Sei Investments Co. Sells 110,814 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Sei Investments Co. trimmed its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 87.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 16,305 shares of the communications equipment provider's stock after selling 110,814 shares during the quarter. Sei Investments Co.'s holdings in CommScope were worth $85,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of COMM. Sciencast Management LP acquired a new position in shares of CommScope in the 4th quarter valued at approximately $56,000. Intech Investment Management LLC raised its position in CommScope by 108.4% during the fourth quarter. Intech Investment Management LLC now owns 103,033 shares of the communications equipment provider's stock valued at $537,000 after purchasing an additional 53,587 shares in the last quarter. Counterpoint Mutual Funds LLC lifted its stake in CommScope by 41.7% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 94,701 shares of the communications equipment provider's stock worth $493,000 after purchasing an additional 27,868 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of CommScope in the 4th quarter valued at $105,000. Finally, Swiss National Bank bought a new position in shares of CommScope in the 4th quarter valued at $2,212,000. Institutional investors own 88.04% of the company's stock.

CommScope Trading Up 5.8 %

NASDAQ:COMM traded up $0.20 on Tuesday, reaching $3.64. 4,461,276 shares of the stock traded hands, compared to its average volume of 4,869,593. The firm has a market capitalization of $788.28 million, a price-to-earnings ratio of -0.82, a price-to-earnings-growth ratio of 0.41 and a beta of 1.98. CommScope Holding Company, Inc. has a 1-year low of $0.86 and a 1-year high of $7.19. The company's 50 day moving average is $5.02 and its 200-day moving average is $5.33.

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Analysts Set New Price Targets

Several research firms recently weighed in on COMM. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Morgan Stanley downgraded shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price objective for the company. in a research note on Tuesday, December 17th. StockNews.com upgraded shares of CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. upgraded shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price target for the company in a report on Tuesday, January 14th. Finally, Raymond James lowered CommScope from a "market perform" rating to an "underperform" rating in a research report on Monday, January 6th. Two equities research 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, CommScope presently has an average rating of "Hold" and a consensus price target of $4.75.

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.