CommScope Holding Company, Inc. (NASDAQ:COMM) Stock Holdings Increased by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 662,283 shares of the communications equipment provider's stock after purchasing an additional 20,279 shares during the quarter. Federated Hermes Inc. owned about 0.31% of CommScope worth $3,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new position in shares of CommScope in the 4th quarter worth about $27,000. Sterling Capital Management LLC raised its position in 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. Tower Research Capital LLC TRC boosted its holdings in 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 worth $52,000 after acquiring an additional 4,026 shares during the period. Caliber Wealth Management LLC KS acquired a new stake in CommScope during the 1st quarter valued at $57,000. Finally, Covestor Ltd acquired a new position in shares of CommScope in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 88.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Raymond James Financial raised shares of CommScope from an "underperform" rating to an "outperform" rating and set a $19.00 target price for the company in a research report on Tuesday. Wall Street Zen downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of CommScope from $6.00 to $7.50 and gave the stock a "hold" rating in a report on Tuesday, June 24th. Bank of America raised shares of CommScope from an "underperform" rating to a "buy" rating and upped their price target for the stock from $4.00 to $20.00 in a research note on Thursday. Finally, Citigroup upgraded shares of CommScope to an "outperform" rating in a report on Monday. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.75.

CommScope Stock Performance

COMM traded up $0.43 during trading on Friday, reaching $15.42. The company had a trading volume of 5,185,361 shares, compared to its average volume of 6,033,210. The firm's 50-day simple moving average is $7.67 and its 200 day simple moving average is $5.89. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 5.80, a PEG ratio of 0.42 and a beta of 2.38. CommScope Holding Company, Inc. has a 12-month low of $2.55 and a 12-month high of $15.65.

CommScope (NASDAQ:COMM - Get Free Report) last announced its earnings results on Monday, August 4th. The communications equipment provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.24 by $0.20. CommScope had a net margin of 16.61% and a negative return on equity of 6.29%. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period last year, the company posted $0.34 earnings per share. The business's revenue for the quarter was up 31.7% on a year-over-year basis. On average, sell-side analysts expect that CommScope Holding Company, Inc. will post -0.24 EPS for the current 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.