Bridgeway Capital Management LLC Sells 450,000 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Bridgeway Capital Management LLC cut its stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 91.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in CommScope during the 4th quarter worth $27,000. Sterling Capital Management LLC lifted its stake in CommScope by 826.0% during the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock valued at $35,000 after purchasing an additional 6,030 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in CommScope by 67.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock valued at $52,000 after purchasing an additional 4,026 shares during the last quarter. Sciencast Management LP purchased a new stake in shares of CommScope in the 4th quarter valued at approximately $56,000. Finally, Ballentine Partners LLC acquired a new position in CommScope in the 4th quarter valued at approximately $58,000. Institutional investors and hedge funds own 88.04% of the company's stock.

CommScope Stock Up 3.0%

Shares of COMM stock traded up $0.17 during trading on Friday, reaching $5.88. The company's stock had a trading volume of 4,370,846 shares, compared to its average volume of 5,025,908. The business has a fifty day moving average price of $4.55 and a 200-day moving average price of $5.03. CommScope Holding Company, Inc. has a one year low of $1.05 and a one year high of $7.19. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -1.33, a price-to-earnings-growth ratio of 0.41 and a beta of 2.06.

CommScope (NASDAQ:COMM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm earned ($0.08) earnings per share. The company's revenue was up 23.5% on a year-over-year basis. Research analysts anticipate that CommScope Holding Company, Inc. will post -0.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COMM shares. StockNews.com lowered shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, CommScope currently has an average rating of "Hold" and a consensus price target of $4.75.

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.