APG Asset Management N.V. bought a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,500 shares of the communications equipment provider’s stock, valued at approximately $1,943,000.

Other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its holdings in shares of CommScope Holding by 6.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,690 shares of the communications equipment provider’s stock worth $113,000 after buying an additional 160 shares in the last quarter. LS Investment Advisors LLC bought a new position in shares of CommScope Holding during the 2nd quarter worth approximately $114,000. Krilogy Financial LLC boosted its holdings in shares of CommScope Holding by 5.7% during the 2nd quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 170 shares in the last quarter. Financial Architects Inc boosted its holdings in shares of CommScope Holding by 9.8% during the 2nd quarter. Financial Architects Inc now owns 3,603 shares of the communications equipment provider’s stock worth $137,000 after buying an additional 322 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in shares of CommScope Holding by 76.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,770 shares of the communications equipment provider’s stock worth $181,000 after buying an additional 2,064 shares in the last quarter.

ILLEGAL ACTIVITY WARNING: “APG Asset Management N.V. Invests $1.94 Million in CommScope Holding Company, Inc. (COMM) Stock” was first published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/11/08/apg-asset-management-n-v-invests-1-94-million-in-commscope-holding-company-inc-comm-stock.html.

Shares of CommScope Holding Company, Inc. (NASDAQ COMM) opened at $33.91 on Wednesday. The company has a market capitalization of $6,638.52, a price-to-earnings ratio of 16.11, a P/E/G ratio of 2.70 and a beta of 1.16. CommScope Holding Company, Inc. has a 12-month low of $30.95 and a 12-month high of $42.75. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10.

CommScope Holding (NASDAQ:COMM) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. CommScope Holding had a return on equity of 29.11% and a net margin of 4.21%. CommScope Holding’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. equities analysts anticipate that CommScope Holding Company, Inc. will post 2.02 earnings per share for the current fiscal year.

CommScope Holding announced that its board has approved a share repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the communications equipment provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

A number of equities analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $43.00 target price on shares of CommScope Holding in a report on Friday, July 14th. BidaskClub cut CommScope Holding from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Northland Securities reiterated a “hold” rating and issued a $30.00 target price on shares of CommScope Holding in a report on Thursday, August 3rd. Zacks Investment Research cut CommScope Holding from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Barclays PLC cut CommScope Holding from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $41.00 to $36.00 in a report on Friday, August 4th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. CommScope Holding presently has a consensus rating of “Buy” and an average price target of $40.30.

CommScope Holding Company Profile

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.