Hussman Strategic Advisors Inc. Makes New Investment in CommScope Holding Company, Inc. (NASDAQ:COMM)

Hussman Strategic Advisors Inc. acquired a new position in shares of CommScope Holding Company, Inc. (NASDAQ:COMM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 105,000 shares of the communications equipment provider’s stock, valued at approximately $547,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI grew its position in CommScope by 109.1% during the 3rd quarter. National Bank of Canada FI now owns 5,475 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 2,857 shares during the last quarter. Quarry LP grew its position in CommScope by 1,005.4% during the 3rd quarter. Quarry LP now owns 8,114 shares of the communications equipment provider’s stock worth $50,000 after purchasing an additional 7,380 shares during the last quarter. Ballentine Partners LLC purchased a new position in CommScope during the 4th quarter worth $58,000. Belvedere Trading LLC purchased a new position in CommScope during the 3rd quarter worth $68,000. Finally, Creative Planning purchased a new position in CommScope during the 3rd quarter worth $73,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

CommScope Stock Down 0.6 %

Shares of NASDAQ COMM opened at $5.43 on Friday. CommScope Holding Company, Inc. has a 52 week low of $0.86 and a 52 week high of $7.19. The firm has a 50-day moving average price of $5.32 and a 200 day moving average price of $5.16. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -1.23, a price-to-earnings-growth ratio of 0.38 and a beta of 1.90.

Analyst Ratings Changes

Several analysts have recently weighed in on COMM shares. Raymond James downgraded shares of CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Morgan Stanley downgraded shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. raised shares of CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.00.

About CommScope

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.