Investors Purchase High Volume of CommScope Call Options (NASDAQ:COMM)

CommScope Holding Company, Inc. (NASDAQ:COMM) saw unusually large options trading on Thursday. Stock traders acquired 5,789 call options on the stock. This is an increase of approximately 78% compared to the average daily volume of 3,248 call options.

Institutional Investors Weigh In On CommScope

A number of institutional investors have recently added to or reduced their stakes in COMM. Aster Capital Management DIFC Ltd purchased a new stake in CommScope during the fourth quarter valued at about $27,000. National Bank of Canada FI lifted its stake in shares of CommScope by 109.1% during the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,857 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of CommScope by 826.0% during 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 in the last quarter. Quarry LP lifted its stake in shares of CommScope by 1,005.4% during the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after purchasing an additional 7,380 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of CommScope by 67.6% during 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. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $7.00 price objective on shares of CommScope in a research report on Thursday. Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Morgan Stanley downgraded CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $4.00.

CommScope Trading Up 1.9 %

COMM stock opened at $6.29 on Friday. The stock has a 50-day moving average price of $5.27 and a two-hundred day moving average price of $5.27. CommScope has a 12-month low of $0.86 and a 12-month high of $7.19. The company has a market cap of $1.36 billion, a PE ratio of -1.42, a price-to-earnings-growth ratio of 0.41 and a beta of 1.90.

About CommScope

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.