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 4th 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 reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of CommScope during the 4th quarter valued at about $27,000. Sterling Capital Management LLC boosted its position in CommScope by 826.0% during the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock worth $35,000 after purchasing an additional 6,030 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in CommScope by 67.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock valued at $52,000 after purchasing an additional 4,026 shares during the period. Sciencast Management LP purchased a new stake in shares of CommScope in the fourth quarter valued at approximately $56,000. Finally, Ballentine Partners LLC acquired a new position in shares of CommScope during the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 88.04% of the company's stock.

CommScope Stock Performance

Shares of NASDAQ COMM traded up $0.14 during mid-day trading on Thursday, reaching $6.28. The company's stock had a trading volume of 4,119,129 shares, compared to its average volume of 5,151,358. The stock has a market capitalization of $1.36 billion, a P/E ratio of -1.42, a P/E/G ratio of 0.41 and a beta of 2.06. CommScope Holding Company, Inc. has a 1-year low of $1.05 and a 1-year high of $7.19. The stock has a 50-day moving average of $4.65 and a two-hundred day moving average of $5.04.

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 for the quarter, topping the consensus estimate of $0.07 by $0.07. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the firm posted ($0.08) EPS. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. Analysts predict that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on COMM shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 target price on shares of CommScope in a research report on Thursday, February 27th. Wall Street Zen cut CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.