International Assets Investment Management LLC Raises Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

International Assets Investment Management LLC boosted its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM) by 264.9% in the fourth quarter, HoldingsChannel reports. The firm owned 172,161 shares of the communications equipment provider’s stock after purchasing an additional 124,986 shares during the period. International Assets Investment Management LLC’s holdings in CommScope were worth $485,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Symphony Financial Ltd. Co. bought a new stake in shares of CommScope in the 4th quarter worth approximately $28,000. Blair William & Co. IL acquired a new stake in CommScope in the 3rd quarter valued at approximately $40,000. Advisor Resource Council acquired a new stake in CommScope in the 4th quarter valued at approximately $48,000. Great Lakes Advisors LLC acquired a new stake in CommScope in the 3rd quarter valued at approximately $59,000. Finally, Fore Capital LLC acquired a new stake in CommScope in the 3rd quarter valued at approximately $67,000. Institutional investors own 88.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com cut CommScope from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Northland Securities reiterated a “market perform” rating on shares of CommScope in a research report on Friday, March 1st. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of CommScope in a research report on Monday, March 4th. Finally, Bank of America lowered their price target on CommScope from $2.00 to $1.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.02.

Insider Transactions at CommScope

In other CommScope news, Director L William Krause bought 57,300 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average price of $1.59 per share, with a total value of $91,107.00. Following the completion of the transaction, the director now directly owns 227,873 shares in the company, valued at approximately $362,318.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by insiders.

CommScope Stock Down 13.7 %

COMM opened at $0.91 on Friday. The firm has a market cap of $194.14 million, a PE ratio of -0.13 and a beta of 1.98. The business has a fifty day simple moving average of $1.35 and a 200-day simple moving average of $1.92. CommScope Holding Company, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $6.65.

CommScope (NASDAQ:COMM) last issued its earnings results on Thursday, February 29th. The communications equipment provider reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.53 billion. CommScope had a negative return on equity of 7.18% and a negative net margin of 21.64%. On average, equities research analysts anticipate that CommScope Holding Company, Inc. will post -0.29 EPS for the current fiscal year.

About CommScope

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.