SG Americas Securities LLC Grows Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

SG Americas Securities LLC raised its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMMGet Rating) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,943 shares of the communications equipment provider’s stock after buying an additional 5,701 shares during the period. SG Americas Securities LLC’s holdings in CommScope were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of CommScope by 3.2% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 41,255 shares of the communications equipment provider’s stock worth $252,000 after buying an additional 1,265 shares during the period. First Republic Investment Management Inc. boosted its position in shares of CommScope by 2.0% during the second quarter. First Republic Investment Management Inc. now owns 66,552 shares of the communications equipment provider’s stock worth $407,000 after buying an additional 1,331 shares during the period. US Bancorp DE boosted its position in shares of CommScope by 27.3% during the second quarter. US Bancorp DE now owns 6,353 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 1,364 shares during the period. National Bank of Canada FI boosted its position in shares of CommScope by 43.1% during the second quarter. National Bank of Canada FI now owns 10,136 shares of the communications equipment provider’s stock worth $62,000 after buying an additional 3,054 shares during the period. Finally, Diversified Trust Co boosted its holdings in CommScope by 10.2% in the third quarter. Diversified Trust Co now owns 35,277 shares of the communications equipment provider’s stock valued at $325,000 after purchasing an additional 3,279 shares during the period. 90.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COMM has been the subject of a number of recent research reports. StockNews.com initiated coverage on CommScope in a report on Wednesday, October 12th. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their target price on CommScope from $14.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, December 20th. Credit Suisse Group reiterated an “outperform” rating and issued a $17.00 target price on shares of CommScope in a report on Wednesday, December 21st. Bank of America upgraded CommScope from an “underperform” rating to a “buy” rating and lifted their target price for the company from $8.00 to $15.00 in a report on Thursday, January 12th. Finally, Morgan Stanley decreased their price target on CommScope from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, December 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.88.

CommScope Stock Performance

COMM opened at $8.84 on Friday. The business’s 50-day simple moving average is $8.14 and its 200-day simple moving average is $9.51. CommScope Holding Company, Inc. has a one year low of $5.56 and a one year high of $13.73. The stock has a market capitalization of $1.84 billion, a P/E ratio of -5.63, a price-to-earnings-growth ratio of 0.19 and a beta of 1.78.

CommScope (NASDAQ:COMMGet Rating) last posted its earnings results on Thursday, November 3rd. The communications equipment provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. CommScope had a negative return on equity of 87.03% and a negative net margin of 2.90%. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.30 billion. On average, equities research analysts forecast that CommScope Holding Company, Inc. will post 1.45 EPS for the current fiscal year.

About CommScope

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CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.

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Institutional Ownership by Quarter for CommScope (NASDAQ:COMM)

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