Jones Financial Companies Lllp Invests $60,000 in CommScope Holding Company, Inc. (NASDAQ:COMM)

Jones Financial Companies Lllp purchased a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,560 shares of the communications equipment provider’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Mill Creek Capital Advisors LLC bought a new stake in CommScope in the 3rd quarter valued at $416,000. Thompson Davis & CO. Inc. bought a new stake in CommScope in the 3rd quarter valued at $215,000. Intech Investment Management LLC bought a new stake in CommScope in the 3rd quarter valued at $302,000. Landscape Capital Management L.L.C. bought a new stake in CommScope in the 3rd quarter valued at $152,000. Finally, Alpha DNA Investment Management LLC bought a new stake in CommScope in the 3rd quarter valued at $409,000. 88.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

COMM has been the topic of several research reports. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research report on Tuesday, January 14th. Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $7.00 price target on shares of CommScope in a research note on Thursday, February 27th. Morgan Stanley lowered shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research note on Tuesday, December 17th. Finally, StockNews.com upgraded shares of CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.75.

CommScope Trading Up 3.6 %

Shares of COMM stock opened at $5.25 on Tuesday. CommScope Holding Company, Inc. has a 1 year low of $0.86 and a 1 year high of $7.19. The firm’s fifty day moving average price is $5.26 and its two-hundred day moving average price is $5.41. The firm has a market capitalization of $1.14 billion, a P/E ratio of -1.19, a PEG ratio of 0.41 and a beta of 1.89.

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.