Staley Capital Advisers Inc. Sells 187,000 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Staley Capital Advisers Inc. lessened its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 571,200 shares of the communications equipment provider's stock after selling 187,000 shares during the quarter. Staley Capital Advisers Inc. owned approximately 0.26% of CommScope worth $2,976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI grew its holdings in CommScope by 109.1% during the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider's stock valued at $33,000 after purchasing an additional 2,857 shares during the last quarter. Quarry LP grew its holdings in CommScope by 1,005.4% during the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider's stock valued at $50,000 after purchasing an additional 7,380 shares during the last quarter. Ballentine Partners LLC acquired a new position in CommScope during the fourth quarter valued at approximately $58,000. Jones Financial Companies Lllp acquired a new position in CommScope during the fourth quarter valued at approximately $60,000. Finally, Creative Planning acquired a new stake in shares of CommScope in the third quarter worth $73,000. Institutional investors and hedge funds own 88.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COMM shares. JPMorgan Chase & Co. upgraded shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price objective on the stock in a research note on Tuesday, January 14th. Morgan Stanley downgraded shares of CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 price objective on the stock. 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 note on Friday, February 28th. Raymond James downgraded shares of CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, CommScope has a consensus rating of "Hold" and an average price target of $4.00.

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CommScope Stock Down 0.6 %

COMM traded down $0.03 during trading on Tuesday, reaching $4.63. 5,751,810 shares of the company's stock were exchanged, compared to its average volume of 4,855,924. CommScope Holding Company, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The business has a 50 day moving average price of $5.28 and a 200 day moving average price of $5.39. The company has a market capitalization of $1.00 billion, a P/E ratio of -1.05, a PEG ratio of 0.41 and a beta of 1.89.

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.