CommScope Holding Company, Inc. (COMM) Shares Sold by Ngam Advisors L.P.

Ngam Advisors L.P. lowered its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,991 shares of the communications equipment provider’s stock after selling 2,742 shares during the period. Ngam Advisors L.P.’s holdings in CommScope Holding Company were worth $2,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of CommScope Holding Company by 9,886.2% in the fourth quarter. AQR Capital Management LLC now owns 769,740 shares of the communications equipment provider’s stock worth $28,634,000 after buying an additional 762,032 shares during the period. Foresters Investment Management Company Inc. increased its position in shares of CommScope Holding Company by 1.8% in the fourth quarter. Foresters Investment Management Company Inc. now owns 221,500 shares of the communications equipment provider’s stock worth $8,231,000 after buying an additional 4,000 shares during the period. Ellington Management Group LLC bought a new position in shares of CommScope Holding Company during the fourth quarter worth $1,086,000. Seven Eight Capital LP bought a new position in shares of CommScope Holding Company during the fourth quarter worth $1,495,000. Finally, Tudor Investment Corp Et Al increased its position in shares of CommScope Holding Company by 27.6% in the fourth quarter. Tudor Investment Corp Et Al now owns 87,689 shares of the communications equipment provider’s stock worth $3,262,000 after buying an additional 18,959 shares during the period. Institutional investors own 97.90% of the company’s stock.

Institutional Ownership by Quarter for CommScope Holding Company (NASDAQ:COMM)

CommScope Holding Company, Inc. (COMM) traded down 0.066% on Tuesday, reaching $37.895. 591,280 shares of the company’s stock traded hands. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 30.635 and a beta of 1.19. The stock has a 50 day moving average price of $37.44 and a 200 day moving average price of $38.35. CommScope Holding Company, Inc. has a 12-month low of $27.88 and a 12-month high of $42.75.

CommScope Holding Company (NASDAQ:COMM) last announced its quarterly earnings data on Thursday, May 4th. The communications equipment provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. CommScope Holding Company had a net margin of 4.96% and a return on equity of 36.96%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $0.48 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Analysts forecast that CommScope Holding Company, Inc. will post $2.74 EPS for the current year.

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Several research analysts have weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 price target on shares of CommScope Holding Company in a research report on Friday, March 31st. Zacks Investment Research upgraded shares of CommScope Holding Company from a “sell” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, May 2nd. Deutsche Bank AG increased their price target on shares of CommScope Holding Company from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Barclays PLC increased their price target on shares of CommScope Holding Company from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 12th. Finally, Instinet assumed coverage on shares of CommScope Holding Company in a research report on Thursday, May 25th. They issued a “buy” rating and a $45.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $44.20.

In other news, Director Timothy T. Yates bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average cost of $35.34 per share, for a total transaction of $106,020.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Peter U. Karlsson sold 7,370 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $36.72, for a total transaction of $270,626.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 308,270 shares of company stock valued at $12,509,093. Company insiders own 3.33% of the company’s stock.

About CommScope Holding Company

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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