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

Geode Capital Management LLC boosted its position in CommScope Holding Company, Inc. (NASDAQ:COMM) by 0.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,126,442 shares of the communications equipment provider’s stock after purchasing an additional 14,576 shares during the quarter. Geode Capital Management LLC’s holdings in CommScope were worth $26,715,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its position in shares of CommScope by 109.1% in the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after acquiring an additional 2,857 shares in the last quarter. Sciencast Management LP acquired a new stake in shares of CommScope during the fourth quarter valued at about $56,000. Ballentine Partners LLC purchased a new stake in CommScope during the 4th quarter worth approximately $58,000. Jones Financial Companies Lllp acquired a new stake in CommScope in the fourth quarter valued at $60,000. Finally, EPIQ Capital Group LLC acquired a new stake in CommScope during the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on COMM shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.00 target price on shares of CommScope in a 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 target price on the stock in a research note on Tuesday, January 14th. Raymond James lowered CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, StockNews.com raised CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Two equities 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.75.

CommScope Stock Performance

COMM stock opened at $3.33 on Friday. The firm has a 50 day simple moving average of $4.92 and a 200 day simple moving average of $5.28. The stock has a market cap of $721.15 million, a P/E ratio of -0.75, a P/E/G ratio of 0.41 and a beta of 1.98. CommScope Holding Company, Inc. has a 52 week low of $0.86 and a 52 week high of $7.19.

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.