CommScope Holding Company, Inc. (NASDAQ:COMM) Given Consensus Recommendation of “Reduce” by Brokerages

CommScope Holding Company, Inc. (NASDAQ:COMM) has been assigned a consensus recommendation of “Reduce” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $4.02.

Several equities research analysts have recently weighed in on COMM shares. JPMorgan Chase & Co. reissued an “underweight” rating on shares of CommScope in a research note on Monday, March 4th. StockNews.com cut shares of CommScope from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Northland Securities restated a “market perform” rating on shares of CommScope in a report on Friday, March 1st. Finally, Bank of America cut their price target 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.

Insiders Place Their Bets

In other CommScope news, Director L William Krause bought 57,300 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average cost of $1.59 per share, for a total transaction of $91,107.00. Following the acquisition, the director now directly owns 227,873 shares in the company, valued at $362,318.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in CommScope by 8.0% during the 3rd quarter. Vanguard Group Inc. now owns 37,076,845 shares of the communications equipment provider’s stock worth $124,578,000 after acquiring an additional 2,745,209 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of CommScope by 42.7% in the 4th quarter. First Trust Advisors LP now owns 13,071,560 shares of the communications equipment provider’s stock valued at $36,862,000 after buying an additional 3,911,673 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of CommScope by 28.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,790,900 shares of the communications equipment provider’s stock valued at $16,330,000 after buying an additional 1,280,636 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of CommScope by 1.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,103,657 shares of the communications equipment provider’s stock valued at $13,788,000 after buying an additional 42,580 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of CommScope by 35.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,699,394 shares of the communications equipment provider’s stock valued at $5,481,000 after buying an additional 448,980 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors.

CommScope Trading Down 13.7 %

Shares of COMM opened at $0.91 on Friday. CommScope has a twelve month low of $0.86 and a twelve month high of $6.65. The company has a market cap of $194.14 million, a P/E ratio of -0.13 and a beta of 1.98. The company’s fifty day simple moving average is $1.35 and its 200-day simple moving average is $1.92.

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

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.