First Quadrant L P CA trimmed its position in shares of Commscope Holding Company Inc (NASDAQ:COMM) by 98.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,300 shares of the communications equipment provider’s stock after selling 336,478 shares during the quarter. First Quadrant L P CA’s holdings in Commscope were worth $200,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Krilogy Financial LLC boosted its position in Commscope by 5.7% during the 2nd quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock valued at $121,000 after acquiring an additional 170 shares in the last quarter. Taurus Asset Management LLC bought a new stake in Commscope during the 3rd quarter valued at approximately $222,000. Nordea Investment Management AB bought a new stake in Commscope during the 2nd quarter valued at approximately $235,000. Massey Quick Simon & CO. LLC bought a new stake in Commscope during the 3rd quarter valued at approximately $252,000. Finally, Toronto Dominion Bank boosted its position in Commscope by 240.6% during the 3rd quarter. Toronto Dominion Bank now owns 8,146 shares of the communications equipment provider’s stock valued at $270,000 after acquiring an additional 5,754 shares in the last quarter.

In related news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $36.45, for a total value of $1,822,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank M. Drendel sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $38.01, for a total transaction of $2,280,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,284 shares of company stock valued at $6,807,245. 3.33% of the stock is owned by company insiders.

Several equities analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of Commscope to $45.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research lowered shares of Commscope from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. ValuEngine upgraded shares of Commscope from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub upgraded shares of Commscope from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 14th. Finally, Jefferies Group reiterated a “buy” rating and set a $40.00 target price on shares of Commscope in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.80.

Commscope Holding Company Inc (NASDAQ COMM) opened at $39.77 on Friday. Commscope Holding Company Inc has a 1-year low of $30.95 and a 1-year high of $42.75. The stock has a market cap of $7,369.14 and a P/E ratio of 17.88. The company has a current ratio of 2.78, a quick ratio of 2.10 and a debt-to-equity ratio of 2.93.

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