CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. decreased its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 21.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,513,748 shares of the communications equipment provider's stock after selling 1,765,049 shares during the period. D. E. Shaw & Co. Inc. owned approximately 3.02% of CommScope worth $33,937,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in COMM. Franklin Resources Inc. purchased a new stake in CommScope during the third quarter valued at about $755,000. JPMorgan Chase & Co. grew its stake 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 buying an additional 542,794 shares during the last quarter. Diversified Trust Co grew its stake in shares of CommScope by 11.1% during the fourth quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider's stock valued at $252,000 after buying an additional 4,827 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of CommScope during the fourth quarter valued at about $58,000. Finally, SG Americas Securities LLC grew its stake in shares of CommScope by 130.6% during the fourth quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider's stock valued at $238,000 after buying an additional 25,855 shares during the last quarter. Hedge funds and other institutional investors own 88.04% of the company's stock.

CommScope Stock Up 1.9%

COMM stock traded up $0.11 during mid-day trading on Wednesday, hitting $5.79. The company had a trading volume of 5,984,163 shares, compared to its average volume of 5,010,687. The company has a 50-day moving average price of $4.49 and a 200 day moving average price of $5.06. The company 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 12-month low of $1.05 and a 12-month high of $7.19.

CommScope (NASDAQ:COMM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share 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 company's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) earnings per share. As a group, analysts expect that CommScope Holding Company, Inc. will post -0.24 EPS for the current year.

Wall Street Analyst Weigh In

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

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.