Janus Henderson Group PLC Invests $524,000 in CommScope Holding Company, Inc. (NASDAQ:COMM)

Janus Henderson Group PLC bought a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 100,600 shares of the communications equipment provider's stock, valued at approximately $524,000.

Several other large investors have also modified their holdings of COMM. Aster Capital Management DIFC Ltd purchased a new stake in shares of CommScope in the fourth quarter valued at approximately $27,000. Sterling Capital Management LLC boosted 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 valued at $35,000 after purchasing an additional 6,030 shares during the period. Tower Research Capital LLC TRC boosted 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 valued at $52,000 after purchasing an additional 4,026 shares during the period. Sciencast Management LP purchased a new stake in CommScope during the fourth quarter worth $56,000. Finally, Ballentine Partners LLC purchased a new stake in CommScope during the fourth quarter worth $58,000. Hedge funds and other institutional investors own 88.04% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on COMM shares. Wall Street Zen lowered CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $7.00 target price on shares of CommScope in a report on Thursday, February 27th. Two equities research 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 has a consensus rating of "Hold" and an average price target of $4.75.

CommScope Stock Performance

CommScope stock traded up $0.01 during mid-day trading on Thursday, reaching $6.15. 1,112,550 shares of the company were exchanged, compared to its average volume of 5,440,654. The business has a fifty day moving average of $4.64 and a 200 day moving average of $5.03. The firm has a market cap of $1.33 billion, a P/E ratio of -1.39, a PEG ratio of 0.41 and a beta of 2.06. CommScope Holding Company, Inc. has a 12-month low of $1.05 and a 12-month high of $7.19.

CommScope (NASDAQ:COMM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, topping 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 negative return on equity of 1.01% and a negative net margin of 18.10%. The business's quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) earnings per share. Sell-side analysts predict that CommScope Holding Company, Inc. will post -0.24 EPS for the current year.

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.