Landscape Capital Management L.L.C. Lowers Holdings in CommScope Holding Company, Inc. $COMM

Landscape Capital Management L.L.C. cut its position in CommScope Holding Company, Inc. (NASDAQ:COMM) by 10.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,254 shares of the communications equipment provider’s stock after selling 2,670 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in CommScope were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ieq Capital LLC purchased a new stake in CommScope in the 1st quarter worth approximately $1,790,000. Jones Road Capital Management L.P. lifted its stake in CommScope by 61.9% in the 1st quarter. Jones Road Capital Management L.P. now owns 607,000 shares of the communications equipment provider’s stock worth $3,223,000 after purchasing an additional 232,000 shares in the last quarter. Versor Investments LP lifted its stake in CommScope by 531.9% in the 1st quarter. Versor Investments LP now owns 104,900 shares of the communications equipment provider’s stock worth $557,000 after purchasing an additional 88,300 shares in the last quarter. Algert Global LLC raised its position in shares of CommScope by 8.3% during the 1st quarter. Algert Global LLC now owns 158,885 shares of the communications equipment provider’s stock valued at $844,000 after buying an additional 12,140 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of CommScope during the 1st quarter valued at $91,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

CommScope Stock Performance

COMM stock opened at $16.04 on Tuesday. CommScope Holding Company, Inc. has a 52 week low of $2.94 and a 52 week high of $16.61. The firm’s fifty day moving average is $11.13 and its 200 day moving average is $7.22. The firm has a market cap of $3.55 billion, a P/E ratio of 6.03, a P/E/G ratio of 0.57 and a beta of 2.46.

CommScope (NASDAQ:COMM) last released its earnings results on Monday, August 4th. The communications equipment provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. CommScope had a net margin of 16.61% and a negative return on equity of 6.29%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, analysts forecast that CommScope Holding Company, Inc. will post -0.24 EPS for the current year.

Analyst Ratings Changes

COMM has been the topic of several research reports. Wall Street Zen cut shares of CommScope from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Morgan Stanley upgraded shares of CommScope from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $4.00 to $17.00 in a research report on Tuesday, August 5th. Northland Capmk upgraded shares of CommScope from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 4th. Bank of America upgraded shares of CommScope from an “underperform” rating to a “buy” rating and raised their price objective for the company from $4.00 to $20.00 in a research report on Thursday, August 7th. Finally, Wolfe Research initiated coverage on shares of CommScope in a research report on Monday, July 7th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.75.

About CommScope

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.