Public Employees Retirement System of Ohio Acquires 56,916 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Public Employees Retirement System of Ohio grew its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 233.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,299 shares of the communications equipment provider's stock after buying an additional 56,916 shares during the period. Public Employees Retirement System of Ohio's holdings in CommScope were worth $424,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $4.75.

CommScope Trading Up 3.9%

Shares of NASDAQ COMM traded up $0.23 during midday trading on Friday, hitting $6.06. The company's stock had a trading volume of 3,094,442 shares, compared to its average volume of 5,152,427. CommScope Holding Company, Inc. has a one year low of $1.05 and a one year high of $7.19. The stock has a fifty day moving average price of $4.68 and a 200 day moving average price of $5.09. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -1.37, a P/E/G ratio of 0.41 and a beta of 2.06.

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

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.