Aigen Investment Management LP Makes New Investment in CommScope Holding Company, Inc. $COMM

Key Points

• Aigen Investment Management LP has invested approximately $260,000 in CommScope Holding Company by acquiring 49,040 shares in the 1st quarter of the year.
• CommScope has received mixed ratings from analysts, with Citigroup upgrading it to "outperform" while Northland Capital upgraded it to "strong-buy", indicating a general positive sentiment in the market.
• The stock has seen significant movements, currently trading at $15.50 after reaching a one-year high of $15.85, reflecting its growth after reporting a quarterly revenue increase of 31.7% year-over-year.

Aigen Investment Management LP acquired a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 49,040 shares of the communications equipment provider's stock, valued at approximately $260,000.

Other hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI increased its holdings in CommScope by 1,783.8% during the 1st quarter. National Bank of Canada FI now owns 16,182 shares of the communications equipment provider's stock worth $86,000 after purchasing an additional 15,323 shares during the period. Deutsche Bank AG increased its holdings in CommScope by 8.2% during the 1st quarter. Deutsche Bank AG now owns 10,050,618 shares of the communications equipment provider's stock worth $53,369,000 after purchasing an additional 761,605 shares during the period. US Bancorp DE increased its holdings in CommScope by 27.0% during the 1st quarter. US Bancorp DE now owns 20,404 shares of the communications equipment provider's stock worth $108,000 after purchasing an additional 4,337 shares during the period. Bayforest Capital Ltd purchased a new stake in CommScope during the 1st quarter worth about $412,000. Finally, XTX Topco Ltd purchased a new position in shares of CommScope in the 1st quarter valued at about $456,000. Institutional investors and hedge funds own 88.04% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on COMM. Northland Securities set a $20.00 price objective on CommScope in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upped 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. Citigroup raised CommScope to an "outperform" rating in a report on Monday, August 4th. Raymond James Financial raised CommScope from an "underperform" rating to an "outperform" rating and set a $19.00 price target for the company in a report on Tuesday, August 5th. Finally, Wolfe Research began coverage on CommScope in a report on Monday, July 7th. They issued a "peer perform" rating for the company. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CommScope currently has an average rating of "Moderate Buy" and an average price target of $14.75.

CommScope Stock Up 1.6%

Shares of CommScope stock traded up $0.24 during trading on Monday, reaching $15.74. The company's stock had a trading volume of 6,125,024 shares, compared to its average volume of 6,114,729. CommScope Holding Company, Inc. has a 12-month low of $2.94 and a 12-month high of $16.12. The company has a market capitalization of $3.49 billion, a P/E ratio of 5.93, a price-to-earnings-growth ratio of 0.55 and a beta of 2.38. The business has a 50 day moving average price of $8.97 and a 200-day moving average price of $6.39.

CommScope (NASDAQ:COMM - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The communications equipment provider reported $0.44 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the business posted $0.34 earnings per share. The business's revenue for the quarter was up 31.7% on a year-over-year basis. Research analysts predict 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.