Counterpoint Mutual Funds LLC Boosts Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

Counterpoint Mutual Funds LLC boosted its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 41.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,701 shares of the communications equipment provider’s stock after buying an additional 27,868 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in CommScope were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. National Bank of Canada FI lifted its position in shares of CommScope by 109.1% during the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,857 shares during the last quarter. Quarry LP lifted its position in shares of CommScope by 1,005.4% during the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after purchasing an additional 7,380 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of CommScope during the fourth quarter worth $58,000. Jones Financial Companies Lllp bought a new stake in shares of CommScope during the fourth quarter worth $60,000. Finally, EPIQ Capital Group LLC bought a new stake in shares of CommScope during the fourth quarter worth $73,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

CommScope Price Performance

COMM stock opened at $5.25 on Tuesday. The business has a 50-day moving average price of $5.26 and a 200 day moving average price of $5.41. The company has a market capitalization of $1.14 billion, a P/E ratio of -1.19, a PEG ratio of 0.41 and a beta of 1.89. CommScope Holding Company, Inc. has a 1-year low of $0.86 and a 1-year high of $7.19.

Wall Street Analysts Forecast Growth

COMM has been the subject of several research analyst reports. Morgan Stanley downgraded CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a research report on Tuesday, December 17th. Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research report on Tuesday, January 14th. StockNews.com upgraded CommScope from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $7.00 price objective on shares of CommScope in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.75.

CommScope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.