CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System grew its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 1,219.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,759 shares of the communications equipment provider's stock after buying an additional 186,464 shares during the period. California State Teachers Retirement System owned 0.09% of CommScope worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in CommScope in the 4th quarter valued at about $27,000. Sterling Capital Management LLC increased its position in CommScope by 826.0% in the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock valued at $35,000 after acquiring an additional 6,030 shares during the period. Tower Research Capital LLC TRC increased its position in CommScope by 67.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock worth $52,000 after purchasing an additional 4,026 shares during the period. Sciencast Management LP acquired a new position in CommScope during the 4th quarter worth approximately $56,000. Finally, Jones Financial Companies Lllp acquired a new position in CommScope during the 4th quarter worth approximately $60,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

CommScope Stock Performance

COMM stock traded down $0.52 on Friday, reaching $5.81. The company had a trading volume of 4,359,210 shares, compared to its average volume of 5,199,566. CommScope Holding Company, Inc. has a 1 year low of $1.05 and a 1 year high of $7.19. The company's fifty day moving average is $4.86 and its 200 day moving average is $5.14. The company has a market cap of $1.26 billion, a P/E ratio of -1.31, a PEG ratio of 0.41 and a beta of 2.29.

CommScope (NASDAQ:COMM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.07. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) EPS. On average, sell-side analysts predict that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on COMM shares. Wall Street Zen cut CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $7.00 price target 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. Based on data from MarketBeat.com, CommScope has an average rating of "Hold" and a consensus target price of $4.75.

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.