Landscape Capital Management L.L.C. Purchases New Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Landscape Capital Management L.L.C. purchased a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,924 shares of the communications equipment provider’s stock, valued at approximately $152,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COMM. Future Financial Wealth Managment LLC bought a new stake in shares of CommScope in the 3rd quarter valued at approximately $31,000. Belvedere Trading LLC bought a new stake in shares of CommScope in the 3rd quarter valued at approximately $68,000. Creative Planning bought a new stake in shares of CommScope in the 3rd quarter valued at approximately $73,000. Hanseatic Management Services Inc. bought a new stake in shares of CommScope in the 3rd quarter valued at approximately $76,000. Finally, Fore Capital LLC lifted its stake in shares of CommScope by 36.5% in the 2nd quarter. Fore Capital LLC now owns 74,841 shares of the communications equipment provider’s stock valued at $92,000 after purchasing an additional 20,000 shares during the last quarter. 88.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COMM has been the subject of several analyst reports. Northland Securities raised their price objective on CommScope from $1.25 to $2.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. Morgan Stanley raised their price objective on CommScope from $2.70 to $5.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. StockNews.com upgraded CommScope from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on CommScope from $1.25 to $2.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, CommScope has an average rating of “Hold” and a consensus target price of $2.50.

CommScope Stock Performance

Shares of NASDAQ COMM opened at $5.09 on Tuesday. The business’s 50 day moving average price is $5.78 and its 200-day moving average price is $3.51. CommScope Holding Company, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -1.15 and a beta of 2.09.

CommScope (NASDAQ:COMM) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.38). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.42 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. Sell-side analysts predict that CommScope Holding Company, Inc. will post -0.77 earnings per share 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.