Two Sigma Investments LP Has $20.15 Million Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

Two Sigma Investments LP trimmed its stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,867,936 shares of the communications equipment provider's stock after selling 713,324 shares during the period. Two Sigma Investments LP owned about 1.79% of CommScope worth $20,152,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Saba Capital Management L.P. grew its position in CommScope by 20.0% in the fourth quarter. Saba Capital Management L.P. now owns 570,418 shares of the communications equipment provider's stock valued at $2,972,000 after acquiring an additional 95,000 shares during the period. Sculptor Capital LP grew its position in CommScope by 218.7% in the fourth quarter. Sculptor Capital LP now owns 1,603,000 shares of the communications equipment provider's stock valued at $8,352,000 after acquiring an additional 1,100,000 shares during the period. Sona Asset Management US LLC grew its position in CommScope by 94.9% in the fourth quarter. Sona Asset Management US LLC now owns 1,364,443 shares of the communications equipment provider's stock valued at $7,109,000 after acquiring an additional 664,443 shares during the period. ProShare Advisors LLC grew its position in CommScope by 51.6% in the fourth quarter. ProShare Advisors LLC now owns 60,457 shares of the communications equipment provider's stock valued at $315,000 after acquiring an additional 20,569 shares during the period. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in CommScope in the fourth quarter valued at $1,824,000. 88.04% of the stock is currently owned by institutional investors.

CommScope Stock Performance

CommScope stock traded up $0.48 on Tuesday, reaching $6.18. The company's stock had a trading volume of 3,504,718 shares, compared to its average volume of 5,108,054. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -1.40, a PEG ratio of 0.41 and a beta of 2.06. The business's fifty day moving average price is $4.61 and its 200 day moving average price is $5.01. CommScope Holding Company, Inc. has a twelve month low of $1.05 and a twelve month high of $7.19.

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

Wall Street Analysts Forecast Growth

COMM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Wall Street Zen lowered CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, CommScope has a consensus rating of "Hold" and an average price target of $4.75.

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.