UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires Shares of 481,613 CommScope Holding Company, Inc. (NASDAQ:COMM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 481,613 shares of the communications equipment provider's stock, valued at approximately $2,509,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of CommScope at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of 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 acquiring an additional 25,855 shares during the last quarter. Rhumbline Advisers grew its holdings in CommScope by 7.0% during the fourth quarter. Rhumbline Advisers now owns 361,637 shares of the communications equipment provider's stock valued at $1,884,000 after purchasing an additional 23,813 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in CommScope in the fourth quarter valued at approximately $547,000. Versor Investments LP bought a new stake in CommScope in the fourth quarter valued at approximately $86,000. Finally, US Bancorp DE raised its holdings in CommScope by 527.9% in the fourth quarter. US Bancorp DE now owns 16,067 shares of the communications equipment provider's stock worth $84,000 after purchasing an additional 13,508 shares during the period. Institutional investors and hedge funds own 88.04% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on COMM shares. Wall Street Zen lowered shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $7.00 price objective on shares of CommScope in a research report on Thursday, February 27th. Two 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $4.75.

CommScope Stock Performance

Shares of NASDAQ COMM traded up $0.04 during midday trading on Tuesday, reaching $6.15. The company's stock had a trading volume of 4,105,925 shares, compared to its average volume of 5,175,976. The company has a market cap of $1.33 billion, a P/E ratio of -1.39, a P/E/G ratio of 0.41 and a beta of 2.29. The business's 50 day moving average price is $4.71 and its two-hundred day moving average price is $5.12. CommScope Holding Company, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $7.19.

CommScope (NASDAQ:COMM - Get Free Report) last released its earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.07. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates 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 prior year, the firm posted ($0.08) EPS. Sell-side analysts forecast 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.