Virtu Financial LLC Has $111,000 Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Virtu Financial LLC lessened its position in CommScope Holding Company, Inc. (NASDAQ:COMM) by 81.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,181 shares of the communications equipment provider’s stock after selling 80,451 shares during the quarter. Virtu Financial LLC’s holdings in CommScope were worth $111,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new stake in shares of CommScope in the third quarter worth $31,000. National Bank of Canada FI increased its stake in CommScope by 109.1% in the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 2,857 shares during the last quarter. Quarry LP lifted its position in CommScope by 1,005.4% during the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after buying an additional 7,380 shares in the last quarter. Belvedere Trading LLC acquired a new position in shares of CommScope during the 3rd quarter worth about $68,000. Finally, Creative Planning bought a new position in shares of CommScope in the 3rd quarter valued at about $73,000. Institutional investors own 88.04% of the company’s stock.

Analyst Ratings Changes

Separately, Morgan Stanley lowered 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. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $2.50.

CommScope Stock Performance

Shares of COMM stock opened at $5.70 on Friday. CommScope Holding Company, Inc. has a 52-week low of $0.86 and a 52-week high of $7.19. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -1.29 and a beta of 1.95. The firm’s 50-day moving average is $5.52 and its 200-day moving average is $4.00.

CommScope (NASDAQ:COMM) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.38). CommScope had a negative net margin of 18.10% and a negative return on equity of 1.01%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company earned $0.10 EPS. CommScope’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts predict that CommScope Holding Company, Inc. will post -0.77 EPS for the current fiscal year.

About CommScope

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.