Jacobs Levy Equity Management Inc. Sells 761,449 Shares of CommScope Holding Company, Inc. $COMM

Jacobs Levy Equity Management Inc. lessened its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 28.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,943,671 shares of the communications equipment provider's stock after selling 761,449 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.90% of CommScope worth $10,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new stake in CommScope during the 1st quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its position in CommScope by 67.6% during 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. Caliber Wealth Management LLC KS acquired a new stake in CommScope during the 1st quarter valued at approximately $57,000. KBC Group NV acquired a new stake in CommScope during the 1st quarter valued at approximately $65,000. Finally, GAMMA Investing LLC increased its position in CommScope by 717.7% during the 1st quarter. GAMMA Investing LLC now owns 16,026 shares of the communications equipment provider's stock valued at $85,000 after purchasing an additional 14,066 shares during the period. Institutional investors and hedge funds own 88.04% of the company's stock.

CommScope Trading Up 2.2%

Shares of COMM traded up $0.36 during trading hours on Thursday, reaching $16.58. The stock had a trading volume of 5,723,186 shares, compared to its average volume of 6,089,905. CommScope Holding Company, Inc. has a 12 month low of $2.94 and a 12 month high of $16.83. The firm has a 50-day simple moving average of $12.26 and a 200 day simple moving average of $7.72. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 6.23, a P/E/G ratio of 0.56 and a beta of 2.47.

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

Analysts Set New Price Targets

COMM has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on shares of CommScope in a research report on Monday, July 7th. They set a "peer perform" rating for the company. Citigroup raised shares of CommScope to an "outperform" rating in a research report on Monday, August 4th. Bank of America upgraded CommScope from an "underperform" rating to a "buy" rating and increased their price target for the stock from $4.00 to $20.00 in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft increased their price target on CommScope from $6.00 to $7.50 and gave the stock a "hold" rating in a report on Tuesday, June 24th. Finally, Northland Capmk upgraded CommScope from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.75.

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.