Staley Capital Advisers Inc. Lowers Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Staley Capital Advisers Inc. decreased its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 571,200 shares of the communications equipment provider’s stock after selling 187,000 shares during the period. Staley Capital Advisers Inc. owned about 0.26% of CommScope worth $2,976,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of COMM. Creative Planning purchased a new position in CommScope during the 3rd quarter worth $73,000. Aigen Investment Management LP purchased a new position in CommScope during the third quarter worth about $352,000. Mill Creek Capital Advisors LLC bought a new stake in CommScope in the 3rd quarter worth about $416,000. Thompson Davis & CO. Inc. bought a new stake in CommScope in the 3rd quarter worth about $215,000. Finally, Intech Investment Management LLC purchased a new stake in CommScope in the 3rd quarter valued at about $302,000. Institutional investors own 88.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on COMM shares. 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 report on Tuesday, January 14th. StockNews.com upgraded CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research note on Tuesday, December 17th. Raymond James lowered shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.00 target price on shares of CommScope in a research report on Thursday, February 27th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, CommScope currently has a consensus rating of “Hold” and an average target price of $4.00.

CommScope Stock Down 12.1 %

Shares of NASDAQ:COMM opened at $4.66 on Tuesday. The company has a 50-day moving average price of $5.29 and a two-hundred day moving average price of $5.39. CommScope Holding Company, Inc. has a twelve month low of $0.86 and a twelve month high of $7.19. The firm has a market capitalization of $1.01 billion, a PE ratio of -1.05, a P/E/G ratio of 0.41 and a beta of 1.89.

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.