Inceptionr LLC Takes Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Inceptionr LLC acquired a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 18,562 shares of the communications equipment provider’s stock, valued at approximately $97,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in CommScope by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,111,866 shares of the communications equipment provider’s stock worth $31,239,000 after acquiring an additional 155,166 shares during the last quarter. State Street Corp raised its stake 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 worth $28,034,000 after acquiring an additional 387,466 shares during the last quarter. Two Sigma Advisers LP raised its stake in CommScope by 29.3% in the 3rd quarter. Two Sigma Advisers LP now owns 4,303,800 shares of the communications equipment provider’s stock worth $26,296,000 after acquiring an additional 975,200 shares during the last quarter. Monarch Alternative Capital LP purchased a new position in CommScope in the 3rd quarter worth $16,623,000. Finally, Bank of Montreal Can purchased a new position in CommScope in the 3rd quarter worth $7,023,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

CommScope Stock Down 12.1 %

NASDAQ:COMM opened at $4.66 on Tuesday. 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 capitalization of $1.01 billion, a PE ratio of -1.05, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89. The stock’s 50-day moving average price is $5.29 and its 200-day moving average price is $5.39.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on COMM shares. JPMorgan Chase & Co. upgraded CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research note on Tuesday, January 14th. Morgan Stanley downgraded CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research report on Tuesday, December 17th. Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $7.00 price target on shares of CommScope in a research report on Thursday, February 27th. Finally, StockNews.com raised CommScope from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, CommScope has a consensus rating of “Hold” and an average price target of $4.00.

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.