Two Sigma Advisers LP Has $20.09 Million Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Two Sigma Advisers LP cut its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,856,800 shares of the communications equipment provider's stock after selling 447,000 shares during the quarter. Two Sigma Advisers LP owned approximately 1.79% of CommScope worth $20,094,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted 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 valued at $52,000 after acquiring an additional 4,026 shares during the period. Bayesian Capital Management LP lifted its holdings in shares of CommScope by 25.6% during the fourth quarter. Bayesian Capital Management LP now owns 22,100 shares of the communications equipment provider's stock valued at $115,000 after acquiring an additional 4,500 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of CommScope during the fourth quarter valued at $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 acquiring an additional 5,909 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of CommScope by 826.0% in the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock valued at $35,000 after buying an additional 6,030 shares in the last quarter. 88.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on COMM shares. Wall Street Zen lowered CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. Two equities research 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $4.75.

CommScope Price Performance

Shares of NASDAQ:COMM traded up $0.21 during midday trading on Friday, reaching $5.70. The company's stock had a trading volume of 17,542,752 shares, compared to its average volume of 5,113,256. CommScope Holding Company, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $7.19. The company has a market capitalization of $1.23 billion, a P/E ratio of -1.29, a P/E/G ratio of 0.41 and a beta of 2.06. The business's fifty day simple moving average is $4.61 and its 200-day simple moving average is $5.02.

CommScope (NASDAQ:COMM - Get Free Report) last announced its earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted ($0.08) earnings per share. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. On average, analysts forecast that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current fiscal year.

CommScope Company 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.