Nkcfo LLC Invests $331,000 in CommScope Holding Company, Inc. $COMM

Nkcfo LLC purchased a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the communications equipment provider’s stock, valued at approximately $331,000.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in CommScope in the 2nd quarter valued at about $2,066,000. Walleye Capital LLC grew its holdings in shares of CommScope by 131.2% in the second quarter. Walleye Capital LLC now owns 557,575 shares of the communications equipment provider’s stock valued at $4,617,000 after acquiring an additional 316,361 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of CommScope during the second quarter valued at approximately $6,660,000. Arrowstreet Capital Limited Partnership lifted its holdings in CommScope by 52.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 316,959 shares of the communications equipment provider’s stock worth $2,624,000 after acquiring an additional 109,557 shares during the period. Finally, Quantbot Technologies LP bought a new stake in CommScope during the second quarter worth $141,000. 88.04% of the stock is owned by institutional investors.

CommScope Stock Up 1.8%

COMM opened at $19.17 on Friday. The firm has a 50-day moving average price of $16.72 and a 200-day moving average price of $12.84. CommScope Holding Company, Inc. has a twelve month low of $2.94 and a twelve month high of $20.10. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 0.90 and a beta of 2.38.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on COMM. Zacks Research upgraded CommScope from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Wall Street Zen upgraded shares of CommScope from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Bank of America increased their target price on shares of CommScope from $20.00 to $23.50 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of CommScope in a research note on Wednesday, October 8th. Finally, Northland Securities set a $25.00 price target on shares of CommScope in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, CommScope presently has an average rating of “Moderate Buy” and an average price target of $16.17.

About CommScope

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.