AA Financial Advisors LLC Raises Holdings in CommScope Holding Company, Inc. $COMM

AA Financial Advisors LLC increased its position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 30.1% in the 2nd quarter, Holdings Channel reports. The firm owned 707,051 shares of the communications equipment provider’s stock after purchasing an additional 163,391 shares during the period. CommScope accounts for approximately 1.3% of AA Financial Advisors LLC’s portfolio, making the stock its 28th largest position. AA Financial Advisors LLC’s holdings in CommScope were worth $5,854,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Banque Transatlantique SA purchased a new stake in CommScope in the 1st quarter valued at $34,000. Caliber Wealth Management LLC KS purchased a new stake in CommScope in the 1st quarter valued at $57,000. KBC Group NV purchased a new stake in CommScope in the 1st quarter valued at $65,000. GAMMA Investing LLC grew its holdings in CommScope by 717.7% in the 1st quarter. GAMMA Investing LLC now owns 16,026 shares of the communications equipment provider’s stock valued at $85,000 after buying an additional 14,066 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in CommScope in the 1st quarter valued at $86,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

CommScope Trading Down 0.5%

COMM opened at $16.45 on Friday. The stock’s 50-day moving average price is $13.43 and its 200 day moving average price is $8.23. CommScope Holding Company, Inc. has a 12-month low of $2.94 and a 12-month high of $16.98. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 0.57 and a beta of 2.47.

CommScope (NASDAQ:COMM) last posted its earnings results on Monday, August 4th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.20. CommScope had a negative return on equity of 6.29% and a net margin of 16.61%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company earned $0.34 EPS. CommScope’s revenue was up 31.7% on a year-over-year basis. On average, research analysts forecast that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

COMM has been the subject of several analyst reports. Northland Capmk upgraded CommScope from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. Wolfe Research initiated coverage on CommScope in a report on Monday, July 7th. They issued a “peer perform” rating for the company. Wall Street Zen cut CommScope from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Deutsche Bank Aktiengesellschaft upped their price target on CommScope from $6.00 to $7.50 and gave the company a “hold” rating in a research note on Tuesday, June 24th. Finally, Northland Securities set a $20.00 price target on CommScope in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.75.

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.