Sciencast Management LP Takes $56,000 Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Sciencast Management LP purchased a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,807 shares of the communications equipment provider’s stock, valued at approximately $56,000.

A number of other hedge funds also recently made changes to their positions in the stock. National Bank of Canada FI raised its holdings in CommScope by 109.1% in the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 2,857 shares during the last quarter. Quarry LP raised its holdings in CommScope by 1,005.4% in the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock valued at $50,000 after buying an additional 7,380 shares during the last quarter. Ballentine Partners LLC bought a new position in CommScope in the 4th quarter valued at approximately $58,000. Jones Financial Companies Lllp bought a new position in CommScope in the 4th quarter valued at approximately $60,000. Finally, EPIQ Capital Group LLC bought a new position in CommScope in the 4th quarter valued at approximately $73,000. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CommScope Stock Performance

CommScope stock opened at $5.60 on Monday. The firm has a 50 day moving average price of $5.29 and a two-hundred day moving average price of $5.46. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -1.27, a PEG ratio of 0.41 and a beta of 1.89. CommScope Holding Company, Inc. has a 52-week low of $0.86 and a 52-week high of $7.19.

CommScope 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.