Shell Asset Management Co. increased its stake in CommScope Holding Company, Inc. (NASDAQ:COMM) by 22.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,643 shares of the communications equipment provider’s stock after buying an additional 10,591 shares during the period. Shell Asset Management Co.’s holdings in CommScope Holding were worth $2,192,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Highbridge Capital Management LLC boosted its stake in CommScope Holding by 193.8% in the fourth quarter. Highbridge Capital Management LLC now owns 26,634 shares of the communications equipment provider’s stock valued at $991,000 after buying an additional 17,570 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. bought a new stake in CommScope Holding during the first quarter valued at approximately $1,149,000. Bank of Montreal Can boosted its stake in CommScope Holding by 9,357.0% in the first quarter. Bank of Montreal Can now owns 43,313 shares of the communications equipment provider’s stock valued at $1,806,000 after buying an additional 42,855 shares in the last quarter. Parametrica Management Ltd bought a new stake in CommScope Holding during the first quarter valued at approximately $435,000. Finally, Telemus Capital LLC boosted its stake in CommScope Holding by 16.8% in the first quarter. Telemus Capital LLC now owns 11,930 shares of the communications equipment provider’s stock valued at $498,000 after buying an additional 1,720 shares in the last quarter. 99.02% of the stock is owned by hedge funds and other institutional investors.

Shares of CommScope Holding Company, Inc. (COMM) traded up 0.85% on Friday, hitting $31.93. 2,252,802 shares of the company traded hands. The firm’s 50-day moving average is $35.90 and its 200 day moving average is $38.12. CommScope Holding Company, Inc. has a 1-year low of $28.32 and a 1-year high of $42.75. The firm has a market capitalization of $6.16 billion, a P/E ratio of 26.65 and a beta of 1.17.

CommScope Holding (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.05. CommScope Holding had a return on equity of 33.38% and a net margin of 4.96%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company posted $0.74 EPS. CommScope Holding’s quarterly revenue was down 10.2% compared to the same quarter last year. On average, analysts anticipate that CommScope Holding Company, Inc. will post $2.22 earnings per share for the current fiscal year.

CommScope Holding declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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COMM has been the subject of several research analyst reports. Deutsche Bank AG raised their target price on shares of CommScope Holding from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Zacks Investment Research cut shares of CommScope Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Instinet initiated coverage on shares of CommScope Holding in a research report on Thursday, May 25th. They issued a “buy” rating and a $45.00 target price for the company. Nomura initiated coverage on shares of CommScope Holding in a research report on Thursday, May 25th. They issued a “buy” rating and a $45.00 target price for the company. Finally, TheStreet cut shares of CommScope Holding from a “b” rating to a “c+” rating in a research report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.45.

In other CommScope Holding news, Director Claudius E. Iv Watts purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of $36.75 per share, for a total transaction of $551,250.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Timothy T. Yates acquired 5,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was bought at an average price of $32.62 per share, for a total transaction of $163,100.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 35,000 shares of company stock worth $1,207,400. 3.33% of the stock is owned by corporate insiders.

About CommScope Holding

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

Institutional Ownership by Quarter for CommScope Holding (NASDAQ:COMM)

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