186,448 Shares in CommScope Holding Company, Inc. (NASDAQ:COMM) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in CommScope Holding Company, Inc. (NASDAQ:COMM) during the 3rd quarter, Holdings Channel reports. The fund bought 186,448 shares of the communications equipment provider’s stock, valued at approximately $1,139,000.

Several other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of CommScope by 5,083.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,708 shares of the communications equipment provider’s stock worth $34,000 after purchasing an additional 25,212 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CommScope during the 1st quarter valued at about $126,000. BNP Paribas Financial Markets boosted its position in shares of CommScope by 31.9% during the 1st quarter. BNP Paribas Financial Markets now owns 454,165 shares of the communications equipment provider’s stock valued at $595,000 after acquiring an additional 109,753 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in CommScope in the first quarter valued at about $369,000. Finally, Headlands Technologies LLC boosted its position in CommScope by 357.9% in the first quarter. Headlands Technologies LLC now owns 23,953 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 18,722 shares in the last quarter. Institutional investors own 88.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on COMM shares. StockNews.com upgraded shares of CommScope from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of CommScope from $1.25 to $2.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Finally, Northland Securities upped their target price on shares of CommScope from $1.25 to $2.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1.75.

CommScope Stock Performance

CommScope stock traded up $0.23 during mid-day trading on Monday, reaching $6.45. The company’s stock had a trading volume of 72,826 shares, compared to its average volume of 4,042,725. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -0.70, a price-to-earnings-growth ratio of 0.28 and a beta of 2.10. CommScope Holding Company, Inc. has a 12 month low of $0.86 and a 12 month high of $6.75. The business’s 50 day simple moving average is $5.35 and its 200 day simple moving average is $2.86.

CommScope (NASDAQ:COMM) last released its earnings results on Thursday, August 8th. The communications equipment provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.23 billion. CommScope had a negative net margin of 31.24% and a negative return on equity of 3.08%. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. As a group, sell-side analysts expect that CommScope Holding Company, Inc. will post 0.91 EPS 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.