Inspire Investing LLC Purchases 10,089 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Inspire Investing LLC grew its holdings in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,276 shares of the communications equipment provider’s stock after purchasing an additional 10,089 shares during the period. Inspire Investing LLC’s holdings in CommScope were worth $403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in shares of CommScope by 415.0% during the third quarter. BNP Paribas Financial Markets now owns 188,182 shares of the communications equipment provider’s stock valued at $1,150,000 after buying an additional 151,640 shares during the last quarter. 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 valued at $5,500,000 after purchasing an additional 542,794 shares during the period. Monarch Alternative Capital LP purchased a new position in shares of CommScope in the third quarter worth about $16,623,000. XTX Topco Ltd raised its stake in shares of CommScope by 263.1% in the second quarter. XTX Topco Ltd now owns 198,264 shares of the communications equipment provider’s stock worth $244,000 after purchasing an additional 143,654 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in CommScope in the second quarter valued at approximately $144,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on COMM shares. Raymond James lowered shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Morgan Stanley downgraded shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research note on Tuesday, January 14th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.00.

CommScope Trading Down 5.6 %

Shares of COMM opened at $5.53 on Friday. The firm has a market cap of $1.19 billion, a P/E ratio of -1.25, a PEG ratio of 0.67 and a beta of 1.92. The stock’s 50 day moving average is $5.29 and its two-hundred day moving average is $4.74. CommScope Holding Company, Inc. has a 12 month low of $0.86 and a 12 month high of $7.19.

CommScope (NASDAQ:COMM) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.38). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.42 billion. CommScope had a negative return on equity of 1.01% and a negative net margin of 18.10%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. Equities research analysts forecast that CommScope Holding Company, Inc. will post -0.85 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.