BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Commscope Holding Company Inc (NASDAQ:COMM) by 237.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,173 shares of the communications equipment provider’s stock after purchasing an additional 189,451 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.14% of Commscope worth $8,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COMM. Krilogy Financial LLC lifted its stake in shares of Commscope by 5.7% during the second quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 170 shares during the period. Scotia Capital Inc. lifted its stake in shares of Commscope by 1.8% during the second quarter. Scotia Capital Inc. now owns 35,408 shares of the communications equipment provider’s stock worth $1,346,000 after buying an additional 609 shares during the period. Pitcairn Co. lifted its stake in shares of Commscope by 5.8% during the second quarter. Pitcairn Co. now owns 11,462 shares of the communications equipment provider’s stock worth $436,000 after buying an additional 626 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Commscope by 9.6% during the second quarter. Janney Montgomery Scott LLC now owns 10,494 shares of the communications equipment provider’s stock worth $399,000 after buying an additional 922 shares during the period. Finally, World Asset Management Inc lifted its stake in shares of Commscope by 13.3% during the second quarter. World Asset Management Inc now owns 8,275 shares of the communications equipment provider’s stock worth $315,000 after buying an additional 970 shares during the period.

Several equities research analysts have recently commented on COMM shares. Jefferies Group reiterated a “buy” rating and set a $40.00 price objective on shares of Commscope in a research note on Thursday, October 12th. Morgan Stanley upgraded shares of Commscope from an “equal weight” rating to an “overweight” rating and set a $38.00 price objective for the company in a research note on Thursday, August 17th. ValuEngine downgraded shares of Commscope from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Zacks Investment Research downgraded shares of Commscope from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Northland Securities restated a “hold” rating on shares of Commscope in a research report on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $40.30.

In other Commscope news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $36.45, for a total value of $1,822,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.33% of the company’s stock.

Commscope Holding Company Inc (NASDAQ COMM) opened at $37.91 on Monday. The stock has a market cap of $7,231.79, a price-to-earnings ratio of 17.55, a P/E/G ratio of 2.96 and a beta of 1.20. Commscope Holding Company Inc has a 1 year low of $30.95 and a 1 year high of $42.75. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93.

Commscope (NASDAQ:COMM) last posted its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The firm’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 earnings per share. equities analysts anticipate that Commscope Holding Company Inc will post 2.01 EPS for the current fiscal year.

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Commscope 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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