95,500 Shares in CommScope Holding Company, Inc. (NASDAQ:COMM) Acquired by Bailard Inc.

Bailard Inc. purchased a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 95,500 shares of the communications equipment provider’s stock, valued at approximately $269,000.

A number of other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp boosted its holdings in shares of CommScope by 55.3% during the 4th quarter. Mackenzie Financial Corp now owns 19,514 shares of the communications equipment provider’s stock worth $55,000 after buying an additional 6,949 shares during the period. New York State Common Retirement Fund lifted its position in CommScope by 14.6% during the 3rd quarter. New York State Common Retirement Fund now owns 73,992 shares of the communications equipment provider’s stock worth $249,000 after acquiring an additional 9,432 shares during the last quarter. Symphony Financial Ltd. Co. bought a new stake in CommScope during the fourth quarter valued at about $28,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CommScope by 30.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,272 shares of the communications equipment provider’s stock valued at $149,000 after purchasing an additional 10,261 shares during the last quarter. Finally, Blair William & Co. IL acquired a new position in shares of CommScope during the 3rd quarter worth about $40,000. Institutional investors own 88.04% of the company’s stock.

Insider Transactions at CommScope

In related news, Director L William Krause purchased 57,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price 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 $362,318.07. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

CommScope Price Performance

COMM opened at $0.94 on Monday. The firm’s fifty day moving average price is $1.32 and its two-hundred day moving average price is $1.89. The company has a market capitalization of $198.64 million, a P/E ratio of -0.13 and a beta of 1.98. 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 posted its earnings results on Thursday, February 29th. The communications equipment provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.53 billion. CommScope had a negative net margin of 21.64% and a negative return on equity of 7.18%. On average, equities research analysts expect that CommScope Holding Company, Inc. will post -0.29 EPS 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.