Cibc World Markets Corp Buys New Shares in CommScope Holding Company, Inc. (NASDAQ:COMM)

Cibc World Markets Corp purchased a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 20,090 shares of the communications equipment provider’s stock, valued at approximately $105,000.

Several other hedge funds have also recently made changes to their positions in COMM. National Bank of Canada FI grew its stake in CommScope by 109.1% during the third quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,857 shares during the period. Quarry LP boosted its holdings in shares of CommScope by 1,005.4% during the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after buying an additional 7,380 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of CommScope during the 4th quarter worth approximately $58,000. Jones Financial Companies Lllp bought a new stake in shares of CommScope in the 4th quarter valued at $60,000. Finally, EPIQ Capital Group LLC acquired a new position in shares of CommScope during the 4th quarter valued at $73,000. 88.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on COMM. JPMorgan Chase & Co. upgraded shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a report on Tuesday, January 14th. Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. Morgan Stanley downgraded CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Finally, StockNews.com raised CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. 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. Based on data from MarketBeat.com, CommScope presently has a consensus rating of “Hold” and a consensus target price of $4.75.

CommScope Stock Performance

COMM stock opened at $5.54 on Friday. The business has a 50-day simple moving average of $5.33 and a two-hundred day simple moving average of $5.48. The company has a market capitalization of $1.20 billion, a P/E ratio of -1.25, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89. CommScope Holding Company, Inc. has a 52-week low of $0.86 and a 52-week high of $7.19.

About CommScope

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.