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.

COMM has been the topic of a number of recent analyst reports. ValuEngine downgraded Commscope from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 6th. Raymond James raised Commscope from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 8th. Longbow Research downgraded Commscope from a “buy” rating to a “neutral” rating in a research note on Friday, November 9th. Morgan Stanley reissued a “hold” rating and set a $23.00 price target on shares of Commscope in a research report on Friday, November 9th. They noted that the move was a valuation call. Finally, Bank of America downgraded Commscope from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $30.02.

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About Commscope

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.

Further Reading: Ex-Dividend

Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

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