Commscope Holding Company Inc (COMM) : First Mercantile Trust Co reduced its stake in Commscope Holding Company Inc by 33.84% during the most recent quarter end. The investment management company now holds a total of 23,157 shares of Commscope Holding Company Inc which is valued at $732,224 after selling 11,843 shares in Commscope Holding Company Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Commscope Holding Company Inc makes up approximately 0.10% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Simplex Trading added COMM to its portfolio by purchasing 5,103 company shares during the most recent quarter which is valued at $161,357. Commscope Holding Company Inc makes up approx 0.02% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in COMM in the latest quarter, The investment management firm added 23,518 additional shares and now holds a total of 44,365 shares of Commscope Holding Company Inc which is valued at $1,369,991. Commscope Holding Company Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added COMM to its portfolio by purchasing 19 company shares during the most recent quarter which is valued at $587. West Oak Capital added COMM to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $3,088.
Commscope Holding Company Inc opened for trading at $31.5 and hit $31.72 on the upside on Friday, eventually ending the session at $31.62, with a gain of 0.67% or 0.21 points. The heightened volatility saw the trading volume jump to 25,50,349 shares. Company has a market cap of $6,091 M.
On the company’s financial health, Commscope Holding Company Inc reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $1306.80 million for the quarter, compared to analysts expectations of $1302.50 million. The company’s revenue was up 50.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Commscope Holding Company Inc. Morgan Stanley Initiated Commscope Holding Company Inc on Sep 20, 2016 to “Equal-Weight”, Price Target of the shares are set at $35.
CommScope Holding Company Inc. is provider of connectivity and infrastructure solutions for wireless business enterprise and residential broadband networks. The Company provides radio frequency (RF) solutions connectivity and cabling platforms data center and building infrastructure and broadband access solutions. The Company operates through three segments: Wireless Enterprise and Broadband. The Company’s solutions marketed primarily under the Andrew brand enable wireless operators to deploy both macro cell sites and small cell distributed antenna systems (DAS) solutions to meet coverage and capacity requirements. The Company’s enterprise connectivity solutions for data centers and commercial buildings comprises voice video data and converged solutions that support mission-critical applications. The Company provides cable and communications products that support the multichannel video voice and data services provided by multi-system operators (MSOs).