American Century Companies Inc. Purchases New Holdings in CommScope Holding Company, Inc. $COMM

American Century Companies Inc. bought a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,115 shares of the communications equipment provider's stock, valued at approximately $91,000.

A number of other hedge funds have also modified their holdings of COMM. Tower Research Capital LLC TRC grew its position in shares of 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 last quarter. Caliber Wealth Management LLC KS purchased a new position in shares of CommScope during the first quarter worth approximately $57,000. KBC Group NV purchased a new stake in CommScope during the 1st quarter valued at approximately $65,000. GAMMA Investing LLC raised its stake in CommScope by 717.7% during the 1st quarter. GAMMA Investing LLC now owns 16,026 shares of the communications equipment provider's stock valued at $85,000 after acquiring an additional 14,066 shares during the last quarter. Finally, WCM Investment Management LLC purchased a new stake in CommScope during the 1st quarter valued at approximately $86,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

CommScope Stock Down 1.6%

CommScope stock traded down $0.27 during mid-day trading on Friday, hitting $16.31. 4,297,799 shares of the company's stock traded hands, compared to its average volume of 5,818,321. CommScope Holding Company, Inc. has a one year low of $2.94 and a one year high of $16.83. The firm has a 50 day moving average price of $12.57 and a 200 day moving average price of $7.88. The company has a market cap of $3.61 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.57 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.20. CommScope had a negative return on equity of 6.29% and a net margin of 16.61%.The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the previous year, the firm posted $0.34 EPS. The company's quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts expect that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on COMM shares. Bank of America raised CommScope from an "underperform" rating to a "buy" rating and raised their target price for the company from $4.00 to $20.00 in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of CommScope from $6.00 to $7.50 and gave the company a "hold" rating in a research note on Tuesday, June 24th. Wall Street Zen downgraded CommScope from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Northland Securities set a $20.00 price objective on CommScope in a research report on Tuesday, August 5th. Finally, Northland Capmk upgraded CommScope from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $14.75.

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.