CommScope Holding Company, Inc. (NASDAQ:COMM) Position Decreased by Virtu Financial LLC

Virtu Financial LLC reduced its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM) by 29.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,917 shares of the communications equipment provider’s stock after selling 5,264 shares during the quarter. Virtu Financial LLC’s holdings in CommScope were worth $67,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI grew its position in CommScope by 109.1% in the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 2,857 shares during the last quarter. Quarry LP grew its holdings in shares of CommScope by 1,005.4% in the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after acquiring an additional 7,380 shares during the last quarter. Sciencast Management LP acquired a new stake in shares of CommScope during the fourth quarter worth $56,000. Ballentine Partners LLC acquired a new stake in shares of CommScope during the fourth quarter worth $58,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of CommScope in the 4th quarter valued at $60,000. 88.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on COMM shares. Morgan Stanley downgraded CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Tuesday, December 17th. JPMorgan Chase & Co. upgraded shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a report on Tuesday, January 14th. StockNews.com raised shares of CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. Finally, Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, CommScope currently has a consensus rating of “Hold” and a consensus price target of $4.75.

CommScope Stock Performance

COMM stock opened at $5.31 on Tuesday. The firm has a 50 day simple moving average of $5.33 and a 200 day simple moving average of $5.50. CommScope Holding Company, Inc. has a 52 week low of $0.86 and a 52 week high of $7.19. The stock has a market cap of $1.15 billion, a P/E ratio of -1.20, a P/E/G ratio of 0.41 and a beta of 1.89.

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.