Commscope Holding Company Inc (COMM) Stake Lowered by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. cut its holdings in Commscope Holding Company Inc (NASDAQ:COMM) by 87.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,373 shares of the communications equipment provider’s stock after selling 53,458 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Commscope were worth $120,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Commscope in the fourth quarter valued at approximately $72,000. Quantamental Technologies LLC acquired a new position in shares of Commscope in the 4th quarter valued at $76,000. Virtu Financial LLC acquired a new position in shares of Commscope in the 3rd quarter valued at $205,000. IFM Investors Pty Ltd purchased a new stake in shares of Commscope in the 3rd quarter valued at $209,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Commscope in the 3rd quarter valued at $209,000.
COMM stock opened at $22.68 on Tuesday. Commscope Holding Company Inc has a 52-week low of $15.09 and a 52-week high of $41.60. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.80 and a current ratio of 2.44. The firm has a market cap of $4.36 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31.
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CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.
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