Gladstone Institutional Advisory LLC Purchases Shares of 35,038 CommScope Holding Company, Inc. $COMM

Gladstone Institutional Advisory LLC acquired a new position in CommScope Holding Company, Inc. (NASDAQ:COMM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 35,038 shares of the communications equipment provider’s stock, valued at approximately $542,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COMM. Osaic Holdings Inc. grew its stake in CommScope by 4.7% during the second quarter. Osaic Holdings Inc. now owns 18,047 shares of the communications equipment provider’s stock worth $149,000 after purchasing an additional 818 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of CommScope by 5.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 21,792 shares of the communications equipment provider’s stock worth $180,000 after buying an additional 1,191 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of CommScope by 14.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,121 shares of the communications equipment provider’s stock worth $117,000 after buying an additional 1,748 shares during the period. Raymond James Financial Inc. grew its position in shares of CommScope by 11.7% during the 2nd quarter. Raymond James Financial Inc. now owns 24,114 shares of the communications equipment provider’s stock worth $200,000 after buying an additional 2,525 shares during the period. Finally, Range Financial Group LLC increased its stake in shares of CommScope by 1.3% in the 3rd quarter. Range Financial Group LLC now owns 206,168 shares of the communications equipment provider’s stock valued at $3,191,000 after acquiring an additional 2,612 shares in the last quarter. 88.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of CommScope in a research note on Wednesday, October 8th. Northland Securities set a $25.00 price objective on shares of CommScope in a research report on Friday, October 31st. Bank of America boosted their target price on CommScope from $20.00 to $23.50 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wall Street Zen raised CommScope from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, Zacks Research cut CommScope from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.17.

CommScope Stock Up 0.5%

COMM stock opened at $17.78 on Friday. The firm has a market capitalization of $3.94 billion, a PE ratio of 5.42, a P/E/G ratio of 0.77 and a beta of 2.39. CommScope Holding Company, Inc. has a twelve month low of $2.94 and a twelve month high of $20.55. The stock’s 50 day moving average is $18.15 and its 200-day moving average is $14.95.

About CommScope

CommScope Holdings, Inc is a global provider of network infrastructure solutions that enable the seamless transmission of voice, video and data across wired and wireless networks. The company designs, manufactures and delivers a broad portfolio of cable, connectivity and networking products, including fiber-optic and coaxial cables, modular connectivity systems, antennas, small cells and distributed antenna systems (DAS). CommScope’s offerings support the growing demands of telecommunications service providers, cable operators, enterprise customers and data center operators that require scalable, high-performance solutions.

Serving customers in more than 150 countries, CommScope’s product lines span the full network lifecycle from planning and design through installation and maintenance.