CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC cut its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 91.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the communications equipment provider's stock after selling 450,000 shares during the period. Bridgeway Capital Management LLC's holdings in CommScope were worth $208,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of COMM. Tower Research Capital LLC TRC grew its stake in CommScope by 67.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock worth $52,000 after purchasing an additional 4,026 shares in the last quarter. Bayesian Capital Management LP lifted its holdings in CommScope by 25.6% in the fourth quarter. Bayesian Capital Management LP now owns 22,100 shares of the communications equipment provider's stock worth $115,000 after acquiring an additional 4,500 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in CommScope in the fourth quarter worth about $27,000. Sterling Capital Management LLC lifted its holdings in CommScope by 826.0% in the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock worth $35,000 after acquiring an additional 6,030 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in CommScope by 15.4% in the fourth quarter. NewEdge Advisors LLC now owns 58,764 shares of the communications equipment provider's stock worth $306,000 after acquiring an additional 7,850 shares during the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price target on the stock in a report on Tuesday, January 14th. StockNews.com cut CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set 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 buy rating to the company. According to MarketBeat, CommScope presently has an average rating of "Hold" and an average target price of $4.75.

CommScope Price Performance

Shares of NASDAQ:COMM opened at $5.50 on Tuesday. CommScope Holding Company, Inc. has a 12 month low of $1.00 and a 12 month high of $7.19. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -1.24, a PEG ratio of 0.41 and a beta of 2.06. The stock's 50 day moving average price is $4.49 and its 200 day moving average price is $5.06.

CommScope (NASDAQ:COMM - Get Free Report) last announced its earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the company earned ($0.08) earnings per share. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. On average, sell-side analysts expect that CommScope Holding Company, Inc. will post -0.24 EPS for the current year.

CommScope Company 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.

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