LSV Asset Management Sells 49,779 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

LSV Asset Management decreased its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM) by 42.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,303 shares of the communications equipment provider’s stock after selling 49,779 shares during the period. LSV Asset Management’s holdings in CommScope were worth $88,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of COMM. First Trust Advisors LP raised its stake in CommScope by 42.7% in the fourth quarter. First Trust Advisors LP now owns 13,071,560 shares of the communications equipment provider’s stock valued at $36,862,000 after buying an additional 3,911,673 shares during the period. Vanguard Group Inc. increased its stake in shares of CommScope by 8.0% during the third quarter. Vanguard Group Inc. now owns 37,076,845 shares of the communications equipment provider’s stock worth $124,578,000 after purchasing an additional 2,745,209 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of CommScope by 28.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,790,900 shares of the communications equipment provider’s stock worth $16,330,000 after purchasing an additional 1,280,636 shares during the period. Teacher Retirement System of Texas increased its stake in shares of CommScope by 217.1% during the fourth quarter. Teacher Retirement System of Texas now owns 1,561,443 shares of the communications equipment provider’s stock worth $4,403,000 after purchasing an additional 1,068,969 shares during the period. Finally, Brigade Capital Management LP increased its stake in shares of CommScope by 202.3% during the fourth quarter. Brigade Capital Management LP now owns 777,000 shares of the communications equipment provider’s stock worth $2,191,000 after purchasing an additional 520,000 shares during the period. Institutional investors own 88.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CommScope from a “sell” rating to a “hold” rating in a research note on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.02.

CommScope Price Performance

Shares of NASDAQ:COMM opened at $1.53 on Monday. CommScope Holding Company, Inc. has a 1 year low of $0.86 and a 1 year high of $6.65. The business’s 50 day simple moving average is $1.27 and its 200 day simple moving average is $1.58.

CommScope (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.14. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.04 billion. CommScope had a negative return on equity of 1.75% and a negative net margin of 30.88%. On average, equities analysts predict that CommScope Holding Company, Inc. will post -0.17 EPS for the current year.

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.