DekaBank Deutsche Girozentrale grew its stake in shares of Commscope Holding Company Inc (NASDAQ:COMM) by 24.2% in the third quarter, Holdings Channel reports. The fund owned 25,505 shares of the communications equipment provider’s stock after buying an additional 4,975 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Commscope were worth $834,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in COMM. JPMorgan Chase & Co. lifted its holdings in shares of Commscope by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 10,641,277 shares of the communications equipment provider’s stock valued at $327,324,000 after purchasing an additional 303,348 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Commscope by 2.8% in the third quarter. BlackRock Inc. now owns 10,593,048 shares of the communications equipment provider’s stock valued at $325,842,000 after purchasing an additional 290,848 shares in the last quarter. Blue Harbour Group L.P. lifted its holdings in shares of Commscope by 23.3% in the second quarter. Blue Harbour Group L.P. now owns 9,538,090 shares of the communications equipment provider’s stock valued at $278,560,000 after purchasing an additional 1,800,000 shares in the last quarter. FMR LLC lifted its holdings in shares of Commscope by 14.2% in the second quarter. FMR LLC now owns 9,423,293 shares of the communications equipment provider’s stock valued at $275,208,000 after purchasing an additional 1,168,575 shares in the last quarter. Finally, Makaira Partners LLC lifted its holdings in shares of Commscope by 33.0% in the second quarter. Makaira Partners LLC now owns 1,821,309 shares of the communications equipment provider’s stock valued at $53,191,000 after purchasing an additional 451,611 shares in the last quarter.

Shares of NASDAQ:COMM opened at $16.93 on Friday. The company has a quick ratio of 1.80, a current ratio of 2.44 and a debt-to-equity ratio of 2.27. Commscope Holding Company Inc has a 1 year low of $16.82 and a 1 year high of $41.60. The firm has a market cap of $3.40 billion, a P/E ratio of 8.38, a PEG ratio of 2.83 and a beta of 1.16.

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

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Commscope from a “hold” rating to a “strong sell” rating in a report on Thursday, November 15th. BidaskClub upgraded Commscope from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 26th. Jefferies Financial Group upgraded Commscope from a “hold” rating to a “buy” rating and set a $18.20 target price for the company in a report on Sunday, December 2nd. ValuEngine lowered Commscope from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, Longbow Research lowered Commscope from a “buy” rating to a “neutral” rating in a report on Friday, November 9th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.02.

In other news, SVP Robert W. Granow acquired 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was acquired at an average cost of $19.60 per share, for a total transaction of $78,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Alexander W. Pease acquired 40,000 shares of the business’s 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 quarter, insiders have purchased 76,500 shares of company stock valued at $1,442,400. 3.33% of the stock is owned by corporate insiders.

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Commscope Company 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.

See Also: Systematic Risk

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Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

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