CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Purchased by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. grew its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 270.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 273,927 shares of the communications equipment provider’s stock after acquiring an additional 200,000 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in CommScope were worth $772,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Symphony Financial Ltd. Co. acquired a new position in shares of CommScope during the fourth quarter valued at $28,000. Blair William & Co. IL bought a new stake in shares of CommScope during the 3rd quarter worth about $40,000. Advisor Resource Council acquired a new stake in shares of CommScope in the 4th quarter worth approximately $48,000. Mackenzie Financial Corp boosted its holdings in shares of CommScope by 55.3% in the fourth quarter. Mackenzie Financial Corp now owns 19,514 shares of the communications equipment provider’s stock valued at $55,000 after acquiring an additional 6,949 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of CommScope in the third quarter valued at approximately $59,000. Institutional investors own 88.04% of the company’s stock.

CommScope Stock Performance

Shares of NASDAQ COMM traded down $0.06 during mid-day trading on Friday, reaching $0.99. The company had a trading volume of 3,780,980 shares, compared to its average volume of 3,234,363. CommScope Holding Company, Inc. has a 1-year low of $0.86 and a 1-year high of $6.65. The company has a 50-day moving average price of $1.23 and a two-hundred day moving average price of $1.86.

CommScope (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). CommScope had a negative return on equity of 7.18% and a negative net margin of 21.64%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.53 billion. As a group, sell-side analysts forecast that CommScope Holding Company, Inc. will post -0.48 earnings per share for the current fiscal year.

Insider Activity

In other CommScope news, Director L William Krause bought 57,300 shares of CommScope stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of $1.59 per share, for a total transaction of $91,107.00. Following the completion of the acquisition, the director now directly owns 227,873 shares of the company’s stock, valued at $362,318.07. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

COMM has been the subject of a number of research analyst reports. Northland Securities restated a “market perform” rating on shares of CommScope in a research report on Friday, March 1st. StockNews.com lowered CommScope from a “hold” rating to a “sell” rating in a report on Friday, March 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of CommScope in a report on Monday, March 4th. Finally, Bank of America dropped their price target on shares of CommScope from $2.00 to $1.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 13th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.02.

CommScope Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.