CommScope Holding Company, Inc. (NASDAQ:COMM) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM – Get Rating) by 22.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,503,343 shares of the communications equipment provider’s stock after purchasing an additional 452,729 shares during the quarter. Dimensional Fund Advisors LP owned 1.20% of CommScope worth $23,058,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in CommScope by 11.5% in the 1st quarter. Vanguard Group Inc. now owns 27,002,559 shares of the communications equipment provider’s stock worth $212,781,000 after purchasing an additional 2,790,362 shares during the period. Wellington Management Group LLP raised its holdings in 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 purchasing an additional 195,374 shares during the period. BlackRock Inc. raised its holdings in CommScope by 22.1% in the 1st quarter. BlackRock Inc. now owns 14,164,751 shares of the communications equipment provider’s stock worth $111,616,000 after purchasing an additional 2,560,861 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in CommScope by 9.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 7,871,351 shares of the communications equipment provider’s stock worth $62,026,000 after purchasing an additional 710,698 shares during the period. Finally, Weiss Multi Strategy Advisers LLC raised its holdings in CommScope by 80.0% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 6,604,444 shares of the communications equipment provider’s stock worth $52,043,000 after purchasing an additional 2,934,775 shares during the period. Institutional investors and hedge funds own 90.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on COMM. JPMorgan Chase & Co. reduced their target price on CommScope from $14.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, December 20th. Bank of America raised CommScope from an “underperform” rating to a “buy” rating and increased their target price for the company from $8.00 to $15.00 in a report on Thursday, January 12th. Morgan Stanley dropped their price target on CommScope from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 13th. Finally, Credit Suisse Group dropped their price target on CommScope from $17.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, February 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.38.

CommScope Stock Up 1.4 %

COMM opened at $7.80 on Monday. CommScope Holding Company, Inc. has a 52 week low of $5.56 and a 52 week high of $13.73. The business has a fifty day simple moving average of $8.02 and a 200-day simple moving average of $9.48. The firm has a market cap of $1.63 billion, a P/E ratio of -1.21, a P/E/G ratio of 0.28 and a beta of 1.85.

CommScope (NASDAQ:COMM – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The communications equipment provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.34 billion. CommScope had a negative return on equity of 51.71% and a negative net margin of 14.11%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.23 earnings per share. Sell-side analysts expect that CommScope Holding Company, Inc. will post 1.9 earnings per share for the current year.

CommScope Company Profile

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CommScope Holding Co, Inc engages in the provision of infrastructure solutions for communications networks. It operates through the following segments: Broadband, Home, Outdoor Wireless Networks (OWN), and Venue and Campus Networks (VCN). The company was founded by Frank M. Drendel in 1976 and is headquartered in Hickory, NC.