CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 73.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 233,884 shares of the communications equipment provider's stock after purchasing an additional 99,238 shares during the period. Franklin Resources Inc. owned about 0.11% of CommScope worth $1,219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. National Bank of Canada FI grew its position in shares of CommScope by 109.1% during the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider's stock worth $33,000 after buying an additional 2,857 shares in the last quarter. Sciencast Management LP acquired a new stake in shares of CommScope in the 4th quarter valued at about $56,000. Ballentine Partners LLC bought a new position in shares of CommScope during the fourth quarter worth about $58,000. Jones Financial Companies Lllp bought a new stake in CommScope in the fourth quarter valued at about $60,000. Finally, EPIQ Capital Group LLC acquired a new stake in CommScope during the fourth quarter valued at approximately $73,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on COMM. Raymond James lowered CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. StockNews.com upgraded CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. upgraded 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.75.

CommScope Trading Down 3.2 %

COMM traded down $0.11 during trading hours on Friday, hitting $3.33. The company's stock had a trading volume of 3,580,947 shares, compared to its average volume of 4,891,130. CommScope Holding Company, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The company has a 50-day simple moving average of $4.89 and a 200 day simple moving average of $5.26. The firm has a market capitalization of $721.15 million, a PE ratio of -0.75, a PEG ratio of 0.41 and a beta of 1.98.

CommScope 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.