Boston Partners lowered its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 85.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 581,170 shares of the communications equipment provider’s stock after selling 3,327,689 shares during the quarter. Boston Partners owned 0.30% of CommScope Holding worth $19,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in CommScope Holding by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 977,479 shares of the communications equipment provider’s stock valued at $40,772,000 after purchasing an additional 20,248 shares in the last quarter. Morgan Stanley raised its position in CommScope Holding by 1.9% during the 1st quarter. Morgan Stanley now owns 352,872 shares of the communications equipment provider’s stock valued at $14,719,000 after purchasing an additional 6,502 shares in the last quarter. State Street Corp raised its position in CommScope Holding by 5.0% during the 1st quarter. State Street Corp now owns 1,800,438 shares of the communications equipment provider’s stock valued at $75,095,000 after purchasing an additional 84,967 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in 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 valued at $113,000 after purchasing an additional 160 shares in the last quarter. Finally, DnB Asset Management AS bought a new stake in CommScope Holding during the 2nd quarter valued at $550,000. Institutional investors own 99.22% of the company’s stock.

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A number of equities research analysts have weighed in on the company. TheStreet raised CommScope Holding from a “c+” rating to a “b” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating and issued a $40.00 price target (down from $43.00) on shares of CommScope Holding in a research report on Wednesday, August 9th. Citigroup Inc. boosted their price target on CommScope Holding from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Northland Securities reissued a “hold” rating and issued a $28.00 price target on shares of CommScope Holding in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered CommScope Holding from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $40.30.

Shares of CommScope Holding Company, Inc. (NASDAQ COMM) opened at $33.94 on Tuesday. CommScope Holding Company, Inc. has a one year low of $30.95 and a one year high of $42.75. The company has a quick ratio of 2.10, a current ratio of 2.78 and a debt-to-equity ratio of 2.93. The company has a market capitalization of $6,445.85, a PE ratio of 15.64, a PEG ratio of 2.64 and a beta of 1.16.

CommScope Holding (NASDAQ:COMM) last issued its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. CommScope Holding had a return on equity of 29.11% and a net margin of 4.21%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The company’s revenue was down 12.8% compared to the same quarter last year. research analysts expect that CommScope Holding Company, Inc. will post 2.01 EPS for the current fiscal year.

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

CommScope Holding 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.

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

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