Dimensional Fund Advisors LP increased its holdings in shares of Commscope Holding Company Inc (NASDAQ:COMM) by 13.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,165,861 shares of the communications equipment provider’s stock after acquiring an additional 136,301 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Commscope were worth $38,715,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Commscope by 29.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,736,824 shares of the communications equipment provider’s stock worth $350,236,000 after purchasing an additional 2,429,290 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Commscope by 5.9% during the 3rd quarter. Legal & General Group Plc now owns 263,645 shares of the communications equipment provider’s stock worth $8,753,000 after purchasing an additional 14,734 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Commscope by 1.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 426,243 shares of the communications equipment provider’s stock worth $14,270,000 after purchasing an additional 4,088 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Commscope by 10.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,136,600 shares of the communications equipment provider’s stock worth $37,746,000 after purchasing an additional 105,800 shares during the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Commscope during the 3rd quarter worth about $598,000.

In other news, Director Frank M. Drendel sold 5,284 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $38.01, for a total value of $200,844.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Marvin S. Edwards, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $38.66, for a total value of $1,933,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,284 shares of company stock valued at $6,807,245. Insiders own 3.33% of the company’s stock.

COMM has been the subject of several research analyst reports. BidaskClub cut Commscope from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 20th. Jefferies Group reissued a “buy” rating and set a $40.00 price objective on shares of Commscope in a research report on Wednesday, September 20th. Citigroup boosted their price objective on Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised Commscope from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Thursday, October 19th. Finally, ValuEngine raised Commscope from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $40.80.

Commscope Holding Company Inc (COMM) opened at $38.84 on Friday. 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 $7,410.00, a P/E ratio of 39.23, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. Commscope Holding Company Inc has a twelve month low of $30.95 and a twelve month high of $42.75.

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

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Commscope 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.

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Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

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