Sei Investments Co. Has $85,000 Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

Sei Investments Co. decreased its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 87.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,305 shares of the communications equipment provider's stock after selling 110,814 shares during the quarter. Sei Investments Co.'s holdings in CommScope were worth $85,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of COMM. Geode Capital Management LLC boosted its position in shares of CommScope by 3.1% during the third quarter. Geode Capital Management LLC now owns 5,111,866 shares of the communications equipment provider's stock worth $31,239,000 after purchasing an additional 155,166 shares in the last quarter. State Street Corp grew its stake in CommScope by 9.2% in the third quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider's stock valued at $28,034,000 after acquiring an additional 387,466 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of CommScope by 151.9% in 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. AA Financial Advisors LLC lifted its holdings in shares of CommScope by 5.8% during the 4th quarter. AA Financial Advisors LLC now owns 543,660 shares of the communications equipment provider's stock valued at $2,832,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Swiss National Bank acquired a new position in shares of CommScope in the 4th quarter valued at approximately $2,212,000. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COMM has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of CommScope from an "underweight" rating to a "neutral" rating and set a $5.00 price target for the company in a report on Tuesday, January 14th. StockNews.com raised CommScope from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Raymond James downgraded CommScope from a "market perform" rating to an "underperform" rating in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $7.00 price target 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 given a buy rating to the stock. According to data from MarketBeat.com, CommScope has an average rating of "Hold" and an average price target of $4.75.

CommScope Price Performance

COMM stock traded down $0.13 during trading hours on Thursday, reaching $3.32. The stock had a trading volume of 490,028 shares, compared to its average volume of 5,282,516. The stock has a 50-day simple moving average of $4.96 and a 200 day simple moving average of $5.30. The stock has a market capitalization of $717.90 million, a PE ratio of -0.75, a price-to-earnings-growth ratio of 0.41 and a beta of 1.98. CommScope Holding Company, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $7.19.

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.