CANADA LIFE ASSURANCE Co Invests $516,000 in CommScope Holding Company, Inc. (NASDAQ:COMM)

CANADA LIFE ASSURANCE Co acquired a new position in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 99,349 shares of the communications equipment provider's stock, valued at approximately $516,000.

A number of other hedge funds also recently bought and sold shares of the stock. Diversified Trust Co boosted its position in CommScope by 11.1% during the fourth quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider's stock valued at $252,000 after purchasing an additional 4,827 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of CommScope during the fourth quarter valued at about $27,000. Sterling Capital Management LLC boosted its holdings in shares of CommScope by 826.0% in the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock valued at $35,000 after buying an additional 6,030 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of CommScope by 15.4% in the 4th quarter. NewEdge Advisors LLC now owns 58,764 shares of the communications equipment provider's stock worth $306,000 after buying an additional 7,850 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of CommScope by 15.0% during the 4th quarter. Inspire Investing LLC now owns 77,276 shares of the communications equipment provider's stock worth $403,000 after acquiring an additional 10,089 shares in the last quarter. Hedge funds and other institutional investors own 88.04% of the company's stock.

Analyst Ratings Changes

COMM has been the subject of several recent analyst reports. Raymond James lowered shares of CommScope from a "market perform" rating to an "underperform" rating in a report on Monday, January 6th. StockNews.com raised CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. upgraded shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price objective on the stock in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $7.00 target price on shares of CommScope in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, CommScope currently has a consensus rating of "Hold" and an average target price of $4.75.

CommScope Stock Performance

NASDAQ COMM traded down $0.03 during trading hours on Monday, reaching $4.74. The stock had a trading volume of 481,181 shares, compared to its average volume of 4,942,202. CommScope Holding Company, Inc. has a 52-week low of $0.92 and a 52-week high of $7.19. The stock has a fifty day moving average of $4.64 and a 200 day moving average of $5.11. The stock has a market cap of $1.03 billion, a P/E ratio of -1.07, a price-to-earnings-growth ratio of 0.41 and a beta of 2.06.

CommScope (NASDAQ:COMM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.07 by $0.07. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned ($0.08) EPS. The business's revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities research analysts forecast that CommScope Holding Company, Inc. will post -0.24 EPS for the current year.

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.