CommScope Holding Company, Inc. (NASDAQ:COMM) Holdings Lifted by Graham Capital Management L.P.

Graham Capital Management L.P. increased its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 179.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in CommScope by 67.6% during the 4th 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. Bayesian Capital Management LP increased its position in CommScope by 25.6% during the 4th quarter. Bayesian Capital Management LP now owns 22,100 shares of the communications equipment provider's stock worth $115,000 after purchasing an additional 4,500 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in CommScope during the 4th quarter worth $27,000. Sterling Capital Management LLC boosted its holdings in CommScope by 826.0% in the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock worth $35,000 after acquiring an additional 6,030 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of CommScope by 15.4% during the fourth quarter. NewEdge Advisors LLC now owns 58,764 shares of the communications equipment provider's stock valued at $306,000 after acquiring an additional 7,850 shares in the last quarter. 88.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COMM. StockNews.com lowered 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 issued a $7.00 price target on shares of CommScope in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $4.75.

CommScope Stock Performance

Shares of COMM traded down $0.03 during midday trading on Monday, hitting $5.85. 1,205,976 shares of the stock traded hands, compared to its average volume of 5,011,275. CommScope Holding Company, Inc. has a 1-year low of $1.05 and a 1-year high of $7.19. The business's 50 day moving average price is $4.55 and its two-hundred day moving average price is $5.03. The firm has a market capitalization of $1.27 billion, a PE ratio of -1.33, a price-to-earnings-growth ratio of 0.41 and a beta of 2.06.

CommScope (NASDAQ:COMM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, beating 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 net margin of 18.10% and a negative return on equity of 1.01%. CommScope's revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) earnings per share. As a group, equities research 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.