Northern Trust Corp Has $10.87 Million Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Northern Trust Corp increased its stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,087,160 shares of the communications equipment provider's stock after purchasing an additional 250,761 shares during the quarter. Northern Trust Corp owned approximately 0.97% of CommScope worth $10,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of COMM. Aster Capital Management DIFC Ltd acquired a new stake in CommScope during the 4th quarter worth about $27,000. Sterling Capital Management LLC boosted its position in CommScope by 826.0% during 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. Tower Research Capital LLC TRC boosted its position 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 worth $52,000 after acquiring an additional 4,026 shares during the period. Sciencast Management LP acquired a new stake in CommScope during the 4th quarter worth about $56,000. Finally, Ballentine Partners LLC acquired a new stake in CommScope during the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 88.04% of the company's stock.

CommScope Stock Performance

Shares of CommScope stock traded down $0.06 during trading on Thursday, hitting $5.49. 4,358,310 shares of the stock traded hands, compared to its average volume of 5,043,085. The stock has a market cap of $1.19 billion, a P/E ratio of -1.24, a PEG ratio of 0.41 and a beta of 2.06. CommScope Holding Company, Inc. has a twelve month low of $1.05 and a twelve month high of $7.19. The company has a fifty day moving average price of $4.60 and a two-hundred day moving average price of $5.02.

CommScope (NASDAQ:COMM - Get Free Report) last announced 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. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The firm's revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) EPS. On average, equities research analysts expect that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $7.00 price objective on shares of CommScope in a research report on Thursday, February 27th. Wall Street Zen lowered CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Two research 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 MarketBeat, CommScope has an average rating of "Hold" and an average price target of $4.75.

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.