Emory University cut its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 1.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,320 shares of the communications equipment provider’s stock after selling 552 shares during the period. Emory University’s holdings in CommScope Holding were worth $1,571,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of CommScope Holding by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 15,659,544 shares of the communications equipment provider’s stock valued at $653,159,000 after acquiring an additional 920,612 shares during the period. BlackRock Inc. grew its position in shares of CommScope Holding by 13,901.6% during the 1st quarter. BlackRock Inc. now owns 12,836,653 shares of the communications equipment provider’s stock valued at $535,417,000 after acquiring an additional 12,744,973 shares during the period. FMR LLC grew its position in shares of CommScope Holding by 10.1% during the 1st quarter. FMR LLC now owns 10,577,696 shares of the communications equipment provider’s stock valued at $441,196,000 after acquiring an additional 970,424 shares during the period. Wellington Management Group LLP grew its position in shares of CommScope Holding by 70.1% during the 1st quarter. Wellington Management Group LLP now owns 9,147,906 shares of the communications equipment provider’s stock valued at $381,560,000 after acquiring an additional 3,770,507 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of CommScope Holding by 54.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,307,534 shares of the communications equipment provider’s stock valued at $315,936,000 after acquiring an additional 2,930,632 shares during the period.

In other CommScope Holding news, Director Timothy T. Yates purchased 5,000 shares of CommScope Holding stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $32.62 per share, with a total value of $163,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Claudius E. Iv Watts purchased 15,000 shares of CommScope Holding stock in a transaction on Monday, August 7th. The stock was acquired at an average cost of $32.87 per share, for a total transaction of $493,050.00. The disclosure for this purchase can be found here. 3.33% of the stock is owned by corporate insiders.

WARNING: “Emory University Has $1.57 Million Stake in CommScope Holding Company, Inc. (COMM)” was first posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.dailypolitical.com/2017/09/14/emory-university-has-1-57-million-stake-in-commscope-holding-company-inc-comm.html.

CommScope Holding Company, Inc. (NASDAQ COMM) traded down 0.87% on Thursday, reaching $33.20. 465,641 shares of the company’s stock were exchanged. CommScope Holding Company, Inc. has a 12-month low of $29.35 and a 12-month high of $42.75. The company has a market cap of $6.41 billion, a P/E ratio of 27.71 and a beta of 1.19. The firm has a 50 day moving average of $33.59 and a 200-day moving average of $37.31.

CommScope Holding (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.05). CommScope Holding had a net margin of 4.96% and a return on equity of 33.38%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. Equities analysts expect that CommScope Holding Company, Inc. will post $2.22 EPS for the current fiscal year.

CommScope Holding declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 3rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

A number of research firms have recently commented on COMM. Barclays PLC cut CommScope Holding from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $41.00 to $36.00 in a research report on Friday, August 4th. TheStreet upgraded CommScope Holding from a “c+” rating to a “b” rating in a research report on Tuesday, August 8th. Northland Securities restated a “hold” rating and set a $28.00 target price on shares of CommScope Holding in a research report on Thursday, August 10th. Morgan Stanley upgraded CommScope Holding from an “equal weight” rating to an “overweight” rating and set a $38.00 target price on the stock in a research report on Thursday, August 17th. Finally, Jefferies Group LLC restated a “buy” rating and set a $43.00 target price on shares of CommScope Holding in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $41.73.

About CommScope Holding

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

Want to see what other hedge funds are holding COMM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommScope Holding Company, Inc. (NASDAQ:COMM).

Institutional Ownership by Quarter for CommScope Holding (NASDAQ:COMM)

Receive News & Ratings for CommScope Holding Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommScope Holding Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.