CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 4.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,013,381 shares of the communications equipment provider's stock after selling 44,858 shares during the period. Assenagon Asset Management S.A. owned about 0.47% of CommScope worth $5,381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COMM. Tower Research Capital LLC TRC grew its position in shares of 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. Bayesian Capital Management LP grew its position in shares of CommScope by 25.6% in the fourth quarter. Bayesian Capital Management LP now owns 22,100 shares of the communications equipment provider's stock valued at $115,000 after purchasing an additional 4,500 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of CommScope in the fourth quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of CommScope by 5.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,354 shares of the communications equipment provider's stock valued at $632,000 after purchasing an additional 5,909 shares during the period. Finally, Sterling Capital Management LLC grew its position in shares of CommScope by 826.0% in the fourth 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 during the period. Hedge funds and other institutional investors own 88.04% of the company's stock.

CommScope Trading Down 8.2%

COMM traded down $0.52 during trading hours on Friday, hitting $5.81. 4,359,210 shares of the company's stock were exchanged, compared to its average volume of 5,207,458. CommScope Holding Company, Inc. has a 12-month low of $1.05 and a 12-month high of $7.19. The firm has a 50 day moving average of $4.91 and a 200 day moving average of $5.15. The firm has a market cap of $1.26 billion, a P/E ratio of -1.31, a price-to-earnings-growth ratio of 0.41 and a beta of 2.29.

CommScope (NASDAQ:COMM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.07 by $0.07. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business posted ($0.08) EPS. The firm's revenue was up 23.5% on a year-over-year basis. As a group, research analysts expect that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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 lowered shares of CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Two investment 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 MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.