nVerses Capital LLC Invests $109,000 in CommScope Holding Company, Inc. (NASDAQ:COMM)

nVerses Capital LLC bought a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 17,800 shares of the communications equipment provider’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in shares of CommScope during the 3rd quarter worth approximately $31,000. Creative Planning bought a new position in shares of CommScope during the 3rd quarter worth approximately $73,000. Headlands Technologies LLC boosted its stake in shares of CommScope by 357.9% during the 1st quarter. Headlands Technologies LLC now owns 23,953 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 18,722 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in CommScope by 5,083.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,708 shares of the communications equipment provider’s stock valued at $34,000 after purchasing an additional 25,212 shares during the period. Finally, Inspire Investing LLC bought a new stake in CommScope in the 3rd quarter valued at $411,000. 88.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

CommScope Stock Up 7.1 %

Shares of COMM opened at $6.05 on Monday. CommScope Holding Company, Inc. has a 12-month low of $0.86 and a 12-month high of $6.75. The business has a 50-day simple moving average of $5.08 and a two-hundred day simple moving average of $2.69. The stock has a market cap of $1.28 billion, a PE ratio of -0.68, a PEG ratio of 0.28 and a beta of 2.10.

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

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.