CommScope Holding Company, Inc. $COMM Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in CommScope Holding Company, Inc. (NASDAQ:COMM) by 508.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 358,133 shares of the communications equipment provider’s stock after purchasing an additional 299,297 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in CommScope were worth $5,544,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bayforest Capital Ltd acquired a new stake in shares of CommScope during the 3rd quarter worth about $38,000. Harbor Capital Advisors Inc. purchased a new position in shares of CommScope in the 3rd quarter worth about $43,000. Wolff Wiese Magana LLC purchased a new position in shares of CommScope in the 3rd quarter valued at $46,000. West Michigan Advisors LLC purchased a new position in CommScope in the second quarter valued at about $83,000. Finally, CWM LLC lifted its position in CommScope by 236.5% during the 2nd quarter. CWM LLC now owns 11,156 shares of the communications equipment provider’s stock worth $92,000 after acquiring an additional 7,841 shares in the last quarter. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COMM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CommScope in a research report on Wednesday, October 8th. Wall Street Zen upgraded CommScope from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Zacks Research lowered shares of CommScope from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Bank of America boosted their price target on shares of CommScope from $20.00 to $23.50 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Northland Securities set a $25.00 price objective on CommScope in a report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.40.

CommScope Trading Up 1.9%

Shares of CommScope stock opened at $19.41 on Tuesday. The company’s fifty day simple moving average is $18.77 and its 200-day simple moving average is $16.00. CommScope Holding Company, Inc. has a 1 year low of $2.94 and a 1 year high of $20.55. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.85 and a beta of 2.39.

CommScope Company Profile

CommScope Holdings, Inc is a global provider of network infrastructure solutions that enable the seamless transmission of voice, video and data across wired and wireless networks. The company designs, manufactures and delivers a broad portfolio of cable, connectivity and networking products, including fiber-optic and coaxial cables, modular connectivity systems, antennas, small cells and distributed antenna systems (DAS). CommScope’s offerings support the growing demands of telecommunications service providers, cable operators, enterprise customers and data center operators that require scalable, high-performance solutions.

Serving customers in more than 150 countries, CommScope’s product lines span the full network lifecycle from planning and design through installation and maintenance.