Swiss National Bank Acquires Shares of 424,600 CommScope Holding Company, Inc. (NASDAQ:COMM)

Swiss National Bank purchased a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 424,600 shares of the communications equipment provider's stock, valued at approximately $2,212,000. Swiss National Bank owned approximately 0.20% of CommScope at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COMM. National Bank of Canada FI boosted its holdings in CommScope by 109.1% in the 3rd 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 lifted its holdings in CommScope by 1,005.4% in the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider's stock valued at $50,000 after acquiring an additional 7,380 shares during the last quarter. Ballentine Partners LLC acquired a new stake in CommScope during the fourth quarter worth $58,000. Jones Financial Companies Lllp acquired a new position in shares of CommScope in the 4th quarter valued at $60,000. Finally, EPIQ Capital Group LLC purchased a new position in shares of CommScope during the 4th quarter worth $73,000. Institutional investors and hedge funds own 88.04% of the company's stock.

CommScope Stock Performance

Shares of CommScope stock traded down $0.24 during trading hours on Monday, reaching $5.14. 720,655 shares of the company were exchanged, compared to its average volume of 4,590,578. The stock's fifty day moving average is $5.33 and its 200 day moving average is $5.50. The firm has a market cap of $1.11 billion, a PE ratio of -1.16, 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.

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Analyst Upgrades and Downgrades

A number of research analysts have commented 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 research report on Tuesday, January 14th. StockNews.com upgraded shares of CommScope from a "hold" rating to a "buy" rating in a report on Friday, February 28th. Morgan Stanley lowered CommScope from an "equal weight" rating to an "underweight" rating and set a $5.00 target price on the stock. in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $7.00 price target on shares of CommScope in a research report on Thursday, February 27th. Finally, Raymond James downgraded CommScope from a "market perform" rating to an "underperform" rating in a report on Monday, January 6th. Two 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, the company 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.