Centiva Capital LP Purchases 28,204 Shares of CommScope Holding Company, Inc. (NASDAQ:COMM)

Centiva Capital LP lifted its position in CommScope Holding Company, Inc. (NASDAQ:COMM) by 88.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,053 shares of the communications equipment provider’s stock after buying an additional 28,204 shares during the quarter. Centiva Capital LP’s holdings in CommScope were worth $367,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of CommScope by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 86,509 shares of the communications equipment provider’s stock valued at $106,000 after buying an additional 4,466 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in CommScope during the third quarter worth approximately $31,000. Belvedere Trading LLC bought a new stake in CommScope during the third quarter worth approximately $68,000. Creative Planning bought a new stake in CommScope during the third quarter worth approximately $73,000. Finally, SummerHaven Investment Management LLC boosted its position in CommScope by 10.4% during the second quarter. SummerHaven Investment Management LLC now owns 128,079 shares of the communications equipment provider’s stock worth $158,000 after purchasing an additional 12,017 shares during the period. Institutional investors own 88.04% of the company’s stock.

CommScope Stock Down 0.9 %

Shares of COMM stock opened at $5.26 on Tuesday. CommScope Holding Company, Inc. has a 12 month low of $0.86 and a 12 month high of $7.19. The firm has a market cap of $1.14 billion, a PE ratio of -1.19 and a beta of 1.96. The stock has a 50 day moving average of $5.57 and a 200-day moving average of $3.79.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on COMM. Northland Securities upped their target price on CommScope from $1.25 to $2.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. StockNews.com raised CommScope from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Morgan Stanley upped their target price on CommScope from $2.70 to $5.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $2.50.

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.