Sona Asset Management US LLC Acquires 664,443 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Sona Asset Management US LLC grew its stake in CommScope Holding Company, Inc. (NASDAQ:COMM - Free Report) by 94.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,364,443 shares of the communications equipment provider's stock after buying an additional 664,443 shares during the quarter. Sona Asset Management US LLC owned approximately 0.63% of CommScope worth $7,109,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COMM. Aster Capital Management DIFC Ltd purchased a new stake in CommScope in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC boosted its position in shares of CommScope by 826.0% in the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock worth $35,000 after purchasing an additional 6,030 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of 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 worth $52,000 after purchasing an additional 4,026 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of CommScope in the fourth quarter worth $56,000. Finally, Ballentine Partners LLC bought a new stake in shares of CommScope during the 4th quarter valued at $58,000. Institutional investors own 88.04% of the company's stock.

CommScope Stock Performance

COMM traded down $0.18 during trading on Wednesday, reaching $5.64. 2,574,028 shares of the company traded hands, compared to its average volume of 5,019,164. CommScope Holding Company, Inc. has a 12-month low of $1.05 and a 12-month high of $7.19. The firm has a fifty day simple moving average of $4.59 and a 200 day simple moving average of $5.03. The company has a market cap of $1.22 billion, a P/E ratio of -1.28, a PEG ratio of 0.41 and a beta of 2.06.

CommScope (NASDAQ:COMM - Get Free Report) last posted its earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.07. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. CommScope's quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the company posted ($0.08) earnings per share. As a group, sell-side analysts expect that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. 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 reissued a "hold" rating and set a $7.00 price target on shares of CommScope in a report 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 presently has an average rating of "Hold" and a consensus 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.