CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 264.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,161 shares of the communications equipment provider’s stock after purchasing an additional 124,986 shares during the quarter. International Assets Investment Management LLC owned 0.08% of CommScope worth $485,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. New York State Common Retirement Fund increased its position in shares of CommScope by 14.6% during the 3rd quarter. New York State Common Retirement Fund now owns 73,992 shares of the communications equipment provider’s stock worth $249,000 after purchasing an additional 9,432 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new stake in shares of CommScope during the 4th quarter worth about $28,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CommScope by 30.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,272 shares of the communications equipment provider’s stock worth $149,000 after purchasing an additional 10,261 shares during the last quarter. Blair William & Co. IL purchased a new position in CommScope during the 3rd quarter valued at about $40,000. Finally, Advisor Resource Council purchased a new position in CommScope during the 4th quarter valued at about $48,000. 88.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other CommScope news, Director L William Krause bought 57,300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of $1.59 per share, for a total transaction of $91,107.00. Following the completion of the purchase, the director now directly owns 227,873 shares in the company, valued at $362,318.07. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by company insiders.

CommScope Stock Performance

Shares of COMM opened at $0.91 on Friday. The stock has a 50-day simple moving average of $1.35 and a 200-day simple moving average of $1.92. The stock has a market capitalization of $194.14 million, a PE ratio of -0.13 and a beta of 1.98. CommScope Holding Company, Inc. has a 1 year low of $0.86 and a 1 year high of $6.65.

CommScope (NASDAQ:COMM) last announced its quarterly earnings data on Thursday, February 29th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.53 billion. CommScope had a negative net margin of 21.64% and a negative return on equity of 7.18%. Analysts predict that CommScope Holding Company, Inc. will post -0.29 EPS for the current year.

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.