Cibc World Markets Corp Invests $105,000 in CommScope Holding Company, Inc. (NASDAQ:COMM)

Cibc World Markets Corp purchased a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,090 shares of the communications equipment provider’s stock, valued at approximately $105,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COMM. Swiss National Bank bought a new stake in shares of CommScope in the fourth quarter valued at about $2,212,000. EPIQ Capital Group LLC bought a new stake in CommScope in the 4th quarter valued at about $73,000. Amundi acquired a new position in shares of CommScope during the 4th quarter worth approximately $137,000. Inceptionr LLC bought a new position in shares of CommScope during the fourth quarter worth approximately $97,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of CommScope in the fourth quarter valued at approximately $138,000. 88.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on COMM. Raymond James lowered CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. StockNews.com raised shares of CommScope from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $7.00 price target on shares of CommScope in a report on Thursday, February 27th. JPMorgan Chase & Co. raised CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Tuesday, January 14th. Finally, Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.75.

CommScope Trading Down 1.4 %

Shares of COMM stock opened at $5.54 on Friday. CommScope Holding Company, Inc. has a 1-year low of $0.86 and a 1-year high of $7.19. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -1.25, a PEG ratio of 0.41 and a beta of 1.89. The stock has a 50-day moving average of $5.33 and a 200-day moving average of $5.48.

CommScope Company Profile

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.