CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in CommScope Holding Company, Inc. (NASDAQ:COMM) by 108.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,033 shares of the communications equipment provider’s stock after acquiring an additional 53,587 shares during the period. Intech Investment Management LLC’s holdings in CommScope were worth $537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COMM. Landscape Capital Management L.L.C. purchased a new stake in shares of CommScope during the third quarter worth approximately $152,000. Alpha DNA Investment Management LLC purchased a new position in CommScope during the 3rd quarter worth $409,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of CommScope in the third quarter valued at about $332,000. Bank of Montreal Can acquired a new position in shares of CommScope during the third quarter worth about $7,023,000. Finally, FMR LLC raised its holdings in CommScope by 3.2% during the third quarter. FMR LLC now owns 903,673 shares of the communications equipment provider’s stock worth $5,521,000 after purchasing an additional 28,155 shares in the last quarter. 88.04% of the stock is owned by hedge funds and other institutional investors.

CommScope Stock Up 3.6 %

Shares of COMM stock opened at $5.80 on Tuesday. The stock has a market cap of $1.26 billion, a P/E ratio of -1.31, a P/E/G ratio of 0.41 and a beta of 1.89. CommScope Holding Company, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The business has a fifty day simple moving average of $5.31 and a 200-day simple moving average of $5.47.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COMM. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. Morgan Stanley lowered CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Tuesday, December 17th. StockNews.com raised CommScope from a “hold” rating to a “buy” rating in a report on Friday, February 28th. 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 note on Tuesday, January 14th. Finally, Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. Two 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’s stock. According to data from MarketBeat, CommScope has an average rating of “Hold” and an average price target 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.