Zacks Investment Management boosted its position in CommScope Holding Company, Inc. (NASDAQ:COMM) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,542 shares of the company’s stock after buying an additional 334 shares during the period. Zacks Investment Management’s holdings in CommScope Holding Company were worth $1,612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Societe Generale purchased a new position in CommScope Holding Company during the second quarter worth $100,000. Acrospire Investment Management LLC increased its position in CommScope Holding Company by 153.8% in the second quarter. Acrospire Investment Management LLC now owns 3,300 shares of the company’s stock worth $102,000 after buying an additional 2,000 shares during the period. Mercer Capital Advisers Inc. purchased a new position in CommScope Holding Company during the third quarter worth $119,000. Panagora Asset Management Inc. purchased a new position in CommScope Holding Company during the second quarter worth $126,000. Finally, US Bancorp DE increased its position in CommScope Holding Company by 90.1% in the second quarter. US Bancorp DE now owns 4,558 shares of the company’s stock worth $141,000 after buying an additional 2,160 shares during the period.

Institutional Ownership by Quarter for CommScope Holding Company (NASDAQ:COMM)

Shares of CommScope Holding Company, Inc. (NASDAQ:COMM) traded up 0.63% during mid-day trading on Friday, reaching $36.97. The company’s stock had a trading volume of 1,257,238 shares. The firm’s 50 day moving average is $36.59 and its 200 day moving average is $32.17. The firm has a market cap of $7.13 billion, a PE ratio of 76.07 and a beta of 1.29. CommScope Holding Company, Inc. has a one year low of $19.37 and a one year high of $38.00.

CommScope Holding Company (NASDAQ:COMM) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.10. CommScope Holding Company had a net margin of 1.91% and a return on equity of 35.24%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 33.0% on a year-over-year basis. On average, equities analysts anticipate that CommScope Holding Company, Inc. will post $2.60 earnings per share for the current fiscal year.

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A number of research firms have weighed in on COMM. Credit Suisse Group reiterated a “buy” rating and set a $36.00 target price on shares of CommScope Holding Company in a report on Friday, November 4th. Morgan Stanley began coverage on CommScope Holding Company in a report on Tuesday, September 20th. They set an “equal weight” rating and a $35.00 target price on the stock. Zacks Investment Research upgraded CommScope Holding Company from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, November 8th. Jefferies Group reiterated a “buy” rating and set a $38.00 target price on shares of CommScope Holding Company in a report on Thursday, September 15th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $35.00 target price on shares of CommScope Holding Company in a report on Monday, September 19th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $37.29.

In other CommScope Holding Company news, Director Frank M. Drendel sold 15,000 shares of CommScope Holding Company stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $31.74, for a total value of $476,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Randall W. Crenshaw sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $37.09, for a total transaction of $927,250.00. The disclosure for this sale can be found here. 4.09% of the stock is currently owned by company insiders.

CommScope Holding Company Company Profile

CommScope Holding Company, Inc is provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company operates through four segments: Wireless, Enterprise, Broadband and Broadband Network Solutions (BNS). Its Wireless segment provides merchant RF wireless network connectivity solutions and cell distributed antenna systems (DAS) solutions to enable carriers’ second generation (2G), third generation (3G) and fourth generation (4G) networks.

5 Day Chart for NASDAQ:COMM

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