Commscope Holding Company Inc (COMM) Position Boosted by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB lifted its position in shares of Commscope Holding Company Inc (NASDAQ:COMM) by 5.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 34,652 shares of the communications equipment provider’s stock after buying an additional 1,722 shares during the period. Xact Kapitalforvaltning AB’s holdings in Commscope were worth $1,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in COMM. The Manufacturers Life Insurance Company lifted its stake in shares of Commscope by 29.6% during the second quarter. The Manufacturers Life Insurance Company now owns 7,705 shares of the communications equipment provider’s stock valued at $294,000 after buying an additional 1,760 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Commscope by 16.1% during the third quarter. New York State Common Retirement Fund now owns 463,414 shares of the communications equipment provider’s stock valued at $15,390,000 after buying an additional 64,414 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Commscope by 8.5% during the third quarter. Advisors Asset Management Inc. now owns 20,072 shares of the communications equipment provider’s stock valued at $667,000 after buying an additional 1,568 shares during the period. Legal & General Group Plc lifted its stake in shares of Commscope by 5.9% during the third quarter. Legal & General Group Plc now owns 263,645 shares of the communications equipment provider’s stock valued at $8,753,000 after buying an additional 14,734 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Commscope by 13.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,165,861 shares of the communications equipment provider’s stock valued at $38,715,000 after buying an additional 136,301 shares during the period.

How to Become a New Pot Stock Millionaire

In other news, Director Frank M. Drendel sold 15,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $38.02, for a total value of $570,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank M. Drendel sold 58,983 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $40.22, for a total transaction of $2,372,296.26. The disclosure for this sale can be found here. Insiders sold 212,558 shares of company stock valued at $8,380,578 in the last three months. Company insiders own 3.35% of the company’s stock.

Several equities analysts recently issued reports on the stock. Citigroup reissued a “buy” rating and set a $47.00 price objective (up previously from $45.00) on shares of Commscope in a research note on Friday, March 9th. BidaskClub raised shares of Commscope from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Northland Securities reaffirmed a “hold” rating and set a $33.00 price target on shares of Commscope in a research report on Friday, February 16th. Zacks Investment Research raised shares of Commscope from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, February 20th. Finally, Longbow Research raised shares of Commscope from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Commscope presently has an average rating of “Buy” and an average price target of $42.78.

Shares of COMM stock opened at $39.97 on Monday. Commscope Holding Company Inc has a one year low of $30.95 and a one year high of $42.75. The company has a quick ratio of 2.07, a current ratio of 2.69 and a debt-to-equity ratio of 2.65. The company has a market cap of $7,670.10, a P/E ratio of 19.79, a P/E/G ratio of 2.14 and a beta of 1.05.

Commscope (NASDAQ:COMM) last issued its quarterly earnings results on Thursday, February 15th. The communications equipment provider reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Commscope had a net margin of 4.25% and a return on equity of 26.02%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. Commscope’s revenue for the quarter was down 5.0% compared to the same quarter last year. research analysts anticipate that Commscope Holding Company Inc will post 2.45 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Commscope Holding Company Inc (COMM) Position Boosted by Xact Kapitalforvaltning AB” was originally reported by WKRB News and is the sole property of of WKRB News. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.wkrb13.com/2018/04/02/commscope-holding-company-inc-comm-position-boosted-by-xact-kapitalforvaltning-ab.html.

Commscope 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.

Want to see what other hedge funds are holding COMM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commscope Holding Company Inc (NASDAQ:COMM).

Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

Receive News & Ratings for Commscope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commscope and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply