424,600 Shares in CommScope Holding Company, Inc. (NASDAQ:COMM) Acquired by Swiss National Bank

Swiss National Bank acquired a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 424,600 shares of the communications equipment provider’s stock, valued at approximately $2,212,000.

Other hedge funds also recently made changes to their positions in the company. EPIQ Capital Group LLC acquired a new stake in CommScope during the 4th quarter valued at $73,000. Amundi acquired a new stake in shares of CommScope during the fourth quarter valued at about $137,000. Inceptionr LLC purchased a new stake in shares of CommScope during the fourth quarter worth about $97,000. Raymond James Financial Inc. acquired a new position in shares of CommScope in the fourth quarter worth about $138,000. Finally, Arizona State Retirement System purchased a new position in CommScope in the fourth quarter valued at about $326,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

CommScope Stock Performance

NASDAQ COMM opened at $5.54 on Friday. CommScope Holding Company, Inc. has a one year low of $0.86 and a one year high of $7.19. The company has a 50-day simple moving average of $5.33 and a 200-day simple moving average of $5.48. The firm has a market capitalization of $1.20 billion, a PE ratio of -1.25, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89.

Analyst Ratings Changes

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

CommScope Company 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.