CommScope Holding Company, Inc. (NASDAQ:COMM) Stake Lifted by Trexquant Investment LP

Trexquant Investment LP raised its stake in CommScope Holding Company, Inc. (NASDAQ:COMM) by 381.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 799,105 shares of the communications equipment provider’s stock after buying an additional 633,146 shares during the quarter. Trexquant Investment LP owned approximately 0.37% of CommScope worth $4,163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP boosted its stake in CommScope by 29.3% during the 3rd quarter. Two Sigma Advisers LP now owns 4,303,800 shares of the communications equipment provider’s stock valued at $26,296,000 after purchasing an additional 975,200 shares during the period. Vanguard Group Inc. boosted its position in shares of CommScope by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider’s stock worth $118,542,000 after buying an additional 694,363 shares during the period. JPMorgan Chase & Co. grew its holdings in CommScope by 151.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider’s stock worth $5,500,000 after buying an additional 542,794 shares in the last quarter. Swiss National Bank acquired a new stake in CommScope in the 4th quarter valued at approximately $2,212,000. Finally, State Street Corp raised its stake in CommScope by 9.2% during the 3rd quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider’s stock valued at $28,034,000 after acquiring an additional 387,466 shares in the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on COMM. Morgan Stanley lowered CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a report on Tuesday, December 17th. Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. StockNews.com raised shares of CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research report on Tuesday, January 14th. Two investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.75.

CommScope Price Performance

Shares of COMM opened at $3.62 on Friday. CommScope Holding Company, Inc. has a 12-month low of $0.86 and a 12-month high of $7.19. The stock has a market capitalization of $783.95 million, a P/E ratio of -0.82, a P/E/G ratio of 0.41 and a beta of 1.98. The firm’s 50 day moving average is $5.24 and its 200-day moving average is $5.47.

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.