Charles Schwab Investment Management Inc. Sells 1,284,227 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Charles Schwab Investment Management Inc. decreased its position in CommScope Holding Company, Inc. (NASDAQ:COMM) by 28.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,273,875 shares of the communications equipment provider’s stock after selling 1,284,227 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.52% of CommScope worth $17,057,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of COMM. National Bank of Canada FI grew its holdings in CommScope by 109.1% in the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 2,857 shares during the last quarter. Quarry LP grew its stake in shares of CommScope by 1,005.4% in the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after acquiring an additional 7,380 shares during the last quarter. Ballentine Partners LLC acquired a new position in CommScope during the 4th quarter valued at $58,000. Jones Financial Companies Lllp bought a new stake in CommScope in the 4th quarter valued at $60,000. Finally, US Bancorp DE grew its position in CommScope by 527.9% in the 4th quarter. US Bancorp DE now owns 16,067 shares of the communications equipment provider’s stock worth $84,000 after purchasing an additional 13,508 shares during the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CommScope Price Performance

CommScope stock opened at $5.49 on Friday. CommScope Holding Company, Inc. has a 52-week low of $0.86 and a 52-week high of $7.19. The stock has a fifty day moving average price of $5.28 and a two-hundred day moving average price of $5.42. The firm has a market capitalization of $1.19 billion, a P/E ratio of -1.24, a P/E/G ratio of 0.41 and a beta of 1.89.

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.