Future Financial Wealth Managment LLC Takes $31,000 Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Future Financial Wealth Managment LLC acquired a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,000 shares of the communications equipment provider’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COMM. Quadrature Capital Ltd acquired a new position in shares of CommScope in the 4th quarter valued at about $198,000. Allspring Global Investments Holdings LLC increased its position in CommScope by 5,083.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,708 shares of the communications equipment provider’s stock valued at $34,000 after buying an additional 25,212 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in CommScope in the 1st quarter valued at about $126,000. BNP Paribas Financial Markets increased its position in CommScope by 31.9% in the 1st quarter. BNP Paribas Financial Markets now owns 454,165 shares of the communications equipment provider’s stock valued at $595,000 after buying an additional 109,753 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in CommScope in the 1st quarter valued at about $369,000. 88.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CommScope Stock Performance

Shares of COMM opened at $6.05 on Friday. The stock has a 50 day moving average price of $4.60 and a two-hundred day moving average price of $2.45. The firm has a market capitalization of $1.28 billion, a P/E ratio of -0.68, a P/E/G ratio of 0.28 and a beta of 2.10. CommScope Holding Company, Inc. has a 52 week low of $0.86 and a 52 week high of $6.75.

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