CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its position in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 233.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,299 shares of the communications equipment provider's stock after purchasing an additional 56,916 shares during the quarter. Public Employees Retirement System of Ohio's holdings in CommScope were worth $424,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of COMM. Aster Capital Management DIFC Ltd acquired a new stake in shares of CommScope in the fourth quarter valued at approximately $27,000. Sterling Capital Management LLC grew its holdings in CommScope by 826.0% in the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock worth $35,000 after buying an additional 6,030 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in CommScope by 67.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock worth $52,000 after buying an additional 4,026 shares in the last quarter. Sciencast Management LP acquired a new stake in CommScope in the 4th quarter valued at approximately $56,000. Finally, Jones Financial Companies Lllp bought a new stake in CommScope during the 4th quarter valued at $60,000. 88.04% of the stock is currently owned by institutional investors.

CommScope Stock Up 3.9%

COMM traded up $0.23 during trading on Friday, reaching $6.06. The stock had a trading volume of 3,094,442 shares, compared to its average volume of 5,173,269. The stock has a 50 day moving average of $4.70 and a two-hundred day moving average of $5.11. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -1.37, a price-to-earnings-growth ratio of 0.41 and a beta of 2.29. CommScope Holding Company, Inc. has a 1-year low of $1.05 and a 1-year high of $7.19.

CommScope (NASDAQ:COMM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.07. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned ($0.08) EPS. The company's quarterly revenue was up 23.5% compared to the same quarter last year. On average, research analysts forecast that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on COMM shares. 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 downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock 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.