CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Sold by Semanteon Capital Management LP

Semanteon Capital Management LP cut its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 88.7% during the 4th quarter, Holdings Channel reports. The firm owned 21,040 shares of the communications equipment provider’s stock after selling 165,408 shares during the period. Semanteon Capital Management LP’s holdings in CommScope were worth $110,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of COMM. Monarch Alternative Capital LP acquired a new position in shares of CommScope during the 3rd quarter valued at $16,623,000. Bank of Montreal Can acquired a new position in shares of CommScope in the 3rd quarter worth $7,023,000. Two Sigma Advisers LP grew its holdings in shares of CommScope by 29.3% in the 3rd quarter. Two Sigma Advisers LP now owns 4,303,800 shares of the communications equipment provider’s stock worth $26,296,000 after acquiring an additional 975,200 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of CommScope by 151.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider’s stock worth $5,500,000 after acquiring an additional 542,794 shares during the last quarter. Finally, Swiss National Bank acquired a new position in shares of CommScope in the 4th quarter worth $2,212,000. 88.04% of the stock is currently owned by institutional investors and hedge funds.

CommScope Price Performance

Shares of NASDAQ COMM opened at $5.60 on Friday. The business’s 50-day moving average price is $5.29 and its two-hundred day moving average price is $5.45. CommScope Holding Company, Inc. has a one year low of $0.86 and a one year high of $7.19. The company has a market capitalization of $1.21 billion, a P/E ratio of -1.27, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89.

Analyst Ratings Changes

A number of brokerages recently issued reports on COMM. JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Tuesday, January 14th. Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Morgan Stanley downgraded CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a report on Tuesday, December 17th. StockNews.com raised CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.00 price target on shares of CommScope in a research report on Thursday, February 27th. Two equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.