Commscope Hldg Co INC (COMM) Valuation Declined While Maverick Capital LTD Has Raised Its Position

CommScope Holding Company, Inc. (NASDAQ:COMM) LogoInvestors sentiment increased to 1.03 in 2019 Q1. Its up 0.08, from 0.95 in 2018Q4. It is positive, as 24 investors sold COMM shares while 71 reduced holdings. 29 funds opened positions while 69 raised stakes. 176.83 million shares or 2.65% less from 181.64 million shares in 2018Q4 were reported. Hawk Ridge Capital Lp accumulated 443,400 shares. Comerica State Bank holds 24,336 shares or 0% of its portfolio. Andra Ap holds 0.18% or 289,700 shares. Bnp Paribas Arbitrage accumulated 0% or 172,663 shares. 441,309 are held by Tiaa Cref Inv Management Lc. Engineers Gate Manager Lp owns 101,769 shares. The New York-based Amalgamated Financial Bank has invested 0.02% in CommScope Holding Company, Inc. (NASDAQ:COMM). Moreover, Advisors Asset Inc has 0% invested in CommScope Holding Company, Inc. (NASDAQ:COMM). Edge Wealth Mngmt Limited Liability accumulated 300 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM) for 1,700 shares. Lapides Asset Management Ltd Liability Corp has invested 1.75% in CommScope Holding Company, Inc. (NASDAQ:COMM). Daiwa Secs Grp holds 7,595 shares or 0% of its portfolio. Laurion Capital Lp owns 63,493 shares or 0.02% of their US portfolio. Utah Retirement holds 0.02% in CommScope Holding Company, Inc. (NASDAQ:COMM) or 35,796 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 46,420 shares.

Maverick Capital Ltd increased its stake in Commscope Hldg Co Inc (COMM) by 2.97% based on its latest 2019Q1 regulatory filing with the SEC. Maverick Capital Ltd bought 289,402 shares as the company’s stock declined 40.97% . The hedge fund held 10.04 million shares of the technology company at the end of 2019Q1, valued at $218.21 million, up from 9.75 million at the end of the previous reported quarter. Maverick Capital Ltd who had been investing in Commscope Hldg Co Inc for a number of months, seems to be bullish on the $2.12B market cap company. The stock decreased 5.04% or $0.58 during the last trading session, reaching $10.93. About 2.34M shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 53.39% since August 14, 2018 and is downtrending. It has underperformed by 53.39% the S&P500.

Maverick Capital Ltd, which manages about $14.71 billion and $7.54 billion US Long portfolio, decreased its stake in Campbell Soup Co (NYSE:CPB) by 129,960 shares to 100,570 shares, valued at $3.84 million in 2019Q1, according to the filing. It also reduced its holding in Jetblue Awys Corp (NASDAQ:JBLU) by 666,510 shares in the quarter, leaving it with 101,860 shares, and cut its stake in Anthem Inc (NYSE:ANTM).

More notable recent CommScope Holding Company, Inc. (NASDAQ:COMM) news were published by: Businesswire.com which released: “New Wireless Innovation Forum Report Addresses Spectrum Sharing Management Technologies in Dynamic Spectrum Sharing – Business Wire” on July 23, 2019, also Finance.Yahoo.com with their article: “Is Commscope Holding Company Inc (COMM) A Good Stock To Buy? – Yahoo Finance” published on May 11, 2019, Businesswire.com published: “ARRIS and TDS Telecom to Deploy Android TVâ„¢ Set-Top – Business Wire” on July 29, 2019. More interesting news about CommScope Holding Company, Inc. (NASDAQ:COMM) were released by: Nasdaq.com and their article: “CommScope (COMM) Q2 Earnings Beat Estimates, Revenues Miss – Nasdaq” published on August 09, 2019 as well as Businesswire.com‘s news article titled: “CommScope Announces Management Change – Business Wire” with publication date: August 08, 2019.

CommScope Holding Company, Inc. (NASDAQ:COMM) Ratings Coverage

Among 7 analysts covering CommScope Holding (NASDAQ:COMM), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. CommScope Holding had 16 analyst reports since February 21, 2019 according to SRatingsIntel. On Thursday, June 20 the stock rating was upgraded by Goldman Sachs to “Buy”. The stock has “Strong Buy” rating by Raymond James on Wednesday, April 3. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) has “Hold” rating given on Friday, February 22 by Rosenblatt. The firm has “Buy” rating by Northland Capital given on Thursday, February 21. On Friday, August 9 the stock rating was maintained by Bank of America with “Neutral”. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) earned “Outperform” rating by Credit Suisse on Tuesday, April 2. The firm earned “Outperform” rating on Friday, August 9 by Credit Suisse. Morgan Stanley maintained it with “Hold” rating and $22 target in Friday, February 22 report.

CommScope Holding Company, Inc. (NASDAQ:COMM) Institutional Positions Chart

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