CommScope Sees Unusually Large Options Volume (NASDAQ:COMM)

CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) saw unusually large options trading activity on Thursday. Stock investors acquired 5,789 call options on the company. This is an increase of approximately 78% compared to the average daily volume of 3,248 call options.

Institutional Trading of CommScope

Hedge funds have recently made changes to their positions in the company. Creative Planning acquired a new stake in CommScope during the 3rd quarter worth approximately $73,000. Traynor Capital Management Inc. bought a new position in shares of CommScope during the third quarter valued at $98,000. Belvedere Trading LLC bought a new stake in shares of CommScope in the third quarter worth $68,000. Hanseatic Management Services Inc. acquired a new stake in CommScope in the third quarter valued at $76,000. Finally, Aigen Investment Management LP acquired a new stake in CommScope in the third quarter valued at $352,000. 88.04% of the stock is owned by institutional investors and hedge funds.

CommScope Price Performance

Shares of NASDAQ COMM traded down $0.17 during mid-day trading on Monday, hitting $6.18. 5,887,461 shares of the stock traded hands, compared to its average volume of 4,594,869. The company has a market cap of $1.33 billion, a PE ratio of -1.40, a price-to-earnings-growth ratio of 0.41 and a beta of 1.90. CommScope has a twelve month low of $0.86 and a twelve month high of $7.19. The firm has a 50 day simple moving average of $5.29 and a two-hundred day simple moving average of $5.32.

Analysts Set New Price Targets

COMM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised 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. Raymond James lowered CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $7.00 price objective on shares of CommScope in a research report on Thursday. StockNews.com upgraded CommScope from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Morgan Stanley downgraded CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 target price for the company. in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, CommScope presently has an average rating of "Hold" and a consensus target price of $4.00.

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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.