CommScope Holding Company, Inc. $COMM Shares Purchased by US Bancorp DE

US Bancorp DE increased its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 27.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,404 shares of the communications equipment provider’s stock after acquiring an additional 4,337 shares during the quarter. US Bancorp DE’s holdings in CommScope were worth $108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in CommScope during the first quarter worth about $143,000. KBC Group NV acquired a new stake in CommScope during the first quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CommScope by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,354 shares of the communications equipment provider’s stock worth $632,000 after acquiring an additional 5,909 shares during the period. Bank of New York Mellon Corp raised its stake in CommScope by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 725,413 shares of the communications equipment provider’s stock worth $3,852,000 after acquiring an additional 41,286 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of CommScope by 986.1% in the fourth quarter. Legal & General Group Plc now owns 204,549 shares of the communications equipment provider’s stock valued at $1,066,000 after purchasing an additional 185,716 shares during the period. Institutional investors and hedge funds own 88.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of CommScope from $6.00 to $7.50 and gave the company a “hold” rating in a report on Tuesday, June 24th. Northland Securities set a $20.00 price objective on shares of CommScope in a research note on Tuesday, August 5th. Raymond James Financial upgraded shares of CommScope from an “underperform” rating to an “outperform” rating and set a $19.00 price target on the stock in a report on Tuesday, August 5th. Northland Capmk upgraded shares of CommScope from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. Finally, Bank of America upgraded shares of CommScope from an “underperform” rating to a “buy” rating and raised their target price for the company from $4.00 to $20.00 in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.75.

CommScope Stock Performance

Shares of CommScope stock opened at $15.50 on Monday. The firm’s 50-day simple moving average is $8.97 and its 200-day simple moving average is $6.39. CommScope Holding Company, Inc. has a twelve month low of $2.94 and a twelve month high of $15.85. The firm has a market cap of $3.43 billion, a P/E ratio of 5.83, a price-to-earnings-growth ratio of 0.55 and a beta of 2.38.

CommScope (NASDAQ:COMM) last issued its earnings results on Monday, August 4th. The communications equipment provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. CommScope had a net margin of 16.61% and a negative return on equity of 6.29%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue was up 31.7% on a year-over-year basis. On average, equities analysts forecast that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current fiscal year.

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.