Trexquant Investment LP Has $4.16 Million Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Trexquant Investment LP boosted its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 381.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 799,105 shares of the communications equipment provider's stock after purchasing an additional 633,146 shares during the period. Trexquant Investment LP owned about 0.37% of CommScope worth $4,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its holdings in shares of CommScope by 415.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 188,182 shares of the communications equipment provider's stock valued at $1,150,000 after buying an additional 151,640 shares during the period. JPMorgan Chase & Co. raised its position in shares of CommScope by 151.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider's stock worth $5,500,000 after buying an additional 542,794 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of CommScope in the 3rd quarter worth $894,000. State Street Corp grew its holdings in CommScope by 9.2% during the third quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider's stock worth $28,034,000 after acquiring an additional 387,466 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in CommScope by 130.6% in the 4th quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider's stock valued at $238,000 after acquiring an additional 25,855 shares during the last quarter. Institutional investors own 88.04% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have commented on COMM shares. JPMorgan Chase & Co. raised shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price objective for the company in a research note on Tuesday, January 14th. 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 report on Tuesday, December 17th. Raymond James lowered CommScope from a "market perform" rating to an "underperform" rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $7.00 target price on shares of CommScope in a research report on Thursday, February 27th. Finally, StockNews.com upgraded shares of CommScope from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $4.75.

CommScope Trading Down 9.4 %

Shares of COMM traded down $0.36 on Thursday, reaching $3.50. 1,830,729 shares of the company's stock were exchanged, compared to its average volume of 4,808,881. The business has a 50 day moving average price of $5.12 and a two-hundred day moving average price of $5.39. CommScope Holding Company, Inc. has a 12 month low of $0.86 and a 12 month high of $7.19. The stock has a market capitalization of $757.75 million, a P/E ratio of -0.80, a price-to-earnings-growth ratio of 0.41 and a beta of 1.98.

About CommScope

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.