Caliber Wealth Management LLC KS Buys Shares of 10,700 CommScope Holding Company, Inc. (NASDAQ:COMM)

Caliber Wealth Management LLC KS purchased a new stake in CommScope Holding Company, Inc. (NASDAQ:COMM) during the first quarter, according to its most recent filing with the SEC. The firm purchased 10,700 shares of the communications equipment provider’s stock, valued at approximately $57,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of CommScope in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC grew its holdings in CommScope by 826.0% in the fourth quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 6,030 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in CommScope by 67.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 4,026 shares during the last quarter. Covestor Ltd purchased a new position in CommScope in the fourth quarter worth $62,000. Finally, KBC Group NV purchased a new position in CommScope during the 1st quarter worth $65,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

CommScope Stock Up 0.5%

Shares of NASDAQ COMM opened at $7.97 on Friday. The business’s 50 day moving average price is $6.92 and its 200 day moving average price is $5.60. The firm has a market cap of $1.73 billion, a P/E ratio of 2.92, a P/E/G ratio of 0.23 and a beta of 2.38. CommScope Holding Company, Inc. has a 52 week low of $1.80 and a 52 week high of $8.67.

CommScope (NASDAQ:COMM) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. CommScope had a negative return on equity of 4.51% and a net margin of 16.89%. CommScope’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. As a group, research analysts expect that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on COMM shares. Wolfe Research initiated coverage on CommScope in a research note on Monday, July 7th. They set a “peer perform” rating on the stock. Wall Street Zen lowered CommScope from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of CommScope from $6.00 to $7.50 and gave the stock a “hold” rating in a research report on Tuesday, June 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.88.

CommScope Profile

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.