American Century Companies Inc. Makes New $91,000 Investment in CommScope Holding Company, Inc. $COMM

American Century Companies Inc. acquired a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,115 shares of the communications equipment provider's stock, valued at approximately $91,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of CommScope in the fourth quarter worth about $138,000. Tower Research Capital LLC TRC grew its holdings 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 worth $52,000 after acquiring an additional 4,026 shares during the period. Northern Trust Corp grew its holdings in CommScope by 13.7% in the fourth quarter. Northern Trust Corp now owns 2,087,160 shares of the communications equipment provider's stock valued at $10,874,000 after purchasing an additional 250,761 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of CommScope by 85.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 25,107 shares of the communications equipment provider's stock worth $131,000 after acquiring an additional 11,577 shares during the last quarter. Finally, Algert Global LLC boosted its stake in shares of CommScope by 170.8% in the fourth quarter. Algert Global LLC now owns 146,745 shares of the communications equipment provider's stock worth $765,000 after acquiring an additional 92,565 shares during the last quarter. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on COMM. Wolfe Research initiated coverage on CommScope in a research report on Monday, July 7th. They set a "peer perform" rating on the stock. Northland Capmk raised CommScope from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 4th. Bank of America raised CommScope from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $4.00 to $20.00 in a research report on Thursday, August 7th. Raymond James Financial raised CommScope from an "underperform" rating to an "outperform" rating and set a $19.00 target price for the company in a research report on Tuesday, August 5th. Finally, Morgan Stanley raised CommScope from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $4.00 to $17.00 in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, CommScope currently has an average rating of "Moderate Buy" and an average price target of $14.75.

CommScope Stock Down 2.0%

COMM stock traded down $0.33 during midday trading on Friday, reaching $16.25. The company had a trading volume of 896,511 shares, compared to its average volume of 6,058,607. The stock has a 50 day moving average price of $12.42 and a 200 day moving average price of $7.80. CommScope Holding Company, Inc. has a fifty-two week low of $2.94 and a fifty-two week high of $16.83. The firm has a market capitalization of $3.60 billion, a PE ratio of 6.06, a P/E/G ratio of 0.56 and a beta of 2.47.

CommScope (NASDAQ:COMM - Get Free Report) last issued its earnings results on Monday, August 4th. The communications equipment provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.20. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.27 billion. CommScope had a negative return on equity of 6.29% and a net margin of 16.61%.CommScope's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. Research analysts predict that CommScope Holding Company, Inc. will post -0.24 EPS 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.