35,038 Shares in CommScope Holding Company, Inc. $COMM Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC acquired a new position in CommScope Holding Company, Inc. (NASDAQ:COMM) in the third quarter, Holdings Channel reports. The fund acquired 35,038 shares of the communications equipment provider’s stock, valued at approximately $542,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of CommScope by 244.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,498,510 shares of the communications equipment provider’s stock worth $50,437,000 after buying an additional 6,743,929 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of CommScope by 187.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,536,131 shares of the communications equipment provider’s stock valued at $70,219,000 after acquiring an additional 2,957,053 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in CommScope during the third quarter worth $40,417,000. Allspring Global Investments Holdings LLC lifted its holdings in CommScope by 3,577.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,204,849 shares of the communications equipment provider’s stock worth $35,256,000 after acquiring an additional 2,144,901 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in CommScope in the second quarter worth $13,842,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded CommScope from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Bank of America raised their price objective on shares of CommScope from $20.00 to $23.50 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of CommScope in a research note on Wednesday, October 8th. Zacks Research downgraded shares of CommScope from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Northland Securities set a $25.00 price target on shares of CommScope in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.17.

CommScope Stock Up 0.5%

Shares of NASDAQ:COMM opened at $17.78 on Friday. The firm has a market capitalization of $3.94 billion, a PE ratio of 5.42, a P/E/G ratio of 0.77 and a beta of 2.39. The company has a 50-day moving average price of $18.15 and a two-hundred day moving average price of $14.95. CommScope Holding Company, Inc. has a twelve month low of $2.94 and a twelve month high of $20.55.

About CommScope

CommScope Holdings, Inc is a global provider of network infrastructure solutions that enable the seamless transmission of voice, video and data across wired and wireless networks. The company designs, manufactures and delivers a broad portfolio of cable, connectivity and networking products, including fiber-optic and coaxial cables, modular connectivity systems, antennas, small cells and distributed antenna systems (DAS). CommScope’s offerings support the growing demands of telecommunications service providers, cable operators, enterprise customers and data center operators that require scalable, high-performance solutions.

Serving customers in more than 150 countries, CommScope’s product lines span the full network lifecycle from planning and design through installation and maintenance.