New York State Teachers Retirement System raised its position in CommScope Holding Company, Inc. (NASDAQ:COMM) by 49.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,900 shares of the communications equipment provider’s stock after buying an additional 5,600 shares during the quarter. New York State Teachers Retirement System’s holdings in CommScope Holding were worth $561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of CommScope Holding by 2.1% in the first 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 during the period. Morgan Stanley increased its holdings in shares of CommScope Holding by 1.9% in the first 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 during the period. State Street Corp increased its holdings in shares of CommScope Holding by 5.0% in the first 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 during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of CommScope Holding by 6.3% in the first 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 during the period. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of CommScope Holding in the second quarter valued at approximately $1,211,000. Institutional investors own 99.22% of the company’s stock.

CommScope Holding Company, Inc. (NASDAQ COMM) opened at $33.84 on Wednesday. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93. The firm has a market capitalization of $6,474.46, a price-to-earnings ratio of 15.71, a P/E/G ratio of 2.65 and a beta of 1.16. CommScope Holding Company, Inc. has a twelve month low of $30.95 and a twelve month high of $42.75.

CommScope Holding (NASDAQ:COMM) last posted its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.81 earnings per share. analysts expect that CommScope Holding Company, Inc. will post 2.01 EPS for the current fiscal year.

CommScope Holding announced that its board has approved a share buyback program 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 purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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A number of research analysts have recently issued reports on COMM shares. Morgan Stanley raised CommScope Holding from an “equal weight” rating to an “overweight” rating and set a $38.00 target price on the stock in a report on Thursday, August 17th. Cross Research lowered CommScope Holding from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Northland Securities reissued a “hold” rating and issued a $30.00 target price on shares of CommScope Holding in a report on Thursday, August 3rd. Citigroup Inc. boosted their target price on CommScope Holding from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, BidaskClub lowered CommScope Holding from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. CommScope Holding presently has a consensus rating of “Buy” and an average target price 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.

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

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