Range Financial Group LLC Purchases Shares of 191,653 CommScope Holding Company, Inc. (NASDAQ:COMM)

Range Financial Group LLC bought a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 191,653 shares of the communications equipment provider's stock, valued at approximately $1,018,000. Range Financial Group LLC owned about 0.09% of CommScope as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in COMM. Aster Capital Management DIFC Ltd bought a new stake in shares of CommScope during the fourth quarter worth $27,000. Sterling Capital Management LLC grew 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 worth $35,000 after purchasing an additional 6,030 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of 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 during the last quarter. Sciencast Management LP bought a new stake in shares of CommScope during the fourth quarter worth $56,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of CommScope during the fourth quarter worth $60,000. Institutional investors own 88.04% of the company's stock.

CommScope Stock Up 2.1%

CommScope stock traded up $0.13 during midday trading on Thursday, hitting $6.33. 3,270,148 shares of the stock were exchanged, compared to its average volume of 5,176,182. The company has a fifty day simple moving average of $4.81 and a two-hundred day simple moving average of $5.14. CommScope Holding Company, Inc. has a 52 week low of $1.05 and a 52 week high of $7.19. The stock has a market capitalization of $1.37 billion, a PE ratio of -1.43, a P/E/G ratio of 0.41 and a beta of 2.29.

CommScope (NASDAQ:COMM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned ($0.08) EPS. CommScope's quarterly revenue was up 23.5% compared to the same quarter last year. As a group, equities research analysts anticipate that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 price target on shares of CommScope in a report on Thursday, February 27th. Wall Street Zen cut CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CommScope currently has an average rating of "Hold" and a consensus price target of $4.75.

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.