Russell Investments Group Ltd. Sells 67,934 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Russell Investments Group Ltd. reduced its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 41.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,093 shares of the communications equipment provider's stock after selling 67,934 shares during the period. Russell Investments Group Ltd.'s holdings in CommScope were worth $496,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Diversified Trust Co raised its holdings in CommScope by 11.1% in the fourth quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider's stock valued at $252,000 after acquiring an additional 4,827 shares in the last quarter. Inspire Investing LLC raised its holdings in CommScope by 15.0% in the fourth quarter. Inspire Investing LLC now owns 77,276 shares of the communications equipment provider's stock valued at $403,000 after acquiring an additional 10,089 shares in the last quarter. Sciencast Management LP acquired a new stake in shares of CommScope during the fourth quarter worth $56,000. Ballentine Partners LLC acquired a new stake in shares of CommScope during the fourth quarter worth $58,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of CommScope during the fourth quarter worth $60,000. 88.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

CommScope Stock Down 1.6 %

Shares of CommScope stock traded down $0.07 on Tuesday, hitting $3.89. 436,790 shares of the company traded hands, compared to its average volume of 4,884,578. The company has a 50-day moving average price of $4.70 and a 200 day moving average price of $5.15. CommScope Holding Company, Inc. has a 12-month low of $0.86 and a 12-month high of $7.19. The company has a market cap of $841.34 million, a PE ratio of -0.88, a PEG ratio of 0.41 and a beta of 1.98.

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.