Commscope Holding Company Inc (COMM) : Hollow Brook Wealth Management reduced its stake in Commscope Holding Company Inc by 12.78% during the most recent quarter end. The investment management company now holds a total of 93,774 shares of Commscope Holding Company Inc which is valued at $2.8 Million after selling 13,743 shares in Commscope Holding Company Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Commscope Holding Company Inc makes up approximately 1.71% of Hollow Brook Wealth Management’s portfolio.
Other Hedge Funds, Including , Ascend Capital reduced its stake in COMM by selling 1,444,205 shares or 86.3% in the most recent quarter. The Hedge Fund company now holds 229,347 shares of COMM which is valued at $6.9 Million. Commscope Holding Company Inc makes up approx 0.70% of Ascend Capital’s portfolio.Counsel Portfolio Services boosted its stake in COMM in the latest quarter, The investment management firm added 60,349 additional shares and now holds a total of 103,809 shares of Commscope Holding Company Inc which is valued at $3.1 Million. Commscope Holding Company Inc makes up approx 0.31% of Counsel Portfolio Services’s portfolio. Canada Pension Plan Investment Board sold out all of its stake in COMM during the most recent quarter. The investment firm sold 12,800 shares of COMM which is valued $382,464.Blackrock Advisors boosted its stake in COMM in the latest quarter, The investment management firm added 26,631 additional shares and now holds a total of 81,057 shares of Commscope Holding Company Inc which is valued at $2.4 Million.Oxford Asset Management reduced its stake in COMM by selling 215,585 shares or 94.05% in the most recent quarter. The Hedge Fund company now holds 13,643 shares of COMM which is valued at $407,653. Commscope Holding Company Inc makes up approx 0.01% of Oxford Asset Management’s portfolio.
Commscope Holding Company Inc opened for trading at $30.79 and hit $31.23 on the upside on Wednesday, eventually ending the session at $30.99, with a gain of 1.41% or 0.43 points. The heightened volatility saw the trading volume jump to 11,40,076 shares. Company has a market cap of $5,947 M.
On the company’s financial health, Commscope Holding Company Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.36. The company had revenue of $1144.00 million for the quarter, compared to analysts expectations of $1114.67 million. The company’s revenue was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Commscope Holding Company Inc. Commscope Holding Company Inc was Upgraded by Goldman to ” Buy” on May 9, 2016. Commscope Holding Company Inc was Upgraded by Raymond James to ” Outperform” on Feb 16, 2016.
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).