Teacher Retirement System of Texas Acquires New Stake in CommScope Holding Company, Inc. (NASDAQ:COMM)

Teacher Retirement System of Texas acquired a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 48,667 shares of the communications equipment provider's stock, valued at approximately $258,000.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of CommScope during the first quarter worth $143,000. KBC Group NV purchased a new position in shares of CommScope during the first quarter valued at $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CommScope by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,354 shares of the communications equipment provider's stock valued at $632,000 after buying an additional 5,909 shares during the period. Swiss National Bank purchased a new position in shares of CommScope during the fourth quarter valued at $2,212,000. Finally, Amundi purchased a new position in shares of CommScope during the fourth quarter valued at $137,000. Institutional investors own 88.04% of the company's stock.

Wall Street Analysts Forecast Growth

COMM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their price target on CommScope from $6.00 to $7.50 and gave the company a "hold" rating in a research note on Tuesday, June 24th. Wall Street Zen cut shares of CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, Wolfe Research assumed coverage on shares of CommScope in a report on Monday, July 7th. They issued a "peer perform" rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.88.

CommScope Trading Down 2.5%

Shares of COMM stock traded down $0.20 during trading hours on Tuesday, reaching $7.66. 2,127,083 shares of the company's stock were exchanged, compared to its average volume of 5,081,034. CommScope Holding Company, Inc. has a 1 year low of $1.57 and a 1 year high of $8.67. The stock has a market cap of $1.66 billion, a PE ratio of 2.80, a PEG ratio of 0.31 and a beta of 2.38. The stock's fifty day moving average price is $6.70 and its two-hundred day moving average price is $5.51.

CommScope (NASDAQ:COMM - Get Free Report) last released its earnings results 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 4.51% and a net margin of 16.89%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company's revenue was up 23.5% compared to the same quarter last year. On average, equities analysts expect that CommScope Holding Company, Inc. will post -0.24 EPS 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.