AMP Capital Investors Ltd lowered its holdings in Commscope Holding Company Inc (NASDAQ:COMM) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,136 shares of the communications equipment provider’s stock after selling 2,900 shares during the period. AMP Capital Investors Ltd’s holdings in Commscope were worth $2,616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in COMM. American International Group Inc. purchased a new position in shares of Commscope in the fourth quarter worth approximately $161,000. Koch Industries Inc. purchased a new position in shares of Commscope in the fourth quarter worth approximately $201,000. Taurus Asset Management LLC purchased a new position in shares of Commscope in the third quarter worth approximately $222,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Commscope in the fourth quarter worth approximately $224,000. Finally, Toronto Dominion Bank increased its position in shares of Commscope by 240.6% in the third quarter. Toronto Dominion Bank now owns 8,146 shares of the communications equipment provider’s stock worth $270,000 after acquiring an additional 5,754 shares in the last quarter.

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Shares of Commscope Holding Company Inc (COMM) opened at $39.66 on Friday. The company has a current ratio of 2.69, a quick ratio of 2.07 and a debt-to-equity ratio of 2.65. The company has a market cap of $7,698.08, a P/E ratio of 40.47, a P/E/G ratio of 2.16 and a beta of 1.09. Commscope Holding Company Inc has a fifty-two week low of $30.95 and a fifty-two week high of $42.75.

Commscope (NASDAQ:COMM) last posted its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Commscope had a net margin of 4.25% and a return on equity of 26.02%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. analysts anticipate that Commscope Holding Company Inc will post 2.45 EPS for the current year.

COMM has been the topic of several analyst reports. Zacks Investment Research raised shares of Commscope from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, February 20th. Longbow Research upgraded shares of Commscope from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. ValuEngine upgraded shares of Commscope from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub cut shares of Commscope from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Citigroup raised their price target on shares of Commscope to $45.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $42.78.

In other Commscope news, SVP Philip Martin Armstrong, Jr. sold 10,000 shares of Commscope stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $39.02, for a total value of $390,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of Commscope stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $40.03, for a total transaction of $2,001,500.00. The disclosure for this sale can be found here. Insiders sold 153,575 shares of company stock valued at $6,008,282 over the last quarter. Corporate insiders own 3.33% of the company’s stock.

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Commscope Company Profile

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

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Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

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