California State Teachers Retirement System Has $1.05 Million Stake in CommScope Holding Company, Inc. (NASDAQ:COMM)

California State Teachers Retirement System raised its stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 1,219.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 201,759 shares of the communications equipment provider's stock after buying an additional 186,464 shares during the quarter. California State Teachers Retirement System owned about 0.09% of CommScope worth $1,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CommScope by 5.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,354 shares of the communications equipment provider's stock valued at $632,000 after acquiring an additional 5,909 shares in the last quarter. Swiss National Bank acquired a new stake in shares of CommScope in the 4th quarter valued at about $2,212,000. Arizona State Retirement System bought a new stake in shares of CommScope in the fourth quarter valued at about $326,000. Amundi bought a new stake in shares of CommScope in the fourth quarter valued at about $137,000. Finally, Legal & General Group Plc boosted its position in shares of CommScope by 986.1% during the fourth quarter. Legal & General Group Plc now owns 204,549 shares of the communications equipment provider's stock worth $1,066,000 after buying an additional 185,716 shares during the period. Institutional investors and hedge funds own 88.04% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on COMM shares. Wall Street Zen lowered CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.75.

CommScope Stock Performance

COMM traded up $0.04 on Tuesday, hitting $6.15. 4,104,925 shares of the company were exchanged, compared to its average volume of 5,162,313. The stock's fifty day moving average is $4.71 and its 200-day moving average is $5.12. CommScope Holding Company, Inc. has a 12 month low of $1.05 and a 12 month high of $7.19. The company has a market cap of $1.33 billion, a PE ratio of -1.39, a PEG ratio of 0.41 and a beta of 2.29.

CommScope (NASDAQ:COMM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, beating 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 company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm posted ($0.08) EPS. The firm's revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, equities research analysts expect that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

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.