CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 33.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,736 shares of the communications equipment provider's stock after selling 62,446 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of CommScope worth $655,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Algert Global LLC grew its position in shares of CommScope by 170.8% during 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. Schonfeld Strategic Advisors LLC grew its position in CommScope by 85.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 25,107 shares of the communications equipment provider's stock worth $131,000 after purchasing an additional 11,577 shares during the last quarter. Paloma Partners Management Co increased its stake in CommScope by 269.8% in the fourth quarter. Paloma Partners Management Co now owns 129,413 shares of the communications equipment provider's stock valued at $674,000 after purchasing an additional 94,413 shares during the period. Northern Trust Corp raised its holdings in shares of 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 buying an additional 250,761 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of CommScope by 577.8% during the fourth quarter. Quarry LP now owns 55,000 shares of the communications equipment provider's stock worth $287,000 after buying an additional 46,886 shares during the period. Institutional investors and hedge funds own 88.04% of the company's stock.

CommScope Trading Up 9.1%

NASDAQ:COMM traded up $0.52 on Tuesday, hitting $6.22. 9,118,950 shares of the stock were exchanged, compared to its average volume of 5,129,279. The stock has a market cap of $1.35 billion, a PE ratio of -1.41, a PEG ratio of 0.41 and a beta of 2.06. CommScope Holding Company, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $7.19. The stock has a fifty day moving average of $4.61 and a 200-day moving average of $5.01.

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

Analyst Upgrades and Downgrades

COMM has been the subject of several recent research reports. Wall Street Zen downgraded CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 price target on shares of CommScope in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.