D. E. Shaw & Co. Inc. Has $33.94 Million Stake in CommScope Holding Company, Inc. (NASDAQ:COMM)

D. E. Shaw & Co. Inc. lowered its stake in CommScope Holding Company, Inc. (NASDAQ:COMM) by 21.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,513,748 shares of the communications equipment provider’s stock after selling 1,765,049 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in CommScope were worth $33,937,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in CommScope by 67.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 4,026 shares during the last quarter. Bayesian Capital Management LP lifted its stake in shares of CommScope by 25.6% in the fourth quarter. Bayesian Capital Management LP now owns 22,100 shares of the communications equipment provider’s stock worth $115,000 after buying an additional 4,500 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of CommScope by 11.1% during the 4th quarter. Diversified Trust Co now owns 48,405 shares of the communications equipment provider’s stock worth $252,000 after buying an additional 4,827 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in CommScope in the 4th quarter valued at $27,000. Finally, Sterling Capital Management LLC raised its holdings in CommScope by 826.0% in the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider’s stock worth $35,000 after acquiring an additional 6,030 shares during the period. Institutional investors own 88.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COMM shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $7.00 price target on shares of CommScope in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com raised CommScope from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.75.

CommScope Stock Down 1.2 %

Shares of COMM opened at $4.82 on Friday. The stock’s 50-day moving average price is $4.50 and its 200 day moving average price is $5.07. CommScope Holding Company, Inc. has a 12-month low of $1.00 and a 12-month high of $7.19. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -1.09, a P/E/G ratio of 0.41 and a beta of 2.06.

CommScope (NASDAQ:COMM) last issued its earnings results on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.07 by $0.07. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. CommScope’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the business earned ($0.08) earnings per share. Equities research analysts expect that CommScope Holding Company, Inc. will post -0.24 EPS for the current year.

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.