CommScope Holding Company, Inc. $COMM Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in CommScope Holding Company, Inc. (NASDAQ:COMM) by 1.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 418,300 shares of the communications equipment provider’s stock after selling 6,300 shares during the period. Swiss National Bank owned 0.19% of CommScope worth $2,221,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC grew its stake in CommScope by 826.0% during the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock worth $35,000 after buying an additional 6,030 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of CommScope by 67.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock valued at $52,000 after acquiring an additional 4,026 shares during the period. Caliber Wealth Management LLC KS acquired a new position in shares of CommScope during the first quarter valued at $57,000. KBC Group NV bought a new position in shares of CommScope during the first quarter worth about $65,000. Finally, GAMMA Investing LLC increased its holdings in shares of CommScope by 717.7% in the 1st quarter. GAMMA Investing LLC now owns 16,026 shares of the communications equipment provider’s stock worth $85,000 after acquiring an additional 14,066 shares during the period. 88.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley raised shares of CommScope from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $4.00 to $17.00 in a research note on Tuesday, August 5th. Northland Securities set a $20.00 price target on CommScope in a report on Tuesday, August 5th. Bank of America upgraded CommScope from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $4.00 to $20.00 in a research report on Thursday, August 7th. Raymond James Financial raised CommScope from an “underperform” rating to an “outperform” rating and set a $19.00 price objective for the company in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on CommScope from $6.00 to $7.50 and gave the company a “hold” rating in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.75.

CommScope Trading Up 1.4%

Shares of NASDAQ:COMM opened at $15.61 on Friday. The company has a 50 day moving average of $9.92 and a 200-day moving average of $6.73. The firm has a market cap of $3.46 billion, a P/E ratio of 5.87, a P/E/G ratio of 0.55 and a beta of 2.38. CommScope Holding Company, Inc. has a twelve month low of $2.94 and a twelve month high of $16.12.

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