Headlands Technologies LLC Decreases Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

Headlands Technologies LLC lowered its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 26.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,488 shares of the communications equipment provider's stock after selling 55,842 shares during the quarter. Headlands Technologies LLC owned 0.07% of CommScope worth $815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in COMM. Geode Capital Management LLC increased its stake in CommScope by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 5,126,442 shares of the communications equipment provider's stock worth $26,715,000 after acquiring an additional 14,576 shares during the last quarter. Franklin Resources Inc. lifted its position in CommScope by 73.7% in the fourth quarter. Franklin Resources Inc. now owns 233,884 shares of the communications equipment provider's stock worth $1,219,000 after buying an additional 99,238 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in CommScope during the fourth quarter worth $171,000. Vanguard Group Inc. increased its position in CommScope by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider's stock valued at $118,542,000 after acquiring an additional 694,363 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in CommScope during the fourth quarter valued at $213,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms recently commented on COMM. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $7.00 price target on shares of CommScope in a research note 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 objective for the company in a research report on Tuesday, January 14th. Raymond James lowered CommScope from a "market perform" rating to an "underperform" rating in a report on Monday, January 6th. StockNews.com raised CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Finally, Morgan Stanley downgraded shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 target price for the company. in a report on Tuesday, December 17th. Two 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. Based on data from MarketBeat.com, CommScope presently has a consensus rating of "Hold" and an average price target of $4.75.

CommScope Stock Down 3.0 %

Shares of COMM stock traded down $0.11 on Monday, hitting $3.51. The company had a trading volume of 3,555,618 shares, compared to its average volume of 4,748,805. CommScope Holding Company, Inc. has a twelve month low of $0.86 and a twelve month high of $7.19. The company has a 50-day moving average price of $5.24 and a 200-day moving average price of $5.47. The firm has a market cap of $760.13 million, a P/E ratio of -0.78, 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.