XTX Topco Ltd Has $244,000 Stock Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

XTX Topco Ltd grew its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 263.1% in the second quarter, HoldingsChannel reports. The fund owned 198,264 shares of the communications equipment provider’s stock after acquiring an additional 143,654 shares during the period. XTX Topco Ltd’s holdings in CommScope were worth $244,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. First Trust Advisors LP boosted its position in CommScope by 42.7% during the 4th quarter. First Trust Advisors LP now owns 13,071,560 shares of the communications equipment provider’s stock worth $36,862,000 after acquiring an additional 3,911,673 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in CommScope by 10.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,678,037 shares of the communications equipment provider’s stock worth $6,128,000 after acquiring an additional 461,264 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of CommScope by 319.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,251,705 shares of the communications equipment provider’s stock worth $1,537,000 after purchasing an additional 953,171 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of CommScope by 7.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,194,041 shares of the communications equipment provider’s stock worth $1,469,000 after purchasing an additional 87,530 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of CommScope by 1.2% during the 4th quarter. Allianz Asset Management GmbH now owns 1,050,655 shares of the communications equipment provider’s stock worth $2,963,000 after purchasing an additional 12,578 shares in the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COMM. Deutsche Bank Aktiengesellschaft upped their price objective on CommScope from $1.25 to $2.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. StockNews.com upgraded CommScope from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Northland Securities upped their price objective on CommScope from $1.25 to $2.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1.75.

CommScope Stock Up 1.8 %

NASDAQ:COMM opened at $6.11 on Friday. The stock’s 50-day simple moving average is $3.95 and its 200 day simple moving average is $2.19. The firm has a market capitalization of $1.30 billion, a PE ratio of -0.69, a price-to-earnings-growth ratio of 0.28 and a beta of 2.08. CommScope Holding Company, Inc. has a twelve month low of $0.86 and a twelve month high of $6.75.

CommScope (NASDAQ:COMM) last announced its quarterly earnings results on Thursday, August 8th. The communications equipment provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). CommScope had a negative net margin of 31.24% and a negative return on equity of 3.08%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was down 12.7% compared to the same quarter last year. On average, analysts anticipate that CommScope Holding Company, Inc. will post 0.91 EPS for the current fiscal year.

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.