Algert Global LLC Raises Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

Algert Global LLC grew its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 170.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 146,745 shares of the communications equipment provider's stock after purchasing an additional 92,565 shares during the period. Algert Global LLC owned about 0.07% of CommScope worth $765,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of COMM. Vanguard Group Inc. grew its holdings in CommScope by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider's stock worth $118,542,000 after buying an additional 694,363 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CommScope by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 5,126,442 shares of the communications equipment provider's stock worth $26,715,000 after acquiring an additional 14,576 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of CommScope by 10.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,421,300 shares of the communications equipment provider's stock worth $23,035,000 after acquiring an additional 421,000 shares in the last quarter. Northern Trust Corp raised its holdings in shares of CommScope by 13.7% in the fourth quarter. Northern Trust Corp now owns 2,087,160 shares of the communications equipment provider's stock valued at $10,874,000 after purchasing an additional 250,761 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of CommScope by 151.9% during the third quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider's stock valued at $5,500,000 after purchasing an additional 542,794 shares in the last quarter. 88.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COMM shares. JPMorgan Chase & Co. raised shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 target price on the stock in a research report on Tuesday, January 14th. StockNews.com cut CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $4.75.

CommScope Trading Up 1.9%

Shares of NASDAQ COMM traded up $0.11 during midday trading on Wednesday, hitting $5.79. The company's stock had a trading volume of 5,984,163 shares, compared to its average volume of 5,010,687. The stock has a fifty day moving average price of $4.49 and a 200 day moving average price of $5.06. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -1.31, a P/E/G ratio of 0.41 and a beta of 2.06. CommScope Holding Company, Inc. has a one year low of $1.05 and a one year high of $7.19.

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