2,750,000 Shares in CommScope Holding Company, Inc. (NASDAQ:COMM) Purchased by LMR Partners LLP

LMR Partners LLP purchased a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,750,000 shares of the communications equipment provider's stock, valued at approximately $14,328,000. LMR Partners LLP owned about 1.27% of CommScope at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in 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 worth $52,000 after purchasing an additional 4,026 shares in the last quarter. Bayesian Capital Management LP increased its position in shares of CommScope by 25.6% during the 4th quarter. Bayesian Capital Management LP now owns 22,100 shares of the communications equipment provider's stock valued at $115,000 after purchasing an additional 4,500 shares during the period. Diversified Trust Co raised its stake in shares of CommScope by 11.1% in the 4th quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider's stock worth $252,000 after buying an additional 4,827 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of CommScope in the fourth quarter valued at $27,000. Finally, Sterling Capital Management LLC lifted its holdings 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 during the period. 88.04% of the stock is owned by institutional investors and hedge funds.

CommScope Stock Down 1.4%

Shares of NASDAQ COMM traded down $0.08 during mid-day trading on Thursday, hitting $5.71. 4,636,171 shares of the company traded hands, compared to its average volume of 5,016,857. The business has a 50 day moving average of $4.50 and a two-hundred day moving average of $5.07. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -1.29, a PEG ratio of 0.41 and a beta of 2.06. CommScope Holding Company, Inc. has a 1 year low of $1.05 and a 1 year 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 for the quarter, topping the consensus estimate of $0.07 by $0.07. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) earnings per share. As a group, research analysts anticipate that CommScope Holding Company, Inc. will post -0.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com lowered CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $7.00 price objective 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.75.

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.