CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,705,120 shares of the communications equipment provider's stock after buying an additional 579,114 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.25% of CommScope worth $14,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of COMM. Franklin Resources Inc. purchased a new stake in CommScope in the 3rd quarter valued at about $755,000. JPMorgan Chase & Co. raised its holdings in CommScope by 151.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider's stock valued at $5,500,000 after buying an additional 542,794 shares during the period. Ballentine Partners LLC acquired a new position in CommScope in the 4th quarter valued at about $58,000. SG Americas Securities LLC grew its position in 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 in the last quarter. Finally, Inspire Investing LLC grew its position in CommScope by 15.0% in the 4th quarter. Inspire Investing LLC now owns 77,276 shares of the communications equipment provider's stock valued at $403,000 after acquiring an additional 10,089 shares in the last quarter. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com downgraded CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $7.00 target price on shares of CommScope in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, CommScope currently has an average rating of "Hold" and an average price target of $4.75.

CommScope Price Performance

Shares of CommScope stock traded up $0.17 on Friday, reaching $5.88. 4,370,846 shares of the company were exchanged, compared to its average volume of 5,025,908. CommScope Holding Company, Inc. has a 1-year low of $1.05 and a 1-year high of $7.19. The company has a market cap of $1.27 billion, a P/E ratio of -1.33, a price-to-earnings-growth ratio of 0.41 and a beta of 2.06. The stock's 50 day moving average price is $4.55 and its 200-day moving average price is $5.03.

CommScope (NASDAQ:COMM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.11 billion. During the same period in the previous year, the company posted ($0.08) earnings per share. The business's revenue for the quarter was up 23.5% on a year-over-year basis. On average, research analysts predict 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.