Brown Advisory Inc. cut its stake in shares of Commscope Holding Company Inc (NASDAQ:COMM) by 8.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,629 shares of the communications equipment provider’s stock after selling 6,338 shares during the period. Brown Advisory Inc.’s holdings in Commscope were worth $2,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Commscope in the second quarter worth approximately $21,145,000. Utah Retirement Systems grew its position in Commscope by 49.8% in the second quarter. Utah Retirement Systems now owns 34,900 shares of the communications equipment provider’s stock worth $1,327,000 after acquiring an additional 11,600 shares in the last quarter. Franklin Resources Inc. bought a new stake in Commscope in the second quarter worth approximately $38,211,000. Andra AP fonden bought a new stake in Commscope in the second quarter worth approximately $1,491,000. Finally, Swiss National Bank grew its position in Commscope by 122.7% in the second quarter. Swiss National Bank now owns 710,000 shares of the communications equipment provider’s stock worth $27,001,000 after acquiring an additional 391,157 shares in the last quarter.

Several analysts have commented on COMM shares. Morgan Stanley raised shares of Commscope from an “equal weight” rating to an “overweight” rating and set a $38.00 target price for the company in a research report on Thursday, August 17th. Citigroup boosted their target price on shares of Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Northland Securities reissued a “hold” rating on shares of Commscope in a research report on Friday, November 10th. Jefferies Group reissued a “buy” rating and issued a $40.00 target price on shares of Commscope in a research report on Wednesday, September 20th. Finally, Zacks Investment Research raised shares of Commscope from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $40.30.

In other news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $36.45, for a total value of $1,822,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.33% of the stock is currently owned by insiders.

Shares of Commscope Holding Company Inc (COMM) opened at $36.88 on Thursday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10. Commscope Holding Company Inc has a one year low of $30.95 and a one year high of $42.75. The firm has a market cap of $6,979.98, a price-to-earnings ratio of 16.94, a PEG ratio of 2.85 and a beta of 1.20.

Commscope (NASDAQ:COMM) last issued its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Commscope had a net margin of 4.21% and a return on equity of 29.11%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company earned $0.81 earnings per share. Commscope’s revenue for the quarter was down 12.8% on a year-over-year basis. research analysts anticipate that Commscope Holding Company Inc will post 2.01 EPS for the current fiscal year.

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Commscope Company Profile

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

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Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

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