SG Americas Securities LLC Acquires 25,855 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

SG Americas Securities LLC increased its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM) by 130.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,650 shares of the communications equipment provider’s stock after buying an additional 25,855 shares during the period. SG Americas Securities LLC’s holdings in CommScope were worth $238,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of CommScope by 19.9% in the second quarter. Millennium Management LLC now owns 5,074,507 shares of the communications equipment provider’s stock worth $6,242,000 after buying an additional 840,742 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in CommScope by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 86,509 shares of the communications equipment provider’s stock worth $106,000 after buying an additional 4,466 shares during the period. Cubist Systematic Strategies LLC bought a new position in CommScope in the 2nd quarter worth $144,000. Future Financial Wealth Managment LLC purchased a new position in shares of CommScope during the 3rd quarter worth approximately $31,000. Finally, Inspire Investing LLC bought a new stake in shares of CommScope during the 3rd quarter valued at $411,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on COMM. JPMorgan Chase & Co. raised CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Tuesday, January 14th. Morgan Stanley downgraded 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 report on Tuesday, December 17th. Finally, Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, CommScope presently has an average rating of “Hold” and a consensus target price of $3.00.

CommScope Stock Performance

NASDAQ COMM opened at $5.13 on Friday. The stock has a 50 day moving average price of $5.33 and a 200-day moving average price of $4.95. CommScope Holding Company, Inc. has a one year low of $0.86 and a one year high of $7.19. The company has a market capitalization of $1.11 billion, a P/E ratio of -1.16, a P/E/G ratio of 0.58 and a beta of 1.90.

CommScope (NASDAQ:COMM) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.38). CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that CommScope Holding Company, Inc. will post -0.85 EPS 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.