39,927 Shares in CommScope Holding Company, Inc. $COMM Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 39,927 shares of the communications equipment provider’s stock, valued at approximately $618,000.

Several other hedge funds have also recently modified their holdings of COMM. Independent Advisor Alliance bought a new position in shares of CommScope during the third quarter worth $228,000. Winnow Wealth LLC purchased a new stake in CommScope in the 3rd quarter worth $65,000. AlphaQuest LLC bought a new position in shares of CommScope during the 3rd quarter valued at about $36,000. Arizona State Retirement System grew its position in shares of CommScope by 1.5% during the third quarter. Arizona State Retirement System now owns 60,871 shares of the communications equipment provider’s stock valued at $942,000 after purchasing an additional 877 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of CommScope during the third quarter valued at about $51,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on COMM shares. Bank of America increased their price target on CommScope from $20.00 to $23.50 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Northland Securities set a $25.00 price objective on CommScope in a report on Friday, October 31st. Finally, Zacks Research downgraded CommScope from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Four 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, the company presently has an average rating of “Hold” and a consensus price target of $18.40.

CommScope Price Performance

Shares of COMM stock opened at $19.41 on Tuesday. The company has a market cap of $4.30 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.85 and a beta of 2.39. CommScope Holding Company, Inc. has a 1 year low of $2.94 and a 1 year high of $20.55. The stock’s 50 day simple moving average is $18.98 and its two-hundred day simple moving average is $17.22.

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.