1 week Ago By Defense World Staff
Legal & General Group Plc boosted its position in shares of CommScope Holding Company, Inc. ( NASDAQ:COMM – Free Report ) by 986.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 204,549 shares of the communications equipment provider’s stock after acquiring an additional 185,716 shares during the period. Legal & General Group Plc owned 0.09% of CommScope worth $1,066,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Diversified Trust Co increased its stake in CommScope by 11.1% during the 4th quarter.
Diversified Trust Co now owns 48,405 shares of the communications equipment provider’s stock valued at $252,000 after purchasing an additional 4,827 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in CommScope in the 4th quarter worth $27,000. Inspire Investing LLC lifted its position in CommScope by 15.
0% during the 4th quarter. Inspire Investing LLC now owns 77,276 shares of the communications equipment provider’s stock worth $403,000 after acquiring an additional 10,089 shares during the period. Sciencast Management LP purchased a new stake in CommScope during the 4th quarter valued at about $56,000.
Finally, Ballentine Partners LLC purchased a new position in shares of CommScope in the fourth quarter worth about $58,000. 88.04% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of research analysts recently issued reports on COMM shares. Raymond James downgraded shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. JPMorgan Chase & Co.
raised CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a report on Tuesday, January 14th. StockNews.
com raised CommScope from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $7.00 price objective on shares of CommScope in a research report on Thursday, February 27th.
Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.75.
CommScope Price Performance NASDAQ COMM opened at $3.91 on Monday. CommScope Holding Company, Inc.
has a 12 month low of $0.86 and a 12 month high of $7.19.
The stock has a market capitalization of $846.75 million, a P/E ratio of -0.88, a PEG ratio of 0.
41 and a beta of 1.98. The firm’s 50-day moving average is $4.
73 and its two-hundred day moving average is $5.16. About CommScope ( Free Report ) 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. Read More Five stocks we like better than CommScope Business Services Stocks Investing Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors What Are the U.K.
Market Holidays? How to Invest and Trade Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Want to see what other hedge funds are holding COMM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CommScope Holding Company, Inc. ( NASDAQ:COMM – Free Report ).
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