BNP Paribas Financial Markets Sells 62,446 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

BNP Paribas Financial Markets decreased its position in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 33.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,736 shares of the communications equipment provider's stock after selling 62,446 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of CommScope worth $655,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of COMM. Vanguard Group Inc. lifted its holdings in CommScope by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider's stock valued at $118,542,000 after acquiring an additional 694,363 shares during the period. Trexquant Investment LP raised its stake in shares of CommScope by 381.5% in the fourth quarter. Trexquant Investment LP now owns 799,105 shares of the communications equipment provider's stock worth $4,163,000 after buying an additional 633,146 shares during the period. Swiss National Bank bought a new position in shares of CommScope in the fourth quarter worth about $2,212,000. Renaissance Technologies LLC raised its stake in shares of CommScope by 10.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,421,300 shares of the communications equipment provider's stock worth $23,035,000 after buying an additional 421,000 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of CommScope in the fourth quarter worth about $1,471,000. Institutional investors own 88.04% of the company's stock.

CommScope Trading Down 2.2%

COMM traded down $0.14 on Wednesday, hitting $6.08. 2,969,254 shares of the company's stock traded hands, compared to its average volume of 5,121,249. The company's 50 day simple moving average is $4.63 and its 200-day simple moving average is $5.02. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -1.39, a P/E/G ratio of 0.41 and a beta of 2.06. CommScope Holding Company, Inc. has a one year low of $1.05 and a one year high of $7.19.

CommScope (NASDAQ:COMM - Get Free Report) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.07. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The firm's quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) EPS. As a group, equities analysts anticipate that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on COMM shares. Wall Street Zen downgraded CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, CommScope has an average rating of "Hold" and an average target price of $4.75.

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.