Versor Investments LP Purchases New Stake in CommScope Holding Company, Inc. (NASDAQ:COMM)

Versor Investments LP acquired a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,600 shares of the communications equipment provider’s stock, valued at approximately $86,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. National Bank of Canada FI increased its position in shares of CommScope by 109.1% during the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after acquiring an additional 2,857 shares during the last quarter. Quarry LP boosted its stake in CommScope by 1,005.4% during the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock valued at $50,000 after acquiring an additional 7,380 shares during the last quarter. Ballentine Partners LLC acquired a new position in CommScope during the 4th quarter worth $58,000. Belvedere Trading LLC bought a new stake in shares of CommScope in the 3rd quarter worth about $68,000. Finally, Creative Planning acquired a new stake in shares of CommScope in the 3rd quarter valued at about $73,000. 88.04% of the stock is owned by institutional investors and hedge funds.

CommScope Trading Down 0.5 %

COMM opened at $6.15 on Wednesday. The business’s 50 day moving average is $5.31 and its 200-day moving average is $5.36. The stock has a market cap of $1.33 billion, a PE ratio of -1.39, a price-to-earnings-growth ratio of 0.41 and a beta of 1.90. CommScope Holding Company, Inc. has a twelve month low of $0.86 and a twelve month high of $7.19.

Analysts Set New Price Targets

Several research analysts have recently commented on COMM shares. StockNews.com upgraded CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a report on Tuesday, January 14th. Morgan Stanley cut shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Tuesday, December 17th. Raymond James lowered shares of CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.00.

CommScope 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.