Lingohr & Partner Asset Management GmbH Grows Position in CommScope Holding Company, Inc. (COMM)

Lingohr & Partner Asset Management GmbH increased its position in CommScope Holding Company, Inc. (NASDAQ:COMM) by 23.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,640 shares of the communications equipment provider’s stock after buying an additional 5,644 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in CommScope Holding were worth $1,236,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in CommScope Holding by 6.2% in the first quarter. Vanguard Group Inc. now owns 15,659,544 shares of the communications equipment provider’s stock worth $653,159,000 after buying an additional 920,612 shares during the last quarter. BlackRock Inc. increased its holdings in CommScope Holding by 19.0% in the second quarter. BlackRock Inc. now owns 15,275,547 shares of the communications equipment provider’s stock worth $580,929,000 after buying an additional 2,438,894 shares during the last quarter. FMR LLC increased its holdings in CommScope Holding by 10.1% in the first quarter. FMR LLC now owns 10,577,696 shares of the communications equipment provider’s stock worth $441,196,000 after buying an additional 970,424 shares during the last quarter. Wellington Management Group LLP increased its holdings in CommScope Holding by 70.1% in the first quarter. Wellington Management Group LLP now owns 9,147,906 shares of the communications equipment provider’s stock worth $381,560,000 after buying an additional 3,770,507 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in CommScope Holding by 54.5% in the second quarter. JPMorgan Chase & Co. now owns 8,307,534 shares of the communications equipment provider’s stock worth $315,936,000 after buying an additional 2,930,632 shares during the last quarter.

A number of equities analysts recently commented on COMM shares. Zacks Investment Research upgraded CommScope Holding from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Jefferies Group LLC restated a “buy” rating and issued a $43.00 price objective on shares of CommScope Holding in a report on Friday, July 14th. Morgan Stanley upgraded CommScope Holding from an “equal weight” rating to an “overweight” rating and set a $38.00 price objective on the stock in a report on Thursday, August 17th. BidaskClub downgraded CommScope Holding from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, TheStreet downgraded CommScope Holding from a “b” rating to a “c+” rating in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. CommScope Holding currently has a consensus rating of “Buy” and a consensus target price of $41.73.

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In related news, Director Claudius E. Iv Watts acquired 15,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $32.87 per share, for a total transaction of $493,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Timothy T. Yates acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of $32.62 per share, for a total transaction of $163,100.00. The disclosure for this purchase can be found here. Corporate insiders own 3.33% of the company’s stock.

Shares of CommScope Holding Company, Inc. (NASDAQ COMM) traded up 0.96% during trading on Friday, reaching $33.58. The company’s stock had a trading volume of 1,350,931 shares. CommScope Holding Company, Inc. has a 52 week low of $29.57 and a 52 week high of $42.75. The company has a market cap of $6.48 billion, a PE ratio of 28.03 and a beta of 1.19. The stock’s 50 day moving average price is $33.36 and its 200 day moving average price is $37.22.

CommScope Holding (NASDAQ:COMM) last announced its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.05). CommScope Holding had a return on equity of 33.38% and a net margin of 4.96%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. Equities research analysts predict that CommScope Holding Company, Inc. will post $2.22 EPS for the current year.

CommScope Holding announced that its Board of Directors has initiated a share repurchase program on Thursday, August 3rd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

About CommScope Holding

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.

Institutional Ownership by Quarter for CommScope Holding (NASDAQ:COMM)

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