Myriad Asset Management Ltd. purchased a new stake in Commscope Holding Company Inc (NASDAQ:COMM) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 700,000 shares of the communications equipment provider’s stock, valued at approximately $23,247,000. Commscope comprises about 2.3% of Myriad Asset Management Ltd.’s portfolio, making the stock its 14th largest position. Myriad Asset Management Ltd. owned 0.37% of Commscope at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Commscope by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 15,843,334 shares of the communications equipment provider’s stock worth $602,522,000 after buying an additional 183,790 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Commscope by 19.0% during the 2nd quarter. BlackRock Inc. now owns 15,275,547 shares of the communications equipment provider’s stock worth $580,929,000 after buying an additional 2,438,894 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Commscope by 478.2% during the 2nd quarter. Capital Research Global Investors now owns 14,502,567 shares of the communications equipment provider’s stock worth $551,533,000 after buying an additional 11,994,126 shares during the last quarter. FMR LLC boosted its position in Commscope by 6.6% during the 2nd quarter. FMR LLC now owns 11,279,906 shares of the communications equipment provider’s stock worth $428,975,000 after purchasing an additional 702,210 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 2,429,290 shares during the period.

A number of analysts recently weighed in on COMM shares. TheStreet raised shares of Commscope from a “c+” rating to a “b” rating in a research report on Tuesday, August 8th. Jefferies Group reaffirmed a “buy” rating and set a $40.00 price target (down from $43.00) on shares of Commscope in a research report on Wednesday, August 9th. Citigroup upped their price target on shares of Commscope from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Commscope from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Thursday, October 19th. Finally, ValuEngine raised shares of Commscope from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Commscope currently has an average rating of “Buy” and an average target price of $40.30.

Commscope Holding Company Inc (NASDAQ:COMM) opened at $36.31 on Wednesday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10. The firm has a market cap of $6,930.00, a PE ratio of 16.70, a price-to-earnings-growth 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.

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

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About Commscope

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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