Semanteon Capital Management LP Reduces Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

Semanteon Capital Management LP lowered its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 88.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,040 shares of the communications equipment provider’s stock after selling 165,408 shares during the period. Semanteon Capital Management LP’s holdings in CommScope were worth $110,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. National Bank of Canada FI grew its holdings 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 acquiring an additional 2,857 shares in the last quarter. Quarry LP grew its stake in CommScope by 1,005.4% in the third quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after purchasing an additional 7,380 shares in the last quarter. Ballentine Partners LLC bought a new stake in CommScope in the fourth quarter valued at about $58,000. Jones Financial Companies Lllp acquired a new stake in CommScope during the fourth quarter valued at approximately $60,000. Finally, EPIQ Capital Group LLC bought a new position in CommScope during the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 88.04% of the company’s stock.

CommScope Trading Up 2.0 %

Shares of NASDAQ COMM opened at $5.60 on Friday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -1.27, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89. CommScope Holding Company, Inc. has a 12-month low of $0.86 and a 12-month high of $7.19. The stock’s 50 day simple moving average is $5.29 and its 200 day simple moving average is $5.45.

Analyst Ratings Changes

Several research firms recently issued reports on COMM. StockNews.com raised CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. 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. JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a report on Tuesday, January 14th. Raymond James lowered shares of CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $7.00 target price on shares of CommScope in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.75.

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.