Sculptor Capital LP Acquires 1,100,000 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Sculptor Capital LP boosted its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 218.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,603,000 shares of the communications equipment provider's stock after acquiring an additional 1,100,000 shares during the period. Sculptor Capital LP owned 0.74% of CommScope worth $8,352,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new position in CommScope during the 4th quarter worth approximately $27,000. Sterling Capital Management LLC lifted its holdings in shares of CommScope by 826.0% during the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock valued at $35,000 after purchasing an additional 6,030 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake 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 buying an additional 4,026 shares in the last quarter. Sciencast Management LP acquired a new stake in shares of CommScope during the fourth quarter worth $56,000. Finally, Ballentine Partners LLC bought a new stake in CommScope in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 88.04% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on COMM shares. Wall Street Zen cut CommScope from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.75.

CommScope Price Performance

NASDAQ:COMM traded down $0.02 on Thursday, hitting $5.54. 1,987,555 shares of the company's stock were exchanged, compared to its average volume of 5,025,075. The firm has a 50-day moving average price of $4.60 and a 200-day moving average price of $5.03. CommScope Holding Company, Inc. has a 52 week low of $1.05 and a 52 week high of $7.19. The company has a market cap of $1.20 billion, a P/E ratio of -1.25, a price-to-earnings-growth ratio of 0.41 and a beta of 2.06.

CommScope (NASDAQ:COMM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, beating 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 firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the firm posted ($0.08) earnings per share. The business's quarterly revenue was up 23.5% compared to the same quarter last year. On average, research analysts expect that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current fiscal year.

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.