CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 74.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,558 shares of the communications equipment provider's stock after selling 577,132 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.09% of CommScope worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COMM. Aster Capital Management DIFC Ltd bought a new stake in shares of CommScope in the 4th quarter worth about $27,000. Sterling Capital Management LLC raised its stake 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 buying an additional 6,030 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of CommScope by 67.6% during the 4th 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 during the last quarter. Sciencast Management LP purchased a new stake in shares of CommScope during the fourth quarter valued at about $56,000. Finally, Ballentine Partners LLC acquired a new stake in CommScope in the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 88.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. StockNews.com lowered shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.75.

CommScope Stock Up 0.1%

COMM traded up $0.01 on Thursday, reaching $5.80. The company's stock had a trading volume of 2,093,633 shares, compared to its average volume of 4,999,885. The company has a market capitalization of $1.26 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 fifty-two week low of $1.05 and a fifty-two week high of $7.19. The stock has a 50 day moving average of $4.50 and a two-hundred day moving average of $5.07.

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, beating analysts' consensus estimates of $0.07 by $0.07. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The business's revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) earnings per share. As a group, analysts anticipate 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.