Patriot Financial Group Insurance Agency LLC Acquires New Holdings in CommScope Holding Company, Inc. $COMM

Patriot Financial Group Insurance Agency LLC purchased a new position in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,450 shares of the communications equipment provider's stock, valued at approximately $178,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. California State Teachers Retirement System grew its position in CommScope by 1,219.1% in the fourth quarter. California State Teachers Retirement System now owns 201,759 shares of the communications equipment provider's stock worth $1,051,000 after buying an additional 186,464 shares during the last quarter. GAMMA Investing LLC lifted its stake in CommScope by 717.7% in the 1st quarter. GAMMA Investing LLC now owns 16,026 shares of the communications equipment provider's stock worth $85,000 after acquiring an additional 14,066 shares in the last quarter. Range Financial Group LLC acquired a new stake in shares of CommScope during the first quarter worth approximately $1,018,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CommScope during the 1st quarter valued at $143,000. Finally, Advisor Resource Council purchased a new position in CommScope in the first quarter valued at about $118,000. 88.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COMM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of CommScope from $6.00 to $7.50 and gave the stock a "hold" rating in a research report on Tuesday, June 24th. Northland Securities set a $20.00 target price on CommScope in a research report on Tuesday, August 5th. Morgan Stanley upgraded shares of CommScope from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $4.00 to $17.00 in a research note on Tuesday, August 5th. Raymond James Financial upgraded CommScope from an "underperform" rating to an "outperform" rating and set a $19.00 target price for the company in a research report on Tuesday, August 5th. Finally, Wall Street Zen lowered shares of CommScope from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $14.75.

CommScope Trading Down 0.6%

Shares of COMM stock opened at $15.53 on Monday. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 0.53 and a beta of 2.42. The business's 50-day moving average price is $15.03 and its 200-day moving average price is $9.01. CommScope Holding Company, Inc. has a 12 month low of $2.94 and a 12 month high of $17.13.

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

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