Taurus Asset Management LLC Purchases Shares of 6,684 Commscope Holding Company Inc (COMM)

Taurus Asset Management LLC purchased a new stake in Commscope Holding Company Inc (NASDAQ:COMM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,684 shares of the communications equipment provider’s stock, valued at approximately $222,000.

A number of other hedge funds also recently bought and sold shares of COMM. Krilogy Financial LLC grew its position in Commscope by 5.7% in the second quarter. Krilogy Financial LLC now owns 3,170 shares of the communications equipment provider’s stock valued at $121,000 after acquiring an additional 170 shares during the last quarter. Scotia Capital Inc. grew its position in Commscope by 1.8% in the second quarter. Scotia Capital Inc. now owns 35,408 shares of the communications equipment provider’s stock valued at $1,346,000 after acquiring an additional 609 shares during the last quarter. Pitcairn Co. grew its position in Commscope by 5.8% in the second quarter. Pitcairn Co. now owns 11,462 shares of the communications equipment provider’s stock valued at $436,000 after acquiring an additional 626 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Commscope by 9.6% in the second quarter. Janney Montgomery Scott LLC now owns 10,494 shares of the communications equipment provider’s stock valued at $399,000 after acquiring an additional 922 shares during the last quarter. Finally, World Asset Management Inc grew its position in Commscope by 13.3% in the second quarter. World Asset Management Inc now owns 8,275 shares of the communications equipment provider’s stock valued at $315,000 after acquiring an additional 970 shares during the last quarter.

In related news, insider Marvin S. Edwards, Jr. sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $36.45, for a total value of $1,822,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.33% of the company’s stock.

COMM has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Commscope from an “equal weight” rating to an “overweight” rating and set a $38.00 target price on the stock in a research report on Thursday, August 17th. Citigroup lifted their target price on Commscope from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Northland Securities reiterated a “hold” rating on shares of Commscope in a research report on Friday, November 10th. Jefferies Group reiterated a “buy” rating and issued a $40.00 target price on shares of Commscope in a research report on Wednesday, September 20th. Finally, Zacks Investment Research upgraded Commscope from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $40.30.

Shares of Commscope Holding Company Inc (COMM) opened at $36.88 on Thursday. The firm has a market capitalization of $6,979.98, a PE ratio of 16.94, a PEG ratio of 2.85 and a beta of 1.20. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.10 and a current ratio of 2.78. Commscope Holding Company Inc has a twelve month low of $30.95 and a twelve month high of $42.75.

Commscope (NASDAQ:COMM) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Commscope had a return on equity of 29.11% and a net margin of 4.21%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 earnings per share. research analysts anticipate that Commscope Holding Company Inc will post 2.01 EPS for the current year.

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Commscope Profile

CommScope Holding Company, Inc (CommScope) is a provider of infrastructure solutions for the core, access and edge layers of communications networks. The Company operates through two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). Its portfolio includes wireless and fiber optic solutions.

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Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

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