Mariner Investment Group LLC bought a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,000 shares of the communications equipment provider's stock, valued at approximately $207,000.
A number of other hedge funds have also recently made changes to their positions in COMM. Banque Transatlantique SA acquired a new stake in CommScope during the 1st quarter valued at approximately $34,000. Caliber Wealth Management LLC KS acquired a new stake in CommScope in the 1st quarter valued at approximately $57,000. KBC Group NV purchased a new stake in CommScope during the 1st quarter worth approximately $65,000. GAMMA Investing LLC raised its holdings in CommScope by 717.7% in the first 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 in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of CommScope in the first quarter valued at about $86,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have commented on COMM. Northland Capmk upgraded CommScope from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Citigroup raised shares of CommScope to an "outperform" rating in a report on Monday, August 4th. Northland Securities set a $20.00 price objective on CommScope in a research note on Tuesday, August 5th. Wall Street Zen lowered CommScope from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on CommScope from $6.00 to $7.50 and gave the company a "hold" rating in a report on Tuesday, June 24th. One equities research 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.com, CommScope has a consensus rating of "Moderate Buy" and a consensus target price of $14.75.
View Our Latest Research Report on COMM
CommScope Stock Performance
NASDAQ COMM opened at $15.40 on Friday. The stock has a market capitalization of $3.41 billion, a P/E ratio of 5.79, a price-to-earnings-growth ratio of 0.54 and a beta of 2.47. The stock has a fifty day moving average of $14.27 and a 200-day moving average of $8.60. CommScope Holding Company, Inc. has a 52 week low of $2.94 and a 52 week high of $17.13.
CommScope (NASDAQ:COMM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.20. The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.27 billion. CommScope had a net margin of 16.61% and a negative return on equity of 6.29%. The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. Equities research analysts forecast that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current fiscal year.
About CommScope
(
Free Report)
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.
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Want to see what other hedge funds are holding COMM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report).
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