US Bancorp DE Has $84,000 Stock Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

US Bancorp DE boosted its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 527.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,067 shares of the communications equipment provider’s stock after acquiring an additional 13,508 shares during the quarter. US Bancorp DE’s holdings in CommScope were worth $84,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI raised its stake in CommScope by 109.1% in the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock valued at $33,000 after acquiring an additional 2,857 shares during the period. Quarry LP raised its position in shares of CommScope by 1,005.4% in the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock valued at $50,000 after purchasing an additional 7,380 shares during the period. Ballentine Partners LLC bought a new stake in shares of CommScope during the 4th quarter worth about $58,000. Versor Investments LP acquired a new position in CommScope in the 4th quarter valued at about $86,000. Finally, Landscape Capital Management L.L.C. bought a new position in CommScope in the 3rd quarter valued at about $152,000. Institutional investors own 88.04% of the company’s stock.

CommScope Stock Performance

Shares of NASDAQ COMM opened at $5.25 on Tuesday. CommScope Holding Company, Inc. has a 52 week low of $0.86 and a 52 week high of $7.19. The stock’s fifty day moving average is $5.26 and its 200 day moving average is $5.41. The stock has a market capitalization of $1.14 billion, a P/E ratio of -1.19, a PEG ratio of 0.41 and a beta of 1.89.

Analysts Set New Price Targets

COMM has been the topic of several research reports. Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. StockNews.com upgraded CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.00 target price on shares of CommScope in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley downgraded shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective for the company. in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.75.

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.