CommScope Holding Company, Inc. (NASDAQ:COMM) Stake Boosted by Trexquant Investment LP

Trexquant Investment LP raised its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 381.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 799,105 shares of the communications equipment provider’s stock after buying an additional 633,146 shares during the period. Trexquant Investment LP’s holdings in CommScope were worth $4,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Advisers LP raised its holdings in shares of CommScope by 29.3% during the third quarter. Two Sigma Advisers LP now owns 4,303,800 shares of the communications equipment provider’s stock valued at $26,296,000 after acquiring an additional 975,200 shares during the period. Vanguard Group Inc. grew its position in CommScope by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider’s stock worth $118,542,000 after purchasing an additional 694,363 shares in the last quarter. JPMorgan Chase & Co. raised its stake in CommScope by 151.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider’s stock valued at $5,500,000 after purchasing an additional 542,794 shares during the period. Swiss National Bank purchased a new stake in shares of CommScope in the fourth quarter valued at $2,212,000. Finally, State Street Corp boosted its position in shares of CommScope by 9.2% in the third quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider’s stock worth $28,034,000 after buying an additional 387,466 shares during the period. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on COMM shares. StockNews.com raised CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $7.00 price objective on shares of CommScope in a research report on Thursday, February 27th. Raymond James lowered CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Morgan Stanley lowered shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. raised CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.75.

CommScope Trading Down 11.7 %

Shares of CommScope stock opened at $3.62 on Friday. The company has a market cap of $783.95 million, a price-to-earnings ratio of -0.82, a PEG ratio of 0.41 and a beta of 1.98. CommScope Holding Company, Inc. has a 1 year low of $0.86 and a 1 year high of $7.19. The company’s fifty day simple moving average is $5.24 and its 200-day simple moving average is $5.47.

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.