Aristeia Capital L.L.C. Has $203,000 Stake in CommScope Holding Company, Inc. (NASDAQ:COMM)

Aristeia Capital L.L.C. cut its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 65.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,015 shares of the communications equipment provider's stock after selling 74,257 shares during the period. Aristeia Capital L.L.C.'s holdings in CommScope were worth $203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC increased its holdings in CommScope by 85.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 25,107 shares of the communications equipment provider's stock worth $131,000 after buying an additional 11,577 shares during the period. Paloma Partners Management Co raised its position in CommScope by 269.8% in the fourth quarter. Paloma Partners Management Co now owns 129,413 shares of the communications equipment provider's stock valued at $674,000 after purchasing an additional 94,413 shares during the period. Northern Trust Corp increased its holdings in CommScope by 13.7% in the 4th 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. Quarry LP grew its holdings in shares of CommScope by 577.8% in the fourth quarter. Quarry LP now owns 55,000 shares of the communications equipment provider's stock valued at $287,000 after purchasing an additional 46,886 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its stake in shares of CommScope by 589.2% during the fourth quarter. Boothbay Fund Management LLC now owns 81,000 shares of the communications equipment provider's stock worth $422,000 after buying an additional 69,247 shares during the period. 88.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on COMM shares. JPMorgan Chase & Co. raised 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. StockNews.com raised CommScope from a "buy" rating to a "strong-buy" rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 price target on shares of CommScope in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $4.75.

CommScope Price Performance

Shares of NASDAQ:COMM traded up $0.08 during midday trading on Wednesday, reaching $4.91. The company had a trading volume of 3,898,807 shares, compared to its average volume of 4,952,464. The stock has a market capitalization of $1.06 billion, a P/E ratio of -1.11, a PEG ratio of 0.41 and a beta of 2.06. CommScope Holding Company, Inc. has a one year low of $0.94 and a one year high of $7.19. The stock's fifty day moving average price is $4.58 and its 200-day moving average price is $5.10.

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, beating analysts' consensus estimates of $0.07 by $0.07. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the business posted ($0.08) earnings per share. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. As a group, sell-side analysts forecast that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current year.

CommScope Profile

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.