Baird Financial Group Inc. lowered its position in CommScope Holding Company, Inc. (NASDAQ:COMM – Get Rating) by 72.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,293 shares of the communications equipment provider’s stock after selling 46,623 shares during the quarter. Baird Financial Group Inc.’s holdings in CommScope were worth $106,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of CommScope by 11.5% during the 1st quarter. Vanguard Group Inc. now owns 27,002,559 shares of the communications equipment provider’s stock valued at $212,781,000 after acquiring an additional 2,790,362 shares in the last quarter. FPR Partners LLC grew its stake in shares of CommScope by 1.0% in the 1st quarter. FPR Partners LLC now owns 19,673,018 shares of the communications equipment provider’s stock valued at $155,023,000 after purchasing an additional 200,000 shares during the period. Wellington Management Group LLP raised its holdings in shares of CommScope by 1.1% in the 1st quarter. Wellington Management Group LLP now owns 18,146,557 shares of the communications equipment provider’s stock worth $142,995,000 after buying an additional 195,374 shares in the last quarter. BlackRock Inc. lifted its position in shares of CommScope by 22.1% during the 1st quarter. BlackRock Inc. now owns 14,164,751 shares of the communications equipment provider’s stock worth $111,616,000 after buying an additional 2,560,861 shares during the period. Finally, Lyrical Asset Management LP boosted its stake in CommScope by 9.4% in the 1st quarter. Lyrical Asset Management LP now owns 9,015,148 shares of the communications equipment provider’s stock valued at $71,039,000 after buying an additional 770,938 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.
CommScope Stock Performance
NASDAQ:COMM opened at $9.15 on Friday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -5.83, a P/E/G ratio of 0.26 and a beta of 1.89. The stock’s fifty day moving average price is $10.74 and its two-hundred day moving average price is $9.26. CommScope Holding Company, Inc. has a 52-week low of $5.56 and a 52-week high of $13.73.
Analysts Set New Price Targets
CommScope Company Profile
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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