25,000 Shares in CommScope Holding Company, Inc. $COMM Purchased by Mariner Investment Group LLC

Mariner Investment Group LLC bought a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the communications equipment provider’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently made changes to their positions in COMM. Banque Transatlantique SA acquired a new stake in CommScope during the 1st quarter valued at approximately $34,000. Caliber Wealth Management LLC KS acquired a new stake in CommScope in the 1st quarter valued at approximately $57,000. KBC Group NV purchased a new stake in CommScope during the 1st quarter worth approximately $65,000. GAMMA Investing LLC raised its holdings in CommScope by 717.7% in the first quarter. GAMMA Investing LLC now owns 16,026 shares of the communications equipment provider’s stock valued at $85,000 after acquiring an additional 14,066 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of CommScope in the first quarter valued at about $86,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on COMM. Northland Capmk upgraded CommScope from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. Citigroup raised shares of CommScope to an “outperform” rating in a report on Monday, August 4th. Northland Securities set a $20.00 price objective on CommScope in a research note on Tuesday, August 5th. Wall Street Zen lowered CommScope from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on CommScope from $6.00 to $7.50 and gave the company a “hold” rating in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, CommScope has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

CommScope Stock Performance

NASDAQ COMM opened at $15.40 on Friday. The stock has a market capitalization of $3.41 billion, a P/E ratio of 5.79, a price-to-earnings-growth ratio of 0.54 and a beta of 2.47. The stock has a fifty day moving average of $14.27 and a 200-day moving average of $8.60. CommScope Holding Company, Inc. has a 52 week low of $2.94 and a 52 week high of $17.13.

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