Paloma Partners Management Co Purchases 94,413 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Paloma Partners Management Co grew its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 269.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,413 shares of the communications equipment provider's stock after purchasing an additional 94,413 shares during the period. Paloma Partners Management Co owned about 0.06% of CommScope worth $674,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. acquired a new position in shares of CommScope in the 3rd quarter valued at approximately $755,000. JPMorgan Chase & Co. grew its position in shares of 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 last quarter. Diversified Trust Co increased its position in CommScope by 11.1% during the 4th quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider's stock valued at $252,000 after purchasing an additional 4,827 shares during the period. Ballentine Partners LLC acquired a new stake in shares of CommScope during the fourth quarter worth $58,000. Finally, SG Americas Securities LLC raised its position in shares of CommScope by 130.6% in the 4th quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider's stock worth $238,000 after acquiring an additional 25,855 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors.

CommScope Stock Performance

CommScope stock traded up $0.21 during mid-day trading on Friday, reaching $4.76. The company's stock had a trading volume of 6,326,337 shares, compared to its average volume of 4,959,566. The company has a market capitalization of $1.03 billion, a P/E ratio of -1.08, a PEG ratio of 0.41 and a beta of 2.06. The firm's fifty day moving average price is $4.64 and its two-hundred day moving average price is $5.11. CommScope Holding Company, Inc. has a 12-month low of $0.92 and a 12-month high of $7.19.

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, topping analysts' consensus estimates of $0.07 by $0.07. The firm 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 company's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) earnings per share. On average, research analysts predict that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

COMM has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 target price on the stock in a research report on Tuesday, January 14th. StockNews.com raised CommScope from a "hold" rating to a "buy" rating in a research report on Friday, February 28th. Raymond James downgraded CommScope from a "market perform" rating to an "underperform" rating in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock 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.