14,871 Shares in CommScope Holding Company, Inc. $COMM Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,871 shares of the communications equipment provider’s stock, valued at approximately $123,000.

A number of other large investors also recently bought and sold shares of COMM. Banque Transatlantique SA purchased a new stake in shares of CommScope during the 1st quarter valued at $34,000. Caliber Wealth Management LLC KS acquired a new position in CommScope in the first quarter valued at $57,000. KBC Group NV acquired a new position in CommScope in the first quarter valued at $65,000. GAMMA Investing LLC grew its position in CommScope by 717.7% during 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 during the period. Finally, WCM Investment Management LLC acquired a new stake in CommScope during the first quarter worth about $86,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

CommScope Stock Down 1.4%

Shares of NASDAQ:COMM opened at $15.28 on Monday. The company has a 50 day moving average of $15.79 and a two-hundred day moving average of $9.70. CommScope Holding Company, Inc. has a 52-week low of $2.94 and a 52-week high of $17.13. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 5.74, a price-to-earnings-growth ratio of 0.53 and a beta of 2.42.

CommScope (NASDAQ:COMM) last announced 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 during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities analysts anticipate that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley raised CommScope from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $4.00 to $17.00 in a research note on Tuesday, August 5th. Wolfe Research assumed coverage on shares of CommScope in a research report on Monday, July 7th. They set a “peer perform” rating on the stock. Zacks Research lowered shares of CommScope from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Citigroup upgraded shares of CommScope to an “outperform” rating in a report on Monday, August 4th. Finally, Bank of America raised shares of CommScope from an “underperform” rating to a “buy” rating and upped their price target for the stock from $4.00 to $20.00 in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.75.

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.