Rivulet Capital LLC Has $64.63 Million Stake in CommScope Holding Company, Inc. (COMM)

Rivulet Capital LLC cut its stake in CommScope Holding Company, Inc. (NASDAQ:COMM) by 10.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,549,512 shares of the communications equipment provider’s stock after selling 182,720 shares during the period. CommScope Holding Company makes up approximately 12.0% of Rivulet Capital LLC’s holdings, making the stock its 3rd largest position. Rivulet Capital LLC owned 0.80% of CommScope Holding Company worth $64,630,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its stake in CommScope Holding Company by 19.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,706 shares of the communications equipment provider’s stock valued at $113,000 after buying an additional 439 shares during the period. Financial Architects Inc raised its position in CommScope Holding Company by 61.1% in the first quarter. Financial Architects Inc now owns 3,281 shares of the communications equipment provider’s stock valued at $137,000 after buying an additional 1,244 shares in the last quarter. Poplar Forest Capital LLC acquired a new position in CommScope Holding Company during the first quarter valued at approximately $200,000. CAPROCK Group Inc. acquired a new position in CommScope Holding Company during the first quarter valued at approximately $203,000. Finally, ProShare Advisors LLC purchased a new stake in shares of CommScope Holding Company during the first quarter worth about $203,000. Institutional investors and hedge funds own 97.90% of the company’s stock.

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

Shares of CommScope Holding Company, Inc. (NASDAQ COMM) traded down 0.05% on Tuesday, reaching $37.90. 864,090 shares of the company’s stock traded hands. CommScope Holding Company, Inc. has a 52 week low of $27.88 and a 52 week high of $42.75. The firm’s 50 day moving average is $37.44 and its 200 day moving average is $38.35. The firm has a market capitalization of $7.31 billion, a P/E ratio of 30.64 and a beta of 1.19.

CommScope Holding Company (NASDAQ:COMM) last issued its quarterly earnings data on Thursday, May 4th. The communications equipment provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. CommScope Holding Company had a return on equity of 36.96% and a net margin of 4.96%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm earned $0.48 EPS. CommScope Holding Company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that CommScope Holding Company, Inc. will post $2.74 earnings per share for the current fiscal year.

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COMM has been the topic of a number of research reports. Zacks Investment Research raised shares of CommScope Holding Company from a “sell” rating to a “hold” rating in a research note on Thursday, February 23rd. Jefferies Group LLC lifted their target price on shares of CommScope Holding Company from $38.00 to $45.00 and gave the stock a “positive” rating in a report on Friday, February 24th. Instinet assumed coverage on shares of CommScope Holding Company in a report on Thursday, May 25th. They issued a “buy” rating and a $45.00 target price for the company. TheStreet cut shares of CommScope Holding Company from a “b” rating to a “c+” rating in a report on Monday, May 22nd. Finally, Deutsche Bank AG boosted their target price on shares of CommScope Holding Company from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $44.20.

In related news, SVP Frank B. Wyatt II sold 255,900 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $40.63, for a total transaction of $10,397,217.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy T. Yates acquired 3,000 shares of CommScope Holding Company stock in a transaction that occurred on Monday, May 8th. The shares were bought at an average price of $35.34 per share, with a total value of $106,020.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 308,270 shares of company stock valued at $12,509,093. 3.33% of the stock is owned by insiders.

CommScope Holding Company 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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