6 days Ago By ABMN Staff
Franklin Resources Inc. grew its holdings in CommScope Holding Company, Inc. ( NASDAQ:COMM – Free Report ) by 73.
7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 233,884 shares of the communications equipment provider’s stock after acquiring an additional 99,238 shares during the period. Franklin Resources Inc.
’s holdings in CommScope were worth $1,219,000 at the end of the most recent quarter. A number of other large investors have also recently made changes to their positions in COMM. Pictet Asset Management Holding SA purchased a new stake in CommScope in the fourth quarter worth $171,000.
Vanguard Group Inc. lifted its position in shares of CommScope by 3.1% in the 4th quarter.
Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider’s stock worth $118,542,000 after purchasing an additional 694,363 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of CommScope during the 4th quarter valued at about $213,000.
Sciencast Management LP purchased a new position in shares of CommScope during the fourth quarter valued at about $56,000. Finally, Intech Investment Management LLC raised its stake in CommScope by 108.4% in the fourth quarter.
Intech Investment Management LLC now owns 103,033 shares of the communications equipment provider’s stock worth $537,000 after buying an additional 53,587 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors.
Analyst Ratings Changes Several analysts have weighed in on COMM shares. Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. JPMorgan Chase & Co.
raised CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $7.
00 price objective on shares of CommScope in a report on Thursday, February 27th. Morgan Stanley cut shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock.
in a report on Tuesday, December 17th. Finally, StockNews.com upgraded shares of CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th.
Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.
75. CommScope Price Performance COMM opened at $3.44 on Tuesday.
CommScope Holding Company, Inc. has a 1 year low of $0.86 and a 1 year high of $7.
19. The stock has a 50-day moving average price of $5.02 and a 200-day moving average price of $5.
33. The firm has a market cap of $744.97 million, a PE ratio of -0.
78, a P/E/G ratio of 0.41 and a beta of 1.98.
CommScope Company Profile ( Free Report ) 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. Further Reading 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 – Free Report ). 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.
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