Deutsche Bank AG Buys 5,996,931 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Deutsche Bank AG increased its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 182.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,289,013 shares of the communications equipment provider's stock after acquiring an additional 5,996,931 shares during the quarter. Deutsche Bank AG owned about 4.30% of CommScope worth $48,396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Balyasny Asset Management L.P. lifted its position in CommScope by 2,124.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 922,803 shares of the communications equipment provider's stock valued at $4,808,000 after purchasing an additional 881,322 shares during the last quarter. Carronade Capital Management LP lifted its position in CommScope by 58.8% during the fourth quarter. Carronade Capital Management LP now owns 2,002,475 shares of the communications equipment provider's stock valued at $10,433,000 after purchasing an additional 741,375 shares during the last quarter. Vanguard Group Inc. lifted its position in CommScope by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider's stock valued at $118,542,000 after purchasing an additional 694,363 shares during the last quarter. Trexquant Investment LP lifted its position in CommScope by 381.5% during the fourth quarter. Trexquant Investment LP now owns 799,105 shares of the communications equipment provider's stock valued at $4,163,000 after purchasing an additional 633,146 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of CommScope by 151.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider's stock worth $5,500,000 after acquiring an additional 542,794 shares during the last quarter. Institutional investors own 88.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $7.00 price target on shares of CommScope in a report on Thursday, February 27th. StockNews.com downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.75.

CommScope Stock Up 3.0%

COMM traded up $0.17 on Friday, reaching $5.88. 4,370,846 shares of the company traded hands, compared to its average volume of 5,026,593. CommScope Holding Company, Inc. has a one year low of $1.05 and a one year high of $7.19. The firm has a fifty day simple moving average of $4.55 and a two-hundred day simple moving average of $5.05. The company has a market cap of $1.27 billion, a P/E 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 announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted ($0.08) EPS. The firm's revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities analysts forecast that CommScope Holding Company, Inc. will post -0.24 earnings per share 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.