JPMorgan Chase & Co. Lowers Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

JPMorgan Chase & Co. cut its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 788,081 shares of the communications equipment provider's stock after selling 112,008 shares during the period. JPMorgan Chase & Co. owned approximately 0.37% of CommScope worth $4,106,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in CommScope by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider's stock valued at $118,542,000 after buying an additional 694,363 shares during the period. KLP Kapitalforvaltning AS acquired a new position in CommScope during the 4th quarter worth about $213,000. Sciencast Management LP acquired a new position in CommScope during the 4th quarter worth about $56,000. Intech Investment Management LLC lifted its position in 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 in the last quarter. Finally, Counterpoint Mutual Funds LLC lifted its position in CommScope by 41.7% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 94,701 shares of the communications equipment provider's stock worth $493,000 after buying an additional 27,868 shares in the last quarter. 88.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on COMM. StockNews.com upgraded shares of CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 price target on shares of CommScope in a research report on Thursday, February 27th. Raymond James downgraded shares of CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. upgraded shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price target on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.75.

CommScope Trading Up 2.2 %

COMM traded up $0.09 on Thursday, reaching $3.88. The stock had a trading volume of 887,645 shares, compared to its average volume of 4,892,358. CommScope Holding Company, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The firm has a 50-day moving average of $4.78 and a 200-day moving average of $5.21. The company has a market capitalization of $839.17 million, a price-to-earnings ratio of -0.89, 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.