EPIQ Capital Group LLC Buys New Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

EPIQ Capital Group LLC purchased a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,017 shares of the communications equipment provider’s stock, valued at approximately $73,000.

Other hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI lifted its position in shares of CommScope by 109.1% in the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,857 shares during the period. Quarry LP lifted its holdings in CommScope by 1,005.4% in the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after buying an additional 7,380 shares during the period. Ballentine Partners LLC purchased a new stake in CommScope in the fourth quarter worth about $58,000. Jones Financial Companies Lllp purchased a new position in shares of CommScope during the 4th quarter worth approximately $60,000. Finally, Creative Planning purchased a new position in shares of CommScope during the 3rd quarter worth approximately $73,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

CommScope Price Performance

Shares of CommScope stock opened at $5.30 on Monday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -1.20, a PEG ratio of 0.41 and a beta of 1.89. CommScope Holding Company, Inc. has a 1 year low of $0.86 and a 1 year high of $7.19. The firm’s 50-day moving average is $5.31 and its 200 day moving average is $5.39.

Analysts Set New Price Targets

A number of research firms 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 research report on Tuesday, December 17th. JPMorgan Chase & Co. upgraded shares of 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. StockNews.com raised shares of CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.00.

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.