OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $1.82 Million in CommScope Holding Company, Inc. (NASDAQ:COMM)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 350,000 shares of the communications equipment provider's stock, valued at approximately $1,824,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of CommScope at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COMM. Franklin Resources Inc. bought a new stake in shares of CommScope during the 3rd quarter worth approximately $755,000. JPMorgan Chase & Co. boosted its stake in CommScope by 151.9% during the third quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider's stock worth $5,500,000 after acquiring an additional 542,794 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of CommScope in the fourth quarter valued at $58,000. SG Americas Securities LLC lifted 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 valued at $238,000 after buying an additional 25,855 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings 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 valued at $403,000 after purchasing an additional 10,089 shares during the last quarter. 88.04% of the stock is owned by institutional investors.

CommScope Stock Performance

Shares of COMM traded down $0.03 during midday trading on Monday, hitting $5.86. The company had a trading volume of 1,763,201 shares, compared to its average volume of 5,013,189. The company's 50-day simple moving average is $4.55 and its 200-day simple moving average is $5.03. The firm has a market capitalization of $1.27 billion, a P/E ratio of -1.32, a P/E/G 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 posted its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned ($0.08) earnings per share. The company's revenue for the quarter was up 23.5% compared to the same quarter last year. Equities analysts predict that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COMM. StockNews.com cut shares of CommScope from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $7.00 price objective on shares of CommScope in a research note 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.