CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Sold by Virtu Financial LLC

Virtu Financial LLC cut its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 29.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,917 shares of the communications equipment provider’s stock after selling 5,264 shares during the quarter. Virtu Financial LLC’s holdings in CommScope were worth $67,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of Montreal Can bought a new position in shares of CommScope in the 3rd quarter worth about $7,023,000. Two Sigma Advisers LP boosted its stake in CommScope by 29.3% in the third quarter. Two Sigma Advisers LP now owns 4,303,800 shares of the communications equipment provider’s stock valued at $26,296,000 after acquiring an additional 975,200 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of CommScope by 151.9% during the third quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider’s stock valued at $5,500,000 after purchasing an additional 542,794 shares during the last quarter. Swiss National Bank acquired a new stake in shares of CommScope during the 4th quarter worth approximately $2,212,000. Finally, State Street Corp lifted its holdings in shares of CommScope by 9.2% in the 3rd quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider’s stock worth $28,034,000 after purchasing an additional 387,466 shares during the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

CommScope Trading Down 1.1 %

Shares of NASDAQ:COMM opened at $5.31 on Tuesday. The firm has a market cap of $1.15 billion, a P/E ratio of -1.20, a P/E/G ratio of 0.41 and a beta of 1.89. CommScope Holding Company, Inc. has a twelve month low of $0.86 and a twelve month high of $7.19. The company has a 50 day moving average of $5.33 and a 200-day moving average of $5.50.

Wall Street Analyst Weigh In

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

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.