CommScope (NASDAQ:COMM) Shares Down 7.4% – Should You Sell?

CommScope Holding Company, Inc. (NASDAQ:COMM)’s share price dropped 7.4% during mid-day trading on Monday . The company traded as low as $3.12 and last traded at $3.09. Approximately 248,015 shares changed hands during trading, a decline of 95% from the average daily volume of 4,873,063 shares. The stock had previously closed at $3.33.

Analyst Ratings Changes

COMM has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research note on Tuesday, January 14th. Finally, StockNews.com upgraded CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, CommScope currently has an average rating of “Hold” and an average price target of $4.75.

CommScope Trading Down 10.2 %

The company has a market capitalization of $647.52 million, a price-to-earnings ratio of -0.68, a P/E/G ratio of 0.41 and a beta of 1.98. The firm has a 50-day simple moving average of $4.89 and a two-hundred day simple moving average of $5.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of COMM. Aster Capital Management DIFC Ltd purchased a new position in shares of CommScope during the 4th quarter valued at approximately $27,000. Sterling Capital Management LLC increased its holdings in CommScope by 826.0% in the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 6,030 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of CommScope by 67.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 4,026 shares in the last quarter. Sciencast Management LP acquired a new stake in CommScope in the fourth quarter valued at approximately $56,000. Finally, Ballentine Partners LLC purchased a new stake in CommScope in the 4th quarter worth $58,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

About CommScope

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.