Semanteon Capital Management LP Reduces Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

Semanteon Capital Management LP trimmed its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 88.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,040 shares of the communications equipment provider's stock after selling 165,408 shares during the period. Semanteon Capital Management LP's holdings in CommScope were worth $110,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COMM. Intech Investment Management LLC acquired a new position in CommScope during the third quarter worth about $302,000. Landscape Capital Management L.L.C. acquired a new position in shares of CommScope during the 3rd quarter worth $152,000. Alpha DNA Investment Management LLC purchased a new stake in shares of CommScope in the 3rd quarter worth about $409,000. Dynamic Technology Lab Private Ltd acquired a new stake in CommScope in the 3rd quarter valued at about $332,000. Finally, Bank of Montreal Can purchased a new position in CommScope during the 3rd quarter valued at about $7,023,000. 88.04% of the stock is owned by institutional investors and hedge funds.

CommScope Stock Down 1.4 %

Shares of NASDAQ COMM traded down $0.08 during midday trading on Thursday, hitting $5.54. The stock had a trading volume of 3,839,776 shares, compared to its average volume of 4,500,515. The company has a fifty day moving average price of $5.33 and a 200 day moving average price of $5.48. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -1.25, a PEG ratio of 0.41 and a beta of 1.89. CommScope Holding Company, Inc. has a 1-year low of $0.86 and a 1-year high of $7.19.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on COMM shares. Raymond James lowered CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Morgan Stanley lowered CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price target on the stock. in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 target price 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 report on Friday, February 28th. Finally, JPMorgan Chase & Co. raised shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price target for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.75.

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.