Hollow Brook Wealth Management LLC trimmed its holdings in Commscope Holding Company Inc (NASDAQ:COMM) by 15.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,247 shares of the communications equipment provider’s stock after selling 11,877 shares during the quarter. Commscope accounts for approximately 1.6% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding. Hollow Brook Wealth Management LLC’s holdings in Commscope were worth $2,233,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Mackenzie Financial Corp boosted its stake in shares of Commscope by 35.3% during the 3rd quarter. Mackenzie Financial Corp now owns 19,913 shares of the communications equipment provider’s stock worth $661,000 after acquiring an additional 5,191 shares in the last quarter. Poplar Forest Capital LLC boosted its stake in shares of Commscope by 19.7% during the 3rd quarter. Poplar Forest Capital LLC now owns 19,875 shares of the communications equipment provider’s stock worth $660,000 after acquiring an additional 3,275 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Commscope by 13.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,165,861 shares of the communications equipment provider’s stock worth $38,715,000 after acquiring an additional 136,301 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Commscope by 29.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,736,824 shares of the communications equipment provider’s stock worth $350,236,000 after acquiring an additional 2,429,290 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Commscope by 5.9% during the 3rd quarter. Legal & General Group Plc now owns 263,645 shares of the communications equipment provider’s stock worth $8,753,000 after acquiring an additional 14,734 shares in the last quarter.

COMM has been the topic of a number of research reports. Morgan Stanley raised shares of Commscope from an “equal weight” rating to an “overweight” rating and set a $38.00 price target on the stock in a research note on Thursday, August 17th. Citigroup raised their price target on shares of Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Northland Securities reaffirmed a “hold” rating on shares of Commscope in a research note on Friday, November 10th. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 price target on shares of Commscope in a research note on Wednesday, September 20th. Finally, Zacks Investment Research raised shares of Commscope from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $40.30.

Commscope Holding Company Inc (NASDAQ COMM) opened at $36.59 on Tuesday. The firm has a market cap of $6,880.79, a PE ratio of 16.70, a P/E/G ratio of 2.81 and a beta of 1.20. Commscope Holding Company Inc has a 12 month low of $30.95 and a 12 month high of $42.75. The company has a quick ratio of 2.10, a current ratio of 2.78 and a debt-to-equity ratio of 2.93.

Commscope (NASDAQ:COMM) last released its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Commscope had a net margin of 4.21% and a return on equity of 29.11%. Commscope’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. equities analysts anticipate that Commscope Holding Company Inc will post 2.01 earnings per share for the current fiscal year.

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Commscope Company Profile

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 (NASDAQ:COMM)

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