Creative Planning Purchases New Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

Creative Planning acquired a new position in CommScope Holding Company, Inc. (NASDAQ:COMM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,919 shares of the communications equipment provider’s stock, valued at approximately $73,000.

Several other large investors have also modified their holdings of COMM. The Manufacturers Life Insurance Company grew its holdings in CommScope by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 86,509 shares of the communications equipment provider’s stock worth $106,000 after acquiring an additional 4,466 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of CommScope during the third quarter valued at approximately $31,000. SummerHaven Investment Management LLC increased its holdings in CommScope by 10.4% during the second quarter. SummerHaven Investment Management LLC now owns 128,079 shares of the communications equipment provider’s stock valued at $158,000 after buying an additional 12,017 shares during the period. Headlands Technologies LLC raised its stake in CommScope by 357.9% in the first quarter. Headlands Technologies LLC now owns 23,953 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 18,722 shares in the last quarter. Finally, Fore Capital LLC lifted its holdings in CommScope by 36.5% during the second quarter. Fore Capital LLC now owns 74,841 shares of the communications equipment provider’s stock worth $92,000 after buying an additional 20,000 shares during the period. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised CommScope from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Northland Securities boosted their target price on shares of CommScope from $1.25 to $2.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Morgan Stanley raised their price target on shares of CommScope from $2.70 to $5.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of CommScope from $1.25 to $2.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2.50.

CommScope Stock Down 1.4 %

Shares of CommScope stock opened at $4.68 on Wednesday. The firm has a market capitalization of $1.01 billion, a P/E ratio of -1.07, a PEG ratio of 0.21 and a beta of 2.09. CommScope Holding Company, Inc. has a 52 week low of $0.86 and a 52 week high of $7.19. The company has a 50 day moving average price of $5.81 and a 200 day moving average price of $3.27.

CommScope (NASDAQ:COMM) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.38). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.42 billion. CommScope had a negative return on equity of 1.02% and a negative net margin of 18.10%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. As a group, research analysts anticipate that CommScope Holding Company, Inc. will post 0.91 earnings per share for the current fiscal year.

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.