Universal Beteiligungs und Servicegesellschaft mbH Invests $385,000 in CommScope Holding Company, Inc. (NASDAQ:COMM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $385,000 in CommScope Holding Company, acquiring 72,558 shares.
• Several large investors, including Deutsche Bank AG and Balyasny Asset Management, significantly increased their stakes in CommScope during the fourth quarter.
• CommScope's stock has a consensus rating of "Hold" with an average price target of $4.88, down from a "strong-buy" rating previously assigned by some analysts.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 72,558 shares of the communications equipment provider's stock, valued at approximately $385,000.

Several other large investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new position in shares of CommScope during the 4th quarter worth approximately $27,000. Sterling Capital Management LLC grew 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. Tower Research Capital LLC TRC grew its stake 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 in the last quarter. Covestor Ltd acquired a new position in shares of CommScope in the 4th quarter valued at approximately $62,000. Finally, KBC Group NV bought a new stake in shares of CommScope in the 1st quarter worth about $65,000. Hedge funds and other institutional investors own 88.04% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on COMM. Northland Securities upgraded CommScope from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a research report on Monday. Wolfe Research assumed coverage on shares of CommScope in a research report on Monday, July 7th. They issued a "peer perform" rating on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of CommScope from $6.00 to $7.50 and gave the stock a "hold" rating in a report on Tuesday, June 24th. Raymond James Financial upgraded shares of CommScope from an "underperform" rating to an "outperform" rating and set a $19.00 price target for the company in a report on Tuesday. Finally, Morgan Stanley upgraded CommScope from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $4.00 to $17.00 in a report on Tuesday. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.10.

CommScope Price Performance

Shares of COMM stock traded up $0.26 during trading hours on Tuesday, reaching $14.77. The company had a trading volume of 20,994,009 shares, compared to its average volume of 7,997,130. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 5.55, a P/E/G ratio of 0.42 and a beta of 2.38. The company has a 50 day moving average of $7.34 and a 200 day moving average of $5.77. CommScope Holding Company, Inc. has a 1-year low of $2.04 and a 1-year high of $15.65.

CommScope (NASDAQ:COMM - Get Free Report) last announced its earnings results on Monday, August 4th. The communications equipment provider reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.20. CommScope had a net margin of 16.61% and a negative return on equity of 5.96%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business earned $0.34 EPS. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts forecast that CommScope Holding Company, Inc. will post -0.24 EPS 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.