position in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 22,752,737 shares of the communications equipment provider's stock after acquiring an additional 694,363 shares during the period. Vanguard Group Inc. owned about 10.54% of CommScope worth $118,542,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of COMM. KLP Kapitalforvaltning AS bought a new stake in shares of CommScope in the fourth quarter worth $213,000. Sciencast Management LP bought a new stake in CommScope during the 4th quarter worth about $56,000. Intech Investment Management LLC boosted its stake in shares of CommScope by 108.4% during the 4th quarter. Intech Investment Management LLC now owns 103,033 shares of the communications equipment provider's stock worth $537,000 after buying an additional 53,587 shares during the last quarter. Counterpoint Mutual Funds LLC raised its holdings in CommScope by 41.7% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 94,701 shares of the communications equipment provider's stock worth $493,000 after acquiring an additional 27,868 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in CommScope during the fourth quarter worth about $105,000. Institutional investors and hedge funds own 88.04% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com raised CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Raymond James lowered shares of CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Morgan Stanley cut shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price target for the company. in a research note on Tuesday, December 17th. JPMorgan Chase & Co. upgraded shares of 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, January 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $4.75.

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CommScope Stock Performance

Shares of NASDAQ COMM traded down $0.08 during trading hours on Friday, reaching $3.36. 6,656,338 shares of the stock were exchanged, compared to its average volume of 4,866,250. The stock's fifty day simple moving average is $5.05 and its 200 day simple moving average is $5.34. The firm has a market capitalization of $727.64 million, a price-to-earnings ratio of -0.76, a P/E/G ratio of 0.41 and a beta of 1.98. CommScope Holding Company, Inc. has a 52 week low of $0.86 and a 52 week 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.