Robeco Institutional Asset Management B.V. Sells 1,549 Shares of Commscope Holding Company Inc (NASDAQ:COMM)

Robeco Institutional Asset Management B.V. decreased its stake in Commscope Holding Company Inc (NASDAQ:COMM) by 9.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,848 shares of the communications equipment provider’s stock after selling 1,549 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Commscope were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of COMM. Machina Capital S.A.S. increased its stake in shares of Commscope by 174.1% in the second quarter. Machina Capital S.A.S. now owns 5,236 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 3,326 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Commscope by 200.6% in the first quarter. Advisors Asset Management Inc. now owns 6,382 shares of the communications equipment provider’s stock valued at $139,000 after buying an additional 4,259 shares during the period. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of Commscope in the second quarter valued at about $164,000. Bank of Montreal Can increased its stake in shares of Commscope by 24.9% in the first quarter. Bank of Montreal Can now owns 8,256 shares of the communications equipment provider’s stock valued at $179,000 after buying an additional 1,644 shares during the period. Finally, New Jersey Better Educational Savings Trust acquired a new stake in shares of Commscope in the second quarter valued at about $189,000. 98.39% of the stock is owned by institutional investors.

NASDAQ COMM opened at $12.20 on Friday. The business’s 50 day simple moving average is $14.97. Commscope Holding Company Inc has a one year low of $12.14 and a one year high of $31.96. The firm has a market capitalization of $2.36 billion, a PE ratio of 5.78, a P/E/G ratio of 0.29 and a beta of 1.43. The company has a quick ratio of 1.42, a current ratio of 2.01 and a debt-to-equity ratio of 4.28.

Commscope (NASDAQ:COMM) last released its earnings results on Thursday, August 8th. The communications equipment provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.50 by $0.16. Commscope had a return on equity of 23.46% and a net margin of 2.29%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The firm’s revenue was up 107.0% on a year-over-year basis. As a group, sell-side analysts predict that Commscope Holding Company Inc will post 2.24 earnings per share for the current year.

In other Commscope news, Director Frank M. Drendel sold 80,800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $18.35, for a total value of $1,482,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Bruce William Mcclelland acquired 3,500 shares of Commscope stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average cost of $18.00 per share, with a total value of $63,000.00. The disclosure for this purchase can be found here. Company insiders own 3.25% of the company’s stock.

COMM has been the subject of several recent research reports. Deutsche Bank initiated coverage on Commscope in a research note on Friday, April 12th. They issued a “buy” rating and a $40.00 price target for the company. Northland Securities reissued a “buy” rating and issued a $22.50 price target on shares of Commscope in a research note on Friday. Morgan Stanley raised Commscope from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Wednesday, June 5th. BidaskClub cut Commscope from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 23rd. Finally, Zacks Investment Research cut Commscope from a “strong-buy” rating to a “sell” rating and set a $17.00 target price for the company. in a research note on Tuesday, June 4th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.86.

Commscope Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

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Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

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