Two Sigma Investments LP Sells 713,324 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Two Sigma Investments LP cut its position in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 15.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,867,936 shares of the communications equipment provider's stock after selling 713,324 shares during the quarter. Two Sigma Investments LP owned approximately 1.79% of CommScope worth $20,152,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC bought a new position in shares of CommScope in the fourth quarter worth about $58,000. SG Americas Securities LLC grew its holdings in CommScope by 130.6% in the 4th quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider's stock valued at $238,000 after buying an additional 25,855 shares during the last quarter. Inspire Investing LLC increased its position in CommScope by 15.0% in the 4th quarter. Inspire Investing LLC now owns 77,276 shares of the communications equipment provider's stock worth $403,000 after buying an additional 10,089 shares during the period. AA Financial Advisors LLC increased its position in CommScope by 5.8% in the 4th quarter. AA Financial Advisors LLC now owns 543,660 shares of the communications equipment provider's stock worth $2,832,000 after buying an additional 30,000 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of CommScope by 7.0% during the fourth quarter. Rhumbline Advisers now owns 361,637 shares of the communications equipment provider's stock worth $1,884,000 after buying an additional 23,813 shares during the last quarter. 88.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COMM has been the topic of several research analyst reports. StockNews.com downgraded shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set 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 given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.75.

CommScope Stock Down 4.5%

CommScope stock opened at $5.55 on Thursday. The business has a 50 day moving average price of $4.60 and a two-hundred day moving average price of $5.03. CommScope Holding Company, Inc. has a 12 month low of $1.05 and a 12 month high of $7.19. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -1.26, a price-to-earnings-growth ratio of 0.41 and a beta of 2.06.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.07. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. CommScope's quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share. On average, analysts expect 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.

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