CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. grew its stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 100.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,000 shares of the communications equipment provider's stock after acquiring an additional 105,000 shares during the period. Hussman Strategic Advisors Inc. owned 0.10% of CommScope worth $1,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new position in shares of CommScope in the fourth quarter worth $27,000. Sterling Capital Management LLC raised its holdings 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 worth $35,000 after buying an additional 6,030 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings 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 worth $52,000 after buying an additional 4,026 shares during the last quarter. Sciencast Management LP purchased a new position in shares of CommScope in the fourth quarter worth $56,000. Finally, Covestor Ltd purchased a new position in shares of CommScope in the fourth quarter worth $62,000. 88.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on COMM shares. Wall Street Zen lowered shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of CommScope from $6.00 to $7.50 and gave the stock a "hold" rating in a research note on Tuesday, June 24th. Finally, Wolfe Research started coverage on shares of CommScope in a research note on Monday, July 7th. They issued a "peer perform" rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $4.88.

CommScope Trading Up 1.7%

COMM stock traded up $0.13 during trading on Friday, reaching $7.85. 2,881,370 shares of the stock were exchanged, compared to its average volume of 5,094,702. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 2.88, a P/E/G ratio of 0.32 and a beta of 2.38. The business has a 50 day moving average price of $6.70 and a 200-day moving average price of $5.50. CommScope Holding Company, Inc. has a 1 year low of $1.57 and a 1 year high of $8.67.

CommScope (NASDAQ:COMM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.07. The business had revenue of $1.11 billion for 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 was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. On average, research analysts anticipate that CommScope Holding Company, Inc. will post -0.24 EPS for the current year.

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.