CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lessened its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 385,881 shares of the communications equipment provider's stock after selling 66,656 shares during the period. Lazard Asset Management LLC owned 0.18% of CommScope worth $2,010,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in COMM. Franklin Resources Inc. purchased a new stake in shares of CommScope in the 3rd quarter valued at approximately $755,000. Ballentine Partners LLC purchased a new stake in shares of CommScope in the 4th quarter valued at approximately $58,000. SG Americas Securities LLC grew its stake in shares of CommScope by 130.6% in the 4th quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider's stock valued at $238,000 after buying an additional 25,855 shares during the period. Inspire Investing LLC grew its stake in shares of CommScope by 15.0% in the 4th quarter. Inspire Investing LLC now owns 77,276 shares of the communications equipment provider's stock valued at $403,000 after buying an additional 10,089 shares during the period. Finally, AA Financial Advisors LLC grew its stake in shares of CommScope by 5.8% in the 4th quarter. AA Financial Advisors LLC now owns 543,660 shares of the communications equipment provider's stock valued at $2,832,000 after buying an additional 30,000 shares during the period. Hedge funds and other institutional investors own 88.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COMM. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $7.00 price target on shares of CommScope in a research note on Thursday, February 27th. Wall Street Zen cut shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $4.75.

CommScope Price Performance

Shares of COMM stock traded up $0.21 during trading hours on Friday, hitting $5.70. The company had a trading volume of 17,542,752 shares, compared to its average volume of 5,105,228. The company's fifty day moving average is $4.61 and its 200 day moving average is $5.02. CommScope Holding Company, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $7.19. The stock has a market capitalization of $1.23 billion, a PE ratio of -1.29, a price-to-earnings-growth ratio of 0.41 and a beta of 2.06.

CommScope (NASDAQ:COMM - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. Equities analysts forecast that CommScope Holding Company, Inc. will post -0.24 earnings per share 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.