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

Deutsche Bank AG grew its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 182.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,289,013 shares of the communications equipment provider's stock after buying an additional 5,996,931 shares during the quarter. Deutsche Bank AG owned approximately 4.30% of CommScope worth $48,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted 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 purchasing an additional 542,794 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of CommScope by 130.6% during the 4th quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider's stock valued at $238,000 after acquiring an additional 25,855 shares during the last quarter. Swiss National Bank purchased a new position in shares of CommScope during the 4th quarter valued at about $2,212,000. Franklin Resources Inc. purchased a new position in shares of CommScope during the third quarter valued at approximately $755,000. Finally, Arizona State Retirement System bought a new stake in shares of CommScope during the fourth quarter valued at approximately $326,000. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on COMM shares. StockNews.com downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $7.00 target price on shares of CommScope in a research report on Thursday, February 27th. Two research 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 data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $4.75.

CommScope Trading Up 0.6%

Shares of NASDAQ:COMM traded up $0.04 during midday trading on Monday, hitting $5.92. The company had a trading volume of 995,247 shares, compared to its average volume of 5,010,487. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -1.34, a PEG ratio of 0.41 and a beta of 2.06. The firm has a fifty day simple moving average of $4.55 and a 200 day simple moving average of $5.03. 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 released 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 return on equity of 1.01% and a negative net margin of 18.10%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business posted ($0.08) EPS. CommScope's revenue for the quarter was up 23.5% on a year-over-year basis. Equities analysts forecast that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

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.