Hsbc Holdings PLC lifted its position in shares of Commscope Holding Company Inc (NASDAQ:COMM) by 42.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,505 shares of the communications equipment provider’s stock after purchasing an additional 15,525 shares during the period. Hsbc Holdings PLC’s holdings in Commscope were worth $860,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its stake in Commscope by 233.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 10,337 shares of the communications equipment provider’s stock worth $319,000 after purchasing an additional 7,239 shares during the period. Comerica Bank raised its stake in shares of Commscope by 346.4% in the third quarter. Comerica Bank now owns 35,785 shares of the communications equipment provider’s stock valued at $916,000 after acquiring an additional 27,769 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Commscope by 1.6% in the third quarter. Wells Fargo & Company MN now owns 508,976 shares of the communications equipment provider’s stock valued at $15,656,000 after acquiring an additional 8,178 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Commscope in the third quarter valued at approximately $518,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Commscope by 3.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 624,012 shares of the communications equipment provider’s stock valued at $19,195,000 after acquiring an additional 19,231 shares during the last quarter. Institutional investors own 99.82% of the company’s stock.

In other news, Director Frank M. Drendel sold 280,143 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $23.61, for a total value of $6,614,176.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Peter U. Karlsson sold 6,517 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $22.63, for a total transaction of $147,479.71. The disclosure for this sale can be found here. 3.35% of the stock is owned by insiders.

A number of research analysts have recently issued reports on COMM shares. Jefferies Financial Group upgraded shares of Commscope from a “hold” rating to a “buy” rating and set a $18.20 target price for the company in a research note on Sunday, December 2nd. BidaskClub lowered shares of Commscope from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Rosenblatt Securities reissued a “hold” rating and issued a $24.00 price target on shares of Commscope in a report on Friday, February 22nd. Credit Suisse Group set a $20.00 price target on shares of Commscope and gave the company a “neutral” rating in a report on Thursday, December 20th. Finally, ValuEngine raised shares of Commscope from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $29.43.

COMM opened at $21.24 on Monday. The company has a debt-to-equity ratio of 2.27, a current ratio of 2.72 and a quick ratio of 2.03. Commscope Holding Company Inc has a 52 week low of $15.09 and a 52 week high of $41.60. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 2.64 and a beta of 1.16.

Commscope (NASDAQ:COMM) last released its earnings results on Thursday, February 21st. The communications equipment provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. Commscope had a net margin of 3.07% and a return on equity of 23.55%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities analysts expect that Commscope Holding Company Inc will post 2.02 EPS for the current year.

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Commscope Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

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Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

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