Commscope Holding Company Inc (COMM) : Rivulet Capital scooped up 232,600 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 1,214,500 shares of Commscope Holding Company Inc which is valued at $36.3 Million.Commscope Holding Company Inc makes up approximately 11.17% of Rivulet Capital’s portfolio.
Other Hedge Funds, Including , Hollow Brook Wealth Management reduced its stake in COMM by selling 13,743 shares or 12.78% in the most recent quarter. The Hedge Fund company now holds 93,774 shares of COMM which is valued at $2.8 Million. Commscope Holding Company Inc makes up approx 1.71% of Hollow Brook Wealth Management’s portfolio. Sg Americas Securities added COMM to its portfolio by purchasing 35,264 company shares during the most recent quarter which is valued at $1.1 Million. Commscope Holding Company Inc makes up approx 0.01% of Sg Americas Securities’s portfolio.Cipher Capital Lp reduced its stake in COMM by selling 2,658 shares or 9.72% in the most recent quarter. The Hedge Fund company now holds 24,678 shares of COMM which is valued at $737,379. Commscope Holding Company Inc makes up approx 0.07% of Cipher Capital Lp’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.California Public Employees Retirement System boosted its stake in COMM in the latest quarter, The investment management firm added 8,900 additional shares and now holds a total of 221,300 shares of Commscope Holding Company Inc which is valued at $6.5 Million. Commscope Holding Company Inc makes up approx 0.01% of California Public Employees Retirement System’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).