Zeke Capital Advisors LLC Has $975,000 Stake in Commscope Holding Company Inc (NASDAQ:COMM)

Zeke Capital Advisors LLC raised its position in shares of Commscope Holding Company Inc (NASDAQ:COMM) by 108.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,967 shares of the communications equipment provider’s stock after purchasing an additional 32,178 shares during the period. Zeke Capital Advisors LLC’s holdings in Commscope were worth $975,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Raymond James & Associates bought a new position in Commscope in the 4th quarter valued at $359,000. Dimensional Fund Advisors LP boosted its position in Commscope by 24.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,780,801 shares of the communications equipment provider’s stock valued at $29,187,000 after buying an additional 350,675 shares during the last quarter. Bank of America Corp DE boosted its position in Commscope by 2.3% in the 4th quarter. Bank of America Corp DE now owns 507,080 shares of the communications equipment provider’s stock valued at $8,311,000 after buying an additional 11,174 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in Commscope by 42.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 83,232 shares of the communications equipment provider’s stock valued at $1,364,000 after buying an additional 24,900 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Commscope by 24.6% in the 4th quarter. Legal & General Group Plc now owns 362,551 shares of the communications equipment provider’s stock valued at $5,943,000 after buying an additional 71,671 shares during the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

Shares of COMM traded down $0.61 during midday trading on Monday, hitting $13.13. The stock had a trading volume of 1,708,507 shares, compared to its average volume of 3,029,334. The firm has a 50 day moving average of $15.34. Commscope Holding Company Inc has a twelve month low of $13.38 and a twelve month high of $31.98. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 6.22, a price-to-earnings-growth ratio of 0.31 and a beta of 1.44. The company has a current ratio of 2.01, a quick ratio of 1.42 and a debt-to-equity ratio of 4.28.

Commscope (NASDAQ:COMM) last released its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.07. Commscope had a return on equity of 23.46% and a net margin of 2.29%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side analysts predict that Commscope Holding Company Inc will post 2.24 earnings per share for the current fiscal year.

A number of brokerages have commented on COMM. Raymond James lowered Commscope from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $25.00 to $21.00 in a research report on Friday, June 14th. Credit Suisse Group decreased their price objective on Commscope from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 23rd. Rosenblatt Securities upgraded Commscope from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $24.00 to $22.00 in a research report on Wednesday, June 12th. Morgan Stanley upgraded Commscope from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research report on Wednesday, June 5th. Finally, Deutsche Bank began coverage on Commscope in a research report on Friday, April 12th. They issued a “buy” rating and a $40.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.62.

In related news, COO Bruce William Mcclelland bought 3,500 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $18.00 per share, with a total value of $63,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank M. Drendel sold 80,800 shares of Commscope stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $18.35, for a total value of $1,482,680.00. The disclosure for this sale can be found here. Company insiders own 3.25% of the company’s stock.

Commscope Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers.

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Institutional Ownership by Quarter for Commscope (NASDAQ:COMM)

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