Jacobs Levy Equity Management Inc. Has $6.13 Million Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

Jacobs Levy Equity Management Inc. raised its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM) by 10.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,678,037 shares of the communications equipment provider’s stock after acquiring an additional 461,264 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 2.20% of CommScope worth $6,128,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in COMM. Vanguard Group Inc. lifted its stake in CommScope by 8.0% in the third quarter. Vanguard Group Inc. now owns 37,076,845 shares of the communications equipment provider’s stock valued at $124,578,000 after acquiring an additional 2,745,209 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of CommScope by 76.4% in the fourth quarter. SG Americas Securities LLC now owns 50,480 shares of the communications equipment provider’s stock worth $142,000 after buying an additional 21,869 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of CommScope by 14.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 970,716 shares of the communications equipment provider’s stock worth $2,737,000 after buying an additional 124,037 shares during the last quarter. Howland Capital Management LLC lifted its stake in shares of CommScope by 93.7% in the fourth quarter. Howland Capital Management LLC now owns 82,700 shares of the communications equipment provider’s stock worth $233,000 after buying an additional 40,000 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of CommScope by 264.9% in the fourth quarter. International Assets Investment Management LLC now owns 172,161 shares of the communications equipment provider’s stock worth $485,000 after buying an additional 124,986 shares during the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COMM has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of CommScope from $1.25 to $2.00 and gave the stock a “hold” rating in a research note on Tuesday. StockNews.com cut shares of CommScope from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2.75.

CommScope Trading Up 10.0 %

NASDAQ:COMM traded up $0.23 during trading hours on Tuesday, hitting $2.54. 7,693,324 shares of the company traded hands, compared to its average volume of 3,813,414. The stock has a market capitalization of $539.19 million, a price-to-earnings ratio of -0.29 and a beta of 2.09. The firm has a 50-day moving average of $1.41 and a 200 day moving average of $1.50. CommScope Holding Company, Inc. has a twelve month low of $0.86 and a twelve month high of $4.64.

CommScope (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.14. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.04 billion. CommScope had a negative net margin of 30.88% and a negative return on equity of 1.75%. Equities research analysts predict that CommScope Holding Company, Inc. will post -0.17 earnings per share for the current fiscal year.

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.