CommScope Holding Co. (NASDAQ:COMM) shares were down 6.6% on Thursday . The stock traded as low as $28.84 and last traded at $29.72, with a volume of 3,711,638 shares. The stock had previously closed at $31.82.

Several research analysts recently weighed in on COMM shares. BTIG Research started coverage on shares of CommScope Holding in a report on Friday, June 17th. They issued a “buy” rating and a $41.00 target price for the company. Credit Agricole SA started coverage on shares of CommScope Holding in a report on Wednesday, June 15th. They issued a “buy” rating and a $40.00 target price for the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of CommScope Holding in a report on Wednesday, June 15th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of CommScope Holding in a report on Sunday, May 22nd. Finally, Drexel Hamilton reaffirmed a “buy” rating on shares of CommScope Holding in a report on Tuesday, May 17th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. CommScope Holding presently has an average rating of “Buy” and a consensus price target of $33.92.

The stock’s 50 day moving average is $31.42 and its 200 day moving average is $27.74. The firm’s market cap is $5.75 billion.

CommScope Holding (NASDAQ:COMM) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.05. During the same quarter in the prior year, the business posted $0.49 EPS. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. The firm’s quarterly revenue was up 50.7% compared to the same quarter last year. On average, equities analysts anticipate that CommScope Holding Co. will post $2.48 earnings per share for the current fiscal year.

In related news, major shareholder Group L.P. Carlyle sold 20,000,000 shares of the firm’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $28.90, for a total transaction of $578,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Randall W. Crenshaw sold 25,000 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $28.75, for a total transaction of $718,750.00. Following the sale, the chief operating officer now owns 76,849 shares in the company, valued at approximately $2,209,408.75. The disclosure for this sale can be found here.

A number of hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System raised its stake in CommScope Holding by 7.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 76,510 shares of the company’s stock valued at $1,981,000 after buying an additional 5,549 shares in the last quarter. Rhumbline Advisers raised its stake in CommScope Holding by 4.7% in the fourth quarter. Rhumbline Advisers now owns 81,602 shares of the company’s stock valued at $2,113,000 after buying an additional 3,675 shares in the last quarter. Foresters Investment Management Company Inc. raised its stake in CommScope Holding by 0.8% in the fourth quarter. Foresters Investment Management Company Inc. now owns 123,000 shares of the company’s stock valued at $3,184,000 after buying an additional 1,000 shares in the last quarter. California Public Employees Retirement System raised its stake in CommScope Holding by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 221,300 shares of the company’s stock valued at $5,729,000 after buying an additional 8,900 shares in the last quarter. Finally, Monarch Partners Asset Management LLC raised its stake in CommScope Holding by 3.9% in the fourth quarter. Monarch Partners Asset Management LLC now owns 238,573 shares of the company’s stock valued at $6,177,000 after buying an additional 9,038 shares in the last quarter.

CommScope Holding Company, Inc is provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company operates through four segments: Wireless, Enterprise, Broadband and Broadband Network Solutions (BNS). Its Wireless segment provides merchant RF wireless network connectivity solutions and cell distributed antenna systems (DAS) solutions to enable carriers’ second generation (2G), third generation (3G) and fourth generation (4G) networks.

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