Cavalier Investments LLC Makes New Investment in CommScope Holding Company, Inc. (NASDAQ:COMM)

Cavalier Investments LLC purchased a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 198,968 shares of the communications equipment provider's stock, valued at approximately $1,057,000. Cavalier Investments LLC owned about 0.09% of CommScope as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in CommScope during the 4th quarter worth approximately $27,000. Sterling Capital Management LLC raised its position in CommScope by 826.0% during the 4th 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 during the last quarter. Tower Research Capital LLC TRC grew its position in shares of CommScope by 67.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock valued at $52,000 after buying an additional 4,026 shares during the last quarter. Sciencast Management LP acquired a new stake in shares of CommScope in the fourth quarter valued at about $56,000. Finally, Jones Financial Companies Lllp bought a new position in shares of CommScope during the fourth quarter worth about $60,000. 88.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COMM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on CommScope from $6.00 to $7.50 and gave the company a "hold" rating in a report on Tuesday. Wall Street Zen downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $4.88.

CommScope Stock Up 5.7%

CommScope stock opened at $8.19 on Friday. The company has a market capitalization of $1.77 billion, a PE ratio of 3.00, a PEG ratio of 0.31 and a beta of 2.29. CommScope Holding Company, Inc. has a 12-month low of $1.05 and a 12-month high of $8.39. The firm's fifty day moving average is $5.46 and its 200 day moving average is $5.24.

CommScope (NASDAQ:COMM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.07. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. CommScope had a net margin of 16.89% and a negative return on equity of 4.51%. The business's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share. Sell-side analysts expect that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

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.

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