Baader Bank Aktiengesellschaft Invests $764,000 in CommScope Holding Company, Inc. $COMM

Baader Bank Aktiengesellschaft purchased a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 49,418 shares of the communications equipment provider’s stock, valued at approximately $764,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in shares of CommScope by 244.8% in the first quarter. Goldman Sachs Group Inc. now owns 9,498,510 shares of the communications equipment provider’s stock valued at $50,437,000 after acquiring an additional 6,743,929 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of CommScope by 187.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,536,131 shares of the communications equipment provider’s stock valued at $70,219,000 after buying an additional 2,957,053 shares during the period. Hennessy Advisors Inc. bought a new position in shares of CommScope during the third quarter valued at approximately $40,417,000. Allspring Global Investments Holdings LLC raised its holdings in shares of CommScope by 3,577.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,204,849 shares of the communications equipment provider’s stock worth $35,256,000 after buying an additional 2,144,901 shares during the period. Finally, Penserra Capital Management LLC bought a new stake in shares of CommScope during the 2nd quarter worth approximately $13,842,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Zacks Research downgraded CommScope from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Bank of America boosted their price objective on shares of CommScope from $20.00 to $23.50 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, Northland Securities set a $25.00 target price on shares of CommScope in a research report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CommScope currently has an average rating of “Hold” and an average target price of $18.40.

CommScope Price Performance

Shares of COMM stock opened at $19.41 on Thursday. The stock’s 50-day moving average is $18.97 and its 200 day moving average is $16.92. CommScope Holding Company, Inc. has a 1-year low of $2.94 and a 1-year high of $20.55. The company has a market cap of $4.30 billion, a P/E ratio of 5.92, a PEG ratio of 0.85 and a beta of 2.39.

About CommScope

CommScope Holdings, Inc is a global provider of network infrastructure solutions that enable the seamless transmission of voice, video and data across wired and wireless networks. The company designs, manufactures and delivers a broad portfolio of cable, connectivity and networking products, including fiber-optic and coaxial cables, modular connectivity systems, antennas, small cells and distributed antenna systems (DAS). CommScope’s offerings support the growing demands of telecommunications service providers, cable operators, enterprise customers and data center operators that require scalable, high-performance solutions.

Serving customers in more than 150 countries, CommScope’s product lines span the full network lifecycle from planning and design through installation and maintenance.