Graham Capital Management L.P. Acquires 129,528 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Graham Capital Management L.P. lifted its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 179.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,800 shares of the communications equipment provider's stock after purchasing an additional 129,528 shares during the quarter. Graham Capital Management L.P. owned 0.09% of CommScope worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of COMM. Franklin Resources Inc. purchased a new position in shares of CommScope in the third quarter worth $755,000. JPMorgan Chase & Co. raised its stake in shares of CommScope by 151.9% in the third quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider's stock worth $5,500,000 after purchasing an additional 542,794 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of CommScope in the fourth quarter worth $58,000. SG Americas Securities LLC raised its stake in shares of CommScope by 130.6% in the fourth quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider's stock worth $238,000 after purchasing an additional 25,855 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of CommScope by 15.0% in the fourth quarter. Inspire Investing LLC now owns 77,276 shares of the communications equipment provider's stock worth $403,000 after purchasing an additional 10,089 shares during the last quarter. Hedge funds and other institutional investors own 88.04% of the company's stock.

CommScope Price Performance

Shares of COMM traded up $0.17 during trading hours on Friday, hitting $5.88. The stock had a trading volume of 4,370,846 shares, compared to its average volume of 5,026,593. The stock has a fifty day moving average price of $4.55 and a 200 day moving average price of $5.05. CommScope Holding Company, Inc. has a 12 month low of $1.05 and a 12 month high of $7.19. The firm has a market capitalization of $1.27 billion, a PE ratio of -1.33, a PEG ratio of 0.41 and a beta of 2.06.

CommScope (NASDAQ:COMM - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted ($0.08) earnings per share. CommScope's revenue for the quarter was up 23.5% on a year-over-year basis. As a group, analysts anticipate that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. StockNews.com lowered CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, CommScope currently has an average rating of "Hold" and a consensus target price of $4.75.

CommScope 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.