EntryPoint Capital LLC Has $104,000 Stock Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

EntryPoint Capital LLC lessened its position in CommScope Holding Company, Inc. (NASDAQ:COMM) by 15.7% in the fourth quarter, HoldingsChannel reports. The fund owned 19,903 shares of the communications equipment provider’s stock after selling 3,698 shares during the quarter. EntryPoint Capital LLC’s holdings in CommScope were worth $104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of COMM. BNP Paribas Financial Markets grew its position in CommScope by 415.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 188,182 shares of the communications equipment provider’s stock valued at $1,150,000 after purchasing an additional 151,640 shares during the period. JPMorgan Chase & Co. increased its position in shares of CommScope by 151.9% during the third quarter. JPMorgan Chase & Co. now owns 900,089 shares of the communications equipment provider’s stock worth $5,500,000 after acquiring an additional 542,794 shares in the last quarter. Monarch Alternative Capital LP acquired a new stake in shares of CommScope in the 3rd quarter worth about $16,623,000. Point72 Asset Management L.P. acquired a new stake in shares of CommScope in the 3rd quarter worth about $894,000. Finally, State Street Corp lifted its position in CommScope by 9.2% in the 3rd quarter. State Street Corp now owns 4,588,286 shares of the communications equipment provider’s stock valued at $28,034,000 after acquiring an additional 387,466 shares in the last quarter. Institutional investors own 88.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com raised CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Raymond James cut CommScope from a “market perform” rating to an “underperform” rating in a research note on Monday, January 6th. Morgan Stanley lowered 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 note on Tuesday, December 17th. JPMorgan Chase & Co. raised shares of 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, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $7.00 price objective on shares of CommScope in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.75.

CommScope Stock Performance

Shares of NASDAQ:COMM opened at $5.37 on Monday. CommScope Holding Company, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $7.19. The company’s 50-day moving average is $5.33 and its 200 day moving average is $5.50. The company has a market capitalization of $1.16 billion, a P/E ratio of -1.21, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89.

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.