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

Nuveen Asset Management LLC decreased its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,877,372 shares of the communications equipment provider's stock after selling 509,468 shares during the period. Nuveen Asset Management LLC owned approximately 1.33% of CommScope worth $14,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Deutsche Bank AG grew its position in CommScope by 182.2% during the fourth quarter. Deutsche Bank AG now owns 9,289,013 shares of the communications equipment provider's stock valued at $48,396,000 after acquiring an additional 5,996,931 shares during the last quarter. LMR Partners LLP bought a new position in shares of CommScope during the fourth quarter valued at about $14,328,000. Hudson Bay Capital Management LP increased its holdings in shares of CommScope by 150.1% in the fourth quarter. Hudson Bay Capital Management LP now owns 2,500,558 shares of the communications equipment provider's stock worth $13,028,000 after buying an additional 1,500,558 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of CommScope by 2,124.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 922,803 shares of the communications equipment provider's stock worth $4,808,000 after buying an additional 881,322 shares during the period. Finally, Carronade Capital Management LP lifted its stake in shares of CommScope by 58.8% in the 4th quarter. Carronade Capital Management LP now owns 2,002,475 shares of the communications equipment provider's stock valued at $10,433,000 after acquiring an additional 741,375 shares during the last quarter. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

CommScope Trading Down 1.8%

Shares of CommScope stock traded down $0.12 on Friday, hitting $6.17. 768,344 shares of the company traded hands, compared to its average volume of 5,134,352. CommScope Holding Company, Inc. has a 52 week low of $1.05 and a 52 week high of $7.19. The company has a market cap of $1.34 billion, a PE ratio of -1.40, a PEG ratio of 0.41 and a beta of 2.06. The stock's 50 day moving average price is $4.65 and its 200-day moving average price is $5.04.

CommScope (NASDAQ:COMM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.07. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations 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 quarter last year, the firm earned ($0.08) EPS. As a group, research analysts anticipate that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on COMM. Wall Street Zen lowered CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $4.75.

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.