Commscope Holding Company Inc (COMM) : Myriad Asset Management Ltd. scooped up 684,311 additional shares in Commscope Holding Company Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 860,811 shares of Commscope Holding Company Inc which is valued at $25.7 Million.Commscope Holding Company Inc makes up approximately 8.09% of Myriad Asset Management Ltd.’s portfolio.
Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in COMM by selling 32,928 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 1,170,997 shares of COMM which is valued at $35 Million. Commscope Holding Company Inc makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio. Gsa Capital Partners Llp sold out all of its stake in COMM during the most recent quarter. The investment firm sold 37,670 shares of COMM which is valued $1.1 Million.Utah Retirement Systems boosted its stake in COMM in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 18,800 shares of Commscope Holding Company Inc which is valued at $561,744. Commscope Holding Company Inc makes up approx 0.02% of Utah Retirement Systems’s portfolio.Pacad Investment Ltd. reduced its stake in COMM by selling 1,200 shares or 7.41% in the most recent quarter. The Hedge Fund company now holds 15,000 shares of COMM which is valued at $443,250. Commscope Holding Company Inc makes up approx 0.05% of Pacad Investment Ltd.’s portfolio.Ifp Advisors Inc boosted its stake in COMM in the latest quarter, The investment management firm added 249 additional shares and now holds a total of 471 shares of Commscope Holding Company Inc which is valued at $13,918.
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).