BNP Paribas Arbitrage SA lifted its stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 7.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 223,335 shares of the communications equipment provider’s stock after buying an additional 15,051 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.12% of CommScope Holding worth $7,417,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in COMM. Nomura Asset Management Co. Ltd. grew its position in shares of CommScope Holding by 6.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,690 shares of the communications equipment provider’s stock worth $113,000 after buying an additional 160 shares in the last quarter. LS Investment Advisors LLC acquired a new position in shares of CommScope Holding during the second quarter worth about $114,000. Krilogy Financial LLC grew its position in shares of CommScope Holding by 5.7% during the second quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 170 shares in the last quarter. Financial Architects Inc grew its position in shares of CommScope Holding by 9.8% during the second quarter. Financial Architects Inc now owns 3,603 shares of the communications equipment provider’s stock worth $137,000 after buying an additional 322 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of CommScope Holding by 76.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,770 shares of the communications equipment provider’s stock worth $181,000 after buying an additional 2,064 shares in the last quarter. 99.22% of the stock is owned by institutional investors and hedge funds.
CommScope Holding Company, Inc. (NASDAQ COMM) opened at $33.68 on Friday. The stock has a market capitalization of $6,403.88, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 2.62 and a beta of 1.16. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.78 and a quick ratio of 2.10. CommScope Holding Company, Inc. has a 52-week low of $30.95 and a 52-week high of $42.75.
CommScope Holding (NASDAQ:COMM) last released its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. CommScope Holding had a return on equity of 29.11% and a net margin of 4.21%. CommScope Holding’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 earnings per share. equities analysts expect that CommScope Holding Company, Inc. will post 2.01 EPS for the current fiscal year.
CommScope Holding declared that its board has initiated a stock buyback program on Thursday, August 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the communications equipment provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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A number of equities analysts have recently commented on the company. Northland Securities reissued a “hold” rating and set a $30.00 price objective on shares of CommScope Holding in a research report on Thursday, August 3rd. BidaskClub raised CommScope Holding from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research downgraded CommScope Holding from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Cross Research cut CommScope Holding from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Longbow Research cut CommScope Holding from a “buy” rating to a “neutral” rating in a research note on Friday, August 4th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $40.30.
CommScope Holding Company Profile
CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.
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