Quantbot Technologies LP increased its holdings in Commscope Holding Company Inc (NASDAQ:COMM) by 228.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,366 shares of the communications equipment provider’s stock after acquiring an additional 17,653 shares during the quarter. Quantbot Technologies LP’s holdings in Commscope were worth $780,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Commscope by 31.8% in the 1st quarter. Principal Financial Group Inc. now owns 29,987 shares of the communications equipment provider’s stock worth $1,199,000 after buying an additional 7,235 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Commscope by 12.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 16,944 shares of the communications equipment provider’s stock worth $495,000 after buying an additional 1,924 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Commscope by 4.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 604,781 shares of the communications equipment provider’s stock worth $17,663,000 after buying an additional 26,696 shares in the last quarter. First Manhattan Co. grew its stake in Commscope by 1,591.7% in the 2nd quarter. First Manhattan Co. now owns 17,424 shares of the communications equipment provider’s stock worth $508,000 after buying an additional 16,394 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Commscope by 770.0% in the 2nd quarter. First Trust Advisors LP now owns 255,986 shares of the communications equipment provider’s stock worth $7,476,000 after buying an additional 226,564 shares in the last quarter.

In other news, SVP Robert W. Granow purchased 4,000 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of $19.60 per share, for a total transaction of $78,400.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Alexander W. Pease purchased 40,000 shares of the stock in a transaction that occurred on Thursday, November 15th. The shares were purchased at an average price of $18.70 per share, with a total value of $748,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 76,500 shares of company stock valued at $1,442,400. Company insiders own 3.33% of the company’s stock.

Shares of COMM opened at $17.68 on Thursday. The company has a market capitalization of $3.40 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 2.83 and a beta of 1.16. The company has a debt-to-equity ratio of 2.27, a current ratio of 2.44 and a quick ratio of 1.80. Commscope Holding Company Inc has a fifty-two week low of $17.27 and a fifty-two week high of $41.60.

Commscope (NASDAQ:COMM) last announced its quarterly earnings data on Thursday, November 8th. The communications equipment provider reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.07). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.22 billion. Commscope had a return on equity of 23.68% and a net margin of 4.69%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Equities research analysts expect that Commscope Holding Company Inc will post 1.96 earnings per share for the current year.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Commscope from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. BidaskClub cut shares of Commscope from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. ValuEngine raised shares of Commscope from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Cross Research raised shares of Commscope from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Finally, Nomura cut shares of Commscope from a “buy” rating to a “neutral” rating and cut their price target for the stock from $35.00 to $31.00 in a research note on Friday, October 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.02.

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Commscope Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

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Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

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