Olympiad Research LP Invests $411,000 in CommScope Holding Company, Inc. $COMM

Olympiad Research LP purchased a new stake in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 26,520 shares of the communications equipment provider’s stock, valued at approximately $411,000. CommScope accounts for approximately 0.6% of Olympiad Research LP’s holdings, making the stock its 29th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of COMM. Bayforest Capital Ltd bought a new stake in CommScope during the 3rd quarter valued at approximately $38,000. Harbor Capital Advisors Inc. purchased a new position in shares of CommScope in the 3rd quarter valued at approximately $43,000. Wolff Wiese Magana LLC bought a new stake in shares of CommScope during the third quarter valued at approximately $46,000. West Michigan Advisors LLC purchased a new stake in CommScope in the second quarter worth $83,000. Finally, Vontobel Holding Ltd. bought a new position in CommScope in the third quarter worth $156,000. 88.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CommScope Stock Up 1.9%

Shares of CommScope stock opened at $19.41 on Thursday. CommScope Holding Company, Inc. has a twelve month low of $2.94 and a twelve month high of $20.55. The company’s 50 day moving average is $18.61 and its 200 day moving average is $15.71. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 0.85 and a beta of 2.39.

CommScope 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.