Korea Investment CORP lessened its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 39.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,900 shares of the communications equipment provider’s stock after selling 36,100 shares during the period. Korea Investment CORP’s holdings in CommScope Holding were worth $1,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COMM. Nomura Asset Management Co. Ltd. grew its holdings in CommScope Holding by 6.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,690 shares of the communications equipment provider’s stock worth $113,000 after acquiring an additional 160 shares in the last quarter. LS Investment Advisors LLC acquired a new position in CommScope Holding during the 2nd quarter worth approximately $114,000. Krilogy Financial LLC grew its holdings in CommScope Holding by 5.7% during the 2nd quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock worth $121,000 after acquiring an additional 170 shares in the last quarter. Financial Architects Inc grew its holdings in CommScope Holding by 9.8% during the 2nd quarter. Financial Architects Inc now owns 3,603 shares of the communications equipment provider’s stock worth $137,000 after acquiring an additional 322 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in CommScope Holding by 76.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,770 shares of the communications equipment provider’s stock worth $181,000 after acquiring an additional 2,064 shares in the last quarter.

Shares of CommScope Holding Company, Inc. (COMM) opened at $34.80 on Tuesday. The stock has a market capitalization of $6,392.44, a price-to-earnings ratio of 15.51, a P/E/G ratio of 2.54 and a beta of 1.16. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78.

CommScope Holding (NASDAQ:COMM) last issued its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. CommScope Holding had a net margin of 4.21% and a return on equity of 29.11%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The company’s revenue was down 12.8% compared to the same quarter last year. analysts forecast that CommScope Holding Company, Inc. will post 2.07 earnings per share for the current year.

CommScope Holding announced that its board has approved a stock repurchase plan on Thursday, August 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Several research analysts have commented on COMM shares. TheStreet upgraded shares of CommScope Holding from a “c+” rating to a “b” rating in a report on Tuesday, August 8th. Jefferies Group LLC reiterated a “buy” rating and set a $43.00 price target on shares of CommScope Holding in a report on Friday, July 14th. BidaskClub upgraded shares of CommScope Holding from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of CommScope Holding from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, October 19th. Finally, Citigroup Inc. boosted their price target on shares of CommScope Holding from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $40.30.

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CommScope Holding 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.

Institutional Ownership by Quarter for CommScope Holding (NASDAQ:COMM)

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