Paloma Partners Management Co Increases Stock Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Paloma Partners Management Co increased its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 269.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,413 shares of the communications equipment provider's stock after buying an additional 94,413 shares during the quarter. Paloma Partners Management Co owned about 0.06% of CommScope worth $674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COMM. Northern Trust Corp raised its position in CommScope by 13.7% in the fourth quarter. Northern Trust Corp now owns 2,087,160 shares of the communications equipment provider's stock valued at $10,874,000 after purchasing an additional 250,761 shares during the period. Quarry LP lifted its stake in CommScope by 577.8% in the fourth quarter. Quarry LP now owns 55,000 shares of the communications equipment provider's stock worth $287,000 after acquiring an additional 46,886 shares during the last quarter. Boothbay Fund Management LLC grew its stake in shares of CommScope by 589.2% during the fourth quarter. Boothbay Fund Management LLC now owns 81,000 shares of the communications equipment provider's stock worth $422,000 after purchasing an additional 69,247 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of CommScope during the 4th quarter worth about $1,471,000. Finally, Tower Research Capital LLC TRC boosted its holdings in CommScope by 67.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock valued at $52,000 after purchasing an additional 4,026 shares in the last quarter. Hedge funds and other institutional investors own 88.04% of the company's stock.

CommScope Stock Performance

CommScope stock traded up $0.21 during trading on Friday, hitting $4.76. The company's stock had a trading volume of 6,326,337 shares, compared to its average volume of 4,954,851. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -1.08, a P/E/G ratio of 0.41 and a beta of 1.98. CommScope Holding Company, Inc. has a 1-year low of $0.92 and a 1-year high of $7.19. The stock's fifty day moving average is $4.64 and its 200 day moving average is $5.12.

CommScope (NASDAQ:COMM - Get Free Report) last issued 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. 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 for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted ($0.08) EPS. The business's quarterly revenue was up 23.5% on a year-over-year basis. On average, research analysts anticipate that CommScope Holding Company, Inc. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on COMM shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. 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 report on Friday, February 28th. Finally, Raymond James downgraded shares of CommScope from a "market perform" rating to an "underperform" rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.