Aster Capital Management DIFC Ltd Purchases Shares of 5,179 CommScope Holding Company, Inc. (NASDAQ:COMM)

Aster Capital Management DIFC Ltd acquired a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,179 shares of the communications equipment provider’s stock, valued at approximately $27,000.

Several other large investors also recently made changes to their positions in COMM. Wedbush Securities Inc. acquired a new position in shares of CommScope during the fourth quarter valued at about $90,000. Wells Fargo & Company MN increased its holdings in CommScope by 23.8% during the 4th quarter. Wells Fargo & Company MN now owns 135,532 shares of the communications equipment provider’s stock worth $706,000 after purchasing an additional 26,016 shares in the last quarter. Trexquant Investment LP raised its stake in shares of CommScope by 381.5% in the fourth quarter. Trexquant Investment LP now owns 799,105 shares of the communications equipment provider’s stock worth $4,163,000 after purchasing an additional 633,146 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CommScope by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 5,126,442 shares of the communications equipment provider’s stock valued at $26,715,000 after purchasing an additional 14,576 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in CommScope by 73.7% during the 4th quarter. Franklin Resources Inc. now owns 233,884 shares of the communications equipment provider’s stock valued at $1,219,000 after acquiring an additional 99,238 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Raymond James lowered shares of CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Morgan Stanley cut CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research note on Tuesday, December 17th. JPMorgan Chase & Co. upgraded shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a research report on Tuesday, January 14th. Finally, StockNews.com raised shares of CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.75.

CommScope Stock Down 10.9 %

Shares of NASDAQ:COMM opened at $3.44 on Friday. The firm has a market capitalization of $744.97 million, a PE ratio of -0.78, a P/E/G ratio of 0.41 and a beta of 1.98. The company has a 50-day moving average price of $5.08 and a two-hundred day moving average price of $5.37. CommScope Holding Company, Inc. has a twelve month low of $0.86 and a twelve month high of $7.19.

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.