Inspire Investing LLC Grows Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Inspire Investing LLC lifted its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,276 shares of the communications equipment provider’s stock after buying an additional 10,089 shares during the period. Inspire Investing LLC’s holdings in CommScope were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its stake in CommScope by 415.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 188,182 shares of the communications equipment provider’s stock worth $1,150,000 after purchasing an additional 151,640 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in CommScope by 151.9% during the third quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider’s stock worth $5,500,000 after buying an additional 542,794 shares during the last quarter. Monarch Alternative Capital LP purchased a new stake in shares of CommScope in the third quarter valued at about $16,623,000. XTX Topco Ltd raised its position in shares of CommScope by 263.1% during the 2nd quarter. XTX Topco Ltd now owns 198,264 shares of the communications equipment provider’s stock valued at $244,000 after buying an additional 143,654 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in CommScope in the second quarter valued at approximately $144,000. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. 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 research report on Tuesday, January 14th. Raymond James lowered shares of CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. Finally, Morgan Stanley lowered shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, CommScope currently has a consensus rating of “Hold” and an average target price of $3.00.

CommScope Stock Performance

Shares of COMM opened at $5.53 on Friday. The stock has a market capitalization of $1.19 billion, a PE ratio of -1.25, a P/E/G ratio of 0.67 and a beta of 1.92. The company’s 50-day simple moving average is $5.29 and its 200-day simple moving average is $4.74. CommScope Holding Company, Inc. has a 1 year low of $0.86 and a 1 year high of $7.19.

CommScope (NASDAQ:COMM) last released its earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.38). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.42 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. CommScope’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. On average, sell-side analysts predict that CommScope Holding Company, Inc. will post -0.85 earnings per share for the current year.

CommScope 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.