Landscape Capital Management L.L.C. Makes New $152,000 Investment in CommScope Holding Company, Inc. (NASDAQ:COMM)

Landscape Capital Management L.L.C. acquired a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 24,924 shares of the communications equipment provider’s stock, valued at approximately $152,000.

Other institutional investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in CommScope during the 3rd quarter valued at $31,000. Belvedere Trading LLC bought a new stake in CommScope during the 3rd quarter valued at $68,000. Creative Planning bought a new stake in CommScope during the 3rd quarter valued at $73,000. Hanseatic Management Services Inc. bought a new stake in CommScope during the 3rd quarter valued at $76,000. Finally, Fore Capital LLC boosted its position in CommScope by 36.5% during the 2nd quarter. Fore Capital LLC now owns 74,841 shares of the communications equipment provider’s stock valued at $92,000 after acquiring an additional 20,000 shares in the last quarter. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

CommScope Price Performance

CommScope stock opened at $5.09 on Tuesday. The business has a fifty day moving average price of $5.78 and a 200-day moving average price of $3.51. CommScope Holding Company, Inc. has a 1-year low of $0.86 and a 1-year high of $7.19. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -1.15 and a beta of 2.09.

CommScope (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.38). CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm posted $0.10 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that CommScope Holding Company, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com raised CommScope from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Morgan Stanley increased their target price on CommScope from $2.70 to $5.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Northland Securities raised their price objective on CommScope from $1.25 to $2.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on CommScope from $1.25 to $2.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2.50.

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.