1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new position in CommScope Holding Company, Inc. ( NASDAQ:COMM – Free Report ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 40,800 shares of the communications equipment provider’s stock, valued at approximately $213,000.
A number of other large investors have also modified their holdings of the stock. National Bank of Canada FI grew its stake in CommScope by 109.1% during the 3rd quarter.
National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,857 shares in the last quarter. Quarry LP grew its position in shares of CommScope by 1,005.4% during the third quarter.
Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after buying an additional 7,380 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of CommScope during the fourth quarter worth approximately $56,000. Ballentine Partners LLC acquired a new stake in CommScope in the fourth quarter valued at approximately $58,000.
Finally, Jones Financial Companies Lllp purchased a new position in CommScope in the fourth quarter worth approximately $60,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.
Wall Street Analysts Forecast Growth A number of brokerages have commented on COMM. Raymond James downgraded shares of 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 target price on the stock in a report on Tuesday, January 14th. Morgan Stanley downgraded CommScope from an “equal weight” rating to an “underweight” rating and set a $5.
00 price target for the company. in a report on Tuesday, December 17th. StockNews.
com upgraded CommScope from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th.
Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, CommScope has an average rating of “Hold” and a consensus price target of $4.
75. CommScope Price Performance NASDAQ COMM opened at $3.64 on Tuesday.
The company has a fifty day moving average of $5.22 and a two-hundred day moving average of $5.45.
CommScope Holding Company, Inc. has a 1 year low of $0.86 and a 1 year high of $7.
19. The company has a market capitalization of $788.28 million, a PE ratio of -0.
82, 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 Five stocks we like better than CommScope How to Calculate Inflation Rate Options Activity Points to More Volatility for Palantir Stock Value Investing: Is it a Good Strategy in 2022? (Hint: Always) NVIDIA Stock: Oversold, Undervalued — How Low Can It Go? What Does a Stock Split Mean? MicroStrategy Sees Insider Buy-Sell Action in Q1 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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