Economy

CommScope Holding Company, Inc. (NASDAQ:COMM) Under Analyst Spotlight

(NASDAQ:COMM) shares saw light trading volume with 1,223K shares changing hands by the end of trading on Thursday.

08/04/2017 - CommScope Holding Company, Inc. had its "hold" rating reiterated by analysts at Cross Research. It has outperformed by 8.72% the S&P500. Nomura Asset Management Co. (LOGM)'s stock rose 17.94%. The Myriad Asset Management Ltd holds 1.43 million shares with $53.15 million value, down from 1.46 million last quarter.

Harris Associates L P, which manages about $51.89B US Long portfolio, decreased its stake in Halliburton Co (NYSE:HAL) by 710,885 shares to 2.96 million shares, valued at $160.06 million in 2016Q4, according to the filing. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. About 282,084 shares traded. It has outperformed by 30.29% the S&P500. Therefore 67% are positive. Raymond James upgraded the stock to "Outperform" rating in Tuesday, February 16 report. Mai Capital Mngmt stated it has 0.02% in Commscope Holding Company Inc (NASDAQ:COMM). Barclays Capital has "Hold" rating and $3600 target. The firm has "Market Perform" rating given on Tuesday, November 10 by Northland Capital. The stock of Commscope Holding Company Inc (NASDAQ:COMM) earned "Market Perform" rating by Northland Capital on Wednesday, September 30. Citigroup initiated the shares of COMM in report on Tuesday, December 20 with "Buy" rating. As per Friday, August 4, the company rating was downgraded by Longbow. Jefferies maintained the stock with "Buy" rating in Tuesday, June 6 report. Morgan Stanley upgraded the stock to "Overweight" rating in Thursday, August 17 report. This buyback authorization allows the communications equipment provider to purchase shares of its stock through open market purchases. Schwab Charles Investment Mngmt owns 774,405 shares. Fireeye Inc (NASDAQ:FEYE) was raised too.

Investors sentiment decreased to 1.24 in 2016 Q4. SCS comes in with a P/S ratio of 0.51 that's below 1, potentially implying that it could be cheap relative to the overall sector (14.28) and its peers (89.83). It worsened, as 26 investors sold COMM shares while 75 reduced holdings. 72 funds opened positions while 92 raised stakes. The volume of EAT witnessed a shift from 1.05 million shares, based on a 50-day average, to 1.24 million shares. If the published price targets set by Brinker International, Inc. analysts have any power to influence the stock's share price, the highest price target set for EAT is $49. Blackrock Inv Mgmt Limited Liability holds 0.01% or 228,628 shares.

Trellus Management Company Llc increased Edwards Lifesciences Corp (NYSE:EW) stake by 7,300 shares to 15,000 valued at $1.41M in 2016Q4. Barclays PLC cut CommScope Holding from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $41.00 to $36.00 in a report on Friday, August 4th.

CommScope Holding declared that its Board of Directors has approved a share repurchase program on Thursday, August 3rd that permits the company to buyback $100.00 million in shares. Vanguard Gp Inc holds 0.03% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM) for 14.74M shares.

Among 12 analysts covering CommScope Holding (NASDAQ:COMM), 8 have Buy rating, 0 Sell and 4 Hold. Bluestein R H And Co holds 4,000 shares. Cubist Systematic Strategies Lc has invested 0.02% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. It also reduced Microsoft Corp (NASDAQ:MSFT) stake by 5,600 shares and now owns 189,400 shares. Art Ltd Liability Corporation holds 61,200 shares or 0.14% of its portfolio.

Investors sentiment decreased to 1.24 in Q4 2016. Its up 0.15, from 0.85 in 2016Q3. It improved, as 8 investors sold WIFI shares while 41 reduced holdings. At Fincl Bank holds 44,921 shares. (COMM)'s RSI (Relative Strength Index) is 33.37. Massachusetts-based Essex Investment Com Ltd Liability Com has invested 0.05% in Sarepta Therapeutics Inc (NASDAQ:SRPT). Cowen & Co maintained the shares of LOGM in report on Friday, July 28 with "Buy" rating. Bank Of America Corp De, a North Carolina-based fund reported 70,233 shares.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Rothschild Asset Mngmt owns 7,566 shares for 0.01% of their portfolio. (COMM) shares have been seen trading -24.19% off its 52 week- peak value and changed 11.64% from its 52 week-bottom price value. Dimensional Fund Advsr Ltd Partnership reported 0.02% stake. Cap Ww Invsts accumulated 4.80M shares. First Foundation reported 2,091 shares.

CommScope Holding Company, Inc. FMR LLC now owns 10,577,696 shares of the communications equipment provider's stock valued at $441,196,000 after purchasing an additional 970,424 shares in the last quarter. Shares of COMM have downtrended -12.71% in the past three months, while the S&P 500 has moved -13.59% in that time.

Maple Capital Management Inc increased Verizon Communications (NYSE:VZ) stake by 5,938 shares to 106,857 valued at $5.70M in 2016Q4. It also upped Cvs Health Corp.



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