nVerses Capital LLC Invests $109,000 in CommScope Holding Company, Inc. (NASDAQ:COMM)

nVerses Capital LLC bought a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,800 shares of the communications equipment provider’s stock, valued at approximately $109,000.

Several other large investors also recently made changes to their positions in COMM. Headlands Technologies LLC grew its holdings in shares of CommScope by 357.9% during the first quarter. Headlands Technologies LLC now owns 23,953 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 18,722 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in CommScope in the third quarter valued at about $31,000. Allspring Global Investments Holdings LLC boosted its holdings in CommScope by 5,083.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 25,708 shares of the communications equipment provider’s stock valued at $34,000 after acquiring an additional 25,212 shares during the last quarter. Creative Planning bought a new position in CommScope in the third quarter valued at about $73,000. Finally, Fore Capital LLC boosted its holdings in CommScope by 36.5% in the second quarter. Fore Capital LLC now owns 74,841 shares of the communications equipment provider’s stock valued at $92,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors own 88.04% of the company’s stock.

Wall Street Analyst Weigh In

COMM has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on CommScope from $1.25 to $2.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Northland Securities raised their target price on CommScope from $1.25 to $2.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Finally, StockNews.com upgraded CommScope from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, CommScope presently has an average rating of “Hold” and an average target price of $1.75.

CommScope Trading Up 7.1 %

Shares of COMM opened at $6.05 on Monday. CommScope Holding Company, Inc. has a 1 year low of $0.86 and a 1 year high of $6.75. The stock has a market cap of $1.28 billion, a P/E ratio of -0.68, a price-to-earnings-growth ratio of 0.28 and a beta of 2.10. The stock’s 50-day moving average price is $5.08 and its two-hundred day moving average price is $2.69.

CommScope (NASDAQ:COMM) last released its quarterly earnings results on Thursday, August 8th. The communications equipment provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). CommScope had a negative return on equity of 3.08% and a negative net margin of 31.24%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business earned $0.14 EPS. The company’s revenue for the quarter was down 12.7% compared to the same quarter last year. As a group, equities analysts forecast that CommScope Holding Company, Inc. will post 0.91 EPS for the current year.

CommScope Company 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.