Paloma Partners Management Co Boosts Holdings in CommScope Holding Company, Inc. (NASDAQ:COMM)

Paloma Partners Management Co raised its stake in CommScope Holding Company, Inc. (NASDAQ:COMM) by 269.8% during the fourth quarter, Holdings Channel reports. The fund owned 129,413 shares of the communications equipment provider’s stock after buying an additional 94,413 shares during the period. Paloma Partners Management Co’s holdings in CommScope were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. bought a new stake in CommScope during the 3rd quarter valued at $755,000. JPMorgan Chase & Co. increased its holdings in shares of CommScope by 151.9% in the third quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider’s stock worth $5,500,000 after purchasing an additional 542,794 shares during the period. Diversified Trust Co boosted its stake in CommScope by 11.1% during the fourth quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider’s stock valued at $252,000 after buying an additional 4,827 shares during the period. Ballentine Partners LLC purchased a new position in CommScope during the fourth quarter worth about $58,000. Finally, SG Americas Securities LLC increased its stake in CommScope by 130.6% in the 4th quarter. SG Americas Securities LLC now owns 45,650 shares of the communications equipment provider’s stock worth $238,000 after acquiring an additional 25,855 shares during the last quarter. 88.04% of the stock is currently owned by institutional investors.

CommScope Stock Performance

Shares of COMM opened at $3.95 on Tuesday. The firm has a 50 day moving average price of $4.70 and a 200-day moving average price of $5.15. CommScope Holding Company, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The firm has a market cap of $855.42 million, a price-to-earnings ratio of -0.89, a PEG ratio of 0.41 and a beta of 1.98.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on COMM. JPMorgan Chase & Co. upgraded 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.00 price target on shares of CommScope in a research note on Thursday, February 27th. Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, StockNews.com upgraded 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 given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, CommScope has a consensus rating of “Hold” and a consensus price target of $4.75.

CommScope Company 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.