CommScope (NASDAQ:COMM) Stock Price Down 3.5% – Should You Sell?

CommScope Holding Company, Inc. (NASDAQ:COMM)’s share price dropped 3.5% during trading on Friday . The company traded as low as $5.69 and last traded at $5.66. Approximately 142,159 shares traded hands during trading, a decline of 96% from the average daily volume of 3,684,369 shares. The stock had previously closed at $5.86.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a 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 research note on Tuesday, January 14th. Finally, Morgan Stanley downgraded CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research report on Tuesday, December 17th. Three 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, the company currently has an average rating of “Hold” and an average price target of $3.00.

CommScope Price Performance

The firm has a fifty day moving average price of $5.26 and a two-hundred day moving average price of $4.71. The stock has a market capitalization of $1.21 billion, a PE ratio of -1.27, a P/E/G ratio of 0.67 and a beta of 1.92.

CommScope (NASDAQ:COMM) last released its earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.38). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.42 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. On average, research analysts expect that CommScope Holding Company, Inc. will post -0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AA Financial Advisors LLC lifted its holdings in shares of CommScope by 5.8% in the 4th quarter. AA Financial Advisors LLC now owns 543,660 shares of the communications equipment provider’s stock worth $2,832,000 after buying an additional 30,000 shares during the period. Inspire Investing LLC boosted its stake in shares of CommScope by 15.0% during the fourth quarter. Inspire Investing LLC now owns 77,276 shares of the communications equipment provider’s stock valued at $403,000 after purchasing an additional 10,089 shares in the last quarter. SG Americas Securities LLC increased its holdings in CommScope by 130.6% during the fourth quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider’s stock valued at $238,000 after buying an additional 25,855 shares during the period. Ballentine Partners LLC bought a new position in CommScope in the fourth quarter worth approximately $58,000. Finally, Diversified Trust Co lifted its holdings in CommScope by 11.1% during the fourth quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider’s stock worth $252,000 after buying an additional 4,827 shares during the period. Institutional investors own 88.04% of the company’s stock.

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.