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

SG Americas Securities LLC raised its position in CommScope Holding Company, Inc. (NASDAQ:COMM) by 76.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,480 shares of the communications equipment provider’s stock after acquiring an additional 21,869 shares during the quarter. SG Americas Securities LLC’s holdings in CommScope were worth $142,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in COMM. Bank of America Corp DE lifted its stake in CommScope by 59.1% in the first quarter. Bank of America Corp DE now owns 8,226,097 shares of the communications equipment provider’s stock worth $52,400,000 after acquiring an additional 3,056,141 shares during the last quarter. Weiss Multi Strategy Advisers LLC lifted its stake in CommScope by 80.0% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 6,604,444 shares of the communications equipment provider’s stock worth $52,043,000 after acquiring an additional 2,934,775 shares during the last quarter. Vanguard Group Inc. lifted its stake in CommScope by 11.5% in the first quarter. Vanguard Group Inc. now owns 27,002,559 shares of the communications equipment provider’s stock worth $212,781,000 after acquiring an additional 2,790,362 shares during the last quarter. BlackRock Inc. lifted its position in shares of CommScope by 22.1% during the 1st quarter. BlackRock Inc. now owns 14,164,751 shares of the communications equipment provider’s stock worth $111,616,000 after buying an additional 2,560,861 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of CommScope by 1,110.1% during the 2nd quarter. Marshall Wace LLP now owns 2,216,838 shares of the communications equipment provider’s stock worth $12,481,000 after buying an additional 2,033,650 shares during the last quarter. Hedge funds and other institutional investors own 88.04% of the company’s stock.

CommScope Stock Performance

Shares of COMM opened at $0.99 on Wednesday. The stock has a market capitalization of $211.01 million, a P/E ratio of -0.14 and a beta of 1.98. The company’s fifty day moving average is $1.51 and its two-hundred day moving average is $2.00. CommScope Holding Company, Inc. has a 1 year low of $0.89 and a 1 year high of $6.65.

CommScope (NASDAQ:COMM) last announced its quarterly earnings data on Thursday, February 29th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.53 billion. CommScope had a negative net margin of 21.64% and a negative return on equity of 7.18%. Sell-side analysts predict that CommScope Holding Company, Inc. will post -0.29 EPS for the current year.

Insider Buying and Selling at CommScope

In related news, Director L William Krause purchased 57,300 shares of the stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average cost of $1.59 per share, with a total value of $91,107.00. Following the purchase, the director now directly owns 227,873 shares in the company, valued at approximately $362,318.07. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated an “underweight” rating on shares of CommScope in a research report on Monday, March 4th. Northland Securities reaffirmed a “market perform” rating on shares of CommScope in a report on Friday, March 1st. Bank of America cut their target price on shares of CommScope from $2.00 to $1.00 and set an “underperform” rating on the stock in a report on Wednesday, March 13th. Finally, StockNews.com cut shares of CommScope from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.27.

CommScope 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.