Cavalier Investments LLC Invests $1.06 Million in CommScope Holding Company, Inc. (NASDAQ:COMM)

Cavalier Investments LLC bought a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 198,968 shares of the communications equipment provider's stock, valued at approximately $1,057,000. Cavalier Investments LLC owned 0.09% of CommScope at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of COMM. Aster Capital Management DIFC Ltd bought a new position in CommScope during the fourth quarter worth about $27,000. Sterling Capital Management LLC lifted its holdings in shares of CommScope by 826.0% during the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock valued at $35,000 after purchasing an additional 6,030 shares in 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 purchasing an additional 4,026 shares during the period. Sciencast Management LP bought a new stake in CommScope during the 4th quarter worth approximately $56,000. Finally, Jones Financial Companies Lllp acquired a new stake in CommScope during the 4th quarter worth approximately $60,000. 88.04% of the stock is currently owned by institutional investors and hedge funds.

CommScope Trading Up 1.0%

Shares of CommScope stock traded up $0.08 on Monday, reaching $8.28. 7,814,228 shares of the company were exchanged, compared to its average volume of 5,163,851. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 3.03, a PEG ratio of 0.33 and a beta of 2.29. CommScope Holding Company, Inc. has a one year low of $1.05 and a one year high of $8.57. The company has a 50-day moving average of $5.56 and a 200 day moving average of $5.25.

CommScope (NASDAQ:COMM - Get Free Report) last issued 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. CommScope had a net margin of 16.89% and a negative return on equity of 4.51%. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the business posted ($0.08) earnings per share. Analysts predict that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on COMM shares. Wall Street Zen lowered shares of CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft lifted their target price on CommScope from $6.00 to $7.50 and gave the company a "hold" rating in a research report on Tuesday, June 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, CommScope presently has a consensus rating of "Hold" and an average target price of $4.88.

About CommScope

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.