Staley Capital Advisers Inc. boosted its holdings in Commscope Holding Company Inc (NASDAQ:COMM) by 52.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 79,530 shares of the communications equipment provider’s stock after acquiring an additional 27,395 shares during the quarter. Staley Capital Advisers Inc.’s holdings in Commscope were worth $1,728,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in COMM. Quantamental Technologies LLC acquired a new stake in shares of Commscope during the fourth quarter valued at about $76,000. Daiwa Securities Group Inc. raised its position in shares of Commscope by 11.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,595 shares of the communications equipment provider’s stock worth $124,000 after acquiring an additional 750 shares during the last quarter. Bank of Montreal Can raised its position in shares of Commscope by 24.9% during the first quarter. Bank of Montreal Can now owns 8,256 shares of the communications equipment provider’s stock worth $179,000 after acquiring an additional 1,644 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Commscope by 31.3% during the first quarter. PNC Financial Services Group Inc. now owns 8,511 shares of the communications equipment provider’s stock worth $185,000 after acquiring an additional 2,030 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Commscope by 7.0% during the fourth quarter. M&T Bank Corp now owns 11,771 shares of the communications equipment provider’s stock worth $193,000 after acquiring an additional 774 shares during the last quarter. 97.69% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. ValuEngine upgraded Commscope from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Raymond James upgraded Commscope from an “outperform” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, April 3rd. Credit Suisse Group upgraded Commscope from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $20.00 to $34.00 in a research report on Tuesday, April 2nd. BidaskClub upgraded Commscope from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Finally, JPMorgan Chase & Co. assumed coverage on Commscope in a research report on Monday, April 22nd. They set an “overweight” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.93.

COMM stock traded up $0.01 during mid-day trading on Monday, reaching $16.16. The company’s stock had a trading volume of 61,404 shares, compared to its average volume of 3,744,219. The company has a market cap of $3.13 billion, a P/E ratio of 7.64, a PEG ratio of 0.36 and a beta of 1.49. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.42 and a current ratio of 2.01. Commscope Holding Company Inc has a 12 month low of $15.09 and a 12 month high of $32.48.

Commscope (NASDAQ:COMM) last issued its earnings results on Thursday, May 9th. The communications equipment provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Commscope had a return on equity of 23.46% and a net margin of 2.29%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. On average, research analysts predict that Commscope Holding Company Inc will post 2.26 earnings per share for the current year.

In other Commscope news, Director Frank M. Drendel sold 80,800 shares of Commscope stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $18.35, for a total value of $1,482,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Peter U. Karlsson sold 6,517 shares of Commscope stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $22.63, for a total value of $147,479.71. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.

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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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