CommScope Holding Company, Inc. (NASDAQ:COMM) Short Interest Update

CommScope Holding Company, Inc. (NASDAQ:COMMGet Free Report) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 9,430,000 shares, a decline of 9.8% from the February 29th total of 10,450,000 shares. Based on an average trading volume of 3,000,000 shares, the days-to-cover ratio is presently 3.1 days.

CommScope Stock Performance

Shares of COMM stock traded down $0.09 on Tuesday, hitting $1.23. 1,455,079 shares of the stock traded hands, compared to its average volume of 3,002,534. The firm’s 50-day moving average price is $1.78 and its two-hundred day moving average price is $2.16. The stock has a market capitalization of $261.06 million, a PE ratio of -0.17 and a beta of 1.98. CommScope has a twelve month low of $0.89 and a twelve month high of $6.65.

CommScope (NASDAQ:COMMGet Free Report) last posted its earnings results on Thursday, February 29th. The communications equipment provider reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). CommScope had a negative net margin of 21.64% and a negative return on equity of 7.18%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.53 billion. On average, equities research analysts anticipate that CommScope will post -0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

COMM has been the subject of a number of research reports. Bank of America dropped their target price on shares of CommScope from $2.00 to $1.00 and set an “underperform” rating for the company in a report on Wednesday, March 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of CommScope in a report on Monday, March 4th. StockNews.com cut shares of CommScope from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Northland Securities reissued a “market perform” rating on shares of CommScope in a research report on Friday, March 1st. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.27.

Get Our Latest Report on COMM

Insider Buying and Selling

In other CommScope news, Director L William Krause bought 57,300 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average price of $1.59 per share, with a total value of $91,107.00. Following the completion of the acquisition, the director now directly owns 227,873 shares of the company’s stock, valued at $362,318.07. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Symphony Financial Ltd. Co. purchased a new position in shares of CommScope in the fourth quarter valued at approximately $28,000. Captrust Financial Advisors boosted its stake in shares of CommScope by 124.4% in the second quarter. Captrust Financial Advisors now owns 6,356 shares of the communications equipment provider’s stock valued at $39,000 after purchasing an additional 3,524 shares during the period. Blair William & Co. IL purchased a new position in shares of CommScope in the third quarter valued at approximately $40,000. Envestnet Asset Management Inc. purchased a new position in shares of CommScope in the third quarter valued at approximately $43,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of CommScope by 49.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,514 shares of the communications equipment provider’s stock valued at $47,000 after purchasing an additional 5,452 shares during the period. Institutional investors and hedge funds own 88.04% of the company’s stock.

About CommScope

(Get Free Report)

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.

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