Cannell & Spears LLC Has $156,000 Stock Position in CommScope Holding Company, Inc. (NASDAQ:COMM)

Cannell & Spears LLC reduced its holdings in CommScope Holding Company, Inc. (NASDAQ:COMM) by 67.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,000 shares of the communications equipment provider’s stock after selling 61,000 shares during the quarter. Cannell & Spears LLC’s holdings in CommScope were worth $156,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in COMM. Pictet Asset Management Holding SA acquired a new position in shares of CommScope during the 4th quarter valued at $171,000. Vanguard Group Inc. raised its holdings in shares of CommScope by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 22,752,737 shares of the communications equipment provider’s stock valued at $118,542,000 after purchasing an additional 694,363 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of CommScope in the 4th quarter valued at about $213,000. Sciencast Management LP bought a new stake in CommScope in the 4th quarter valued at about $56,000. Finally, Intech Investment Management LLC raised its stake in CommScope by 108.4% during the 4th quarter. Intech Investment Management LLC now owns 103,033 shares of the communications equipment provider’s stock worth $537,000 after buying an additional 53,587 shares during the period. 88.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COMM has been the subject of a number of research reports. JPMorgan Chase & Co. raised CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research note on Tuesday, January 14th. StockNews.com upgraded shares of CommScope from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Morgan Stanley downgraded shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $7.00 target price on shares of CommScope in a research report on Thursday, February 27th. Finally, Raymond James cut shares of CommScope from a “market perform” rating to an “underperform” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.75.

CommScope Price Performance

COMM opened at $5.37 on Wednesday. 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 $5.32 and its 200 day moving average is $5.50. The firm has a market capitalization of $1.16 billion, a P/E ratio of -1.21, a PEG ratio of 0.41 and a beta of 1.89.

CommScope Company Profile

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.