State Board of Administration of Florida Retirement System Has $498,000 Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

State Board of Administration of Florida Retirement System lowered its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMMGet Rating) by 60.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,380 shares of the communications equipment provider’s stock after selling 124,476 shares during the period. State Board of Administration of Florida Retirement System’s holdings in CommScope were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in CommScope by 79.7% during the 1st quarter. SG Americas Securities LLC now owns 53,751 shares of the communications equipment provider’s stock worth $424,000 after buying an additional 23,840 shares during the period. Wolverine Asset Management LLC increased its position in CommScope by 14.5% during the first quarter. Wolverine Asset Management LLC now owns 177,674 shares of the communications equipment provider’s stock worth $1,400,000 after acquiring an additional 22,500 shares during the period. Advisor Group Holdings Inc. raised its stake in CommScope by 19.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 62,612 shares of the communications equipment provider’s stock worth $493,000 after purchasing an additional 10,023 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in CommScope by 53.3% in the 1st quarter. New York State Common Retirement Fund now owns 273,226 shares of the communications equipment provider’s stock valued at $2,153,000 after purchasing an additional 94,992 shares during the period. Finally, National Bank of Canada FI grew its position in shares of CommScope by 25.9% during the 1st quarter. National Bank of Canada FI now owns 7,082 shares of the communications equipment provider’s stock worth $56,000 after purchasing an additional 1,455 shares in the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

CommScope Stock Up 2.0 %

Shares of COMM stock opened at $9.12 on Friday. The firm has a market capitalization of $1.90 billion, a P/E ratio of -5.81, a P/E/G ratio of 0.26 and a beta of 1.89. CommScope Holding Company, Inc. has a twelve month low of $5.56 and a twelve month high of $13.73. The stock’s fifty day simple moving average is $10.97 and its 200 day simple moving average is $9.22.

Insider Transactions at CommScope

In other CommScope news, CEO Charles L. Treadway bought 48,076 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average cost of $10.41 per share, for a total transaction of $500,471.16. Following the transaction, the chief executive officer now directly owns 1,260,378 shares in the company, valued at $13,120,534.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on COMM shares. TheStreet upgraded CommScope from a “d+” rating to a “c-” rating in a research note on Wednesday, October 19th. Morgan Stanley increased their target price on CommScope from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 11th. StockNews.com began coverage on CommScope in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Citigroup increased their price objective on shares of CommScope from $6.00 to $7.00 and gave the stock a “sell” rating in a research note on Friday, August 5th. Finally, Credit Suisse Group upgraded shares of CommScope from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $11.00 to $17.00 in a research report on Tuesday, October 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.44.

CommScope Company Profile

(Get Rating)

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.

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Institutional Ownership by Quarter for CommScope (NASDAQ:COMM)

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