November 30, 2016 - By Dolores Ford · 0 Comments
The stock of Commscope Holding Company Incorporated (NASDAQ:COMM) registered an increase of 20.64% in short interest. COMM’s total short interest was 8.00M shares in November as published by FINRA. Its up 20.64% from 6.64M shares, reported previously. With 1.35 million shares average volume, it will take short sellers 6 days to cover their COMM’s short positions. The short interest to Commscope Holding Company Incorporated’s float is 5.54%. The stock increased 1.12% or $0.4 during the last trading session, hitting $36.23. Commscope Holding Company Inc (NASDAQ:COMM) has risen 35.54% since April 27, 2016 and is uptrending. It has outperformed by 30.31% the S&P500.
CommScope Holding Company, Inc. is provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The company has a market cap of $6.89 billion. The Firm operates through four divisions: Wireless, Enterprise, Broadband and Broadband Network Solutions . It has a 77.57 P/E ratio. The Company’s Wireless segment provides merchant RF wireless network connectivity solutions and cell distributed antenna systems (DAS) solutions to enable carriers’ second generation (2G), third generation (3G) and fourth generation (4G) networks.
Insitutional Activity: The institutional sentiment decreased to 2.04 in Q2 2016. Its down 0.08, from 2.12 in 2016Q1. The ratio dived, as 15 funds sold all Commscope Holding Company Inc shares owned while 43 reduced positions. 40 funds bought stakes while 83 increased positions. They now own 192.42 million shares or 1.89% less from 196.14 million shares in 2016Q1.
Envestnet Asset Inc has 0% invested in the company for 1,361 shares. Qs Invsts Ltd Limited Liability Company has invested 0% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Utah Retirement Sys holds 0.02% or 23,300 shares in its portfolio. Manufacturers Life Insur Company The last reported 5,439 shares in the company. American Gp has 3,156 shares for 0% of their US portfolio. Ameriprise Financial holds 0% or 8,149 shares in its portfolio. Calvert Investment last reported 6,985 shares in the company. The Guernsey-based Airain Limited has invested 0.17% in Commscope Holding Company Inc (NASDAQ:COMM). Wealthtrust has invested 0% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Rivulet Cap Lc has 1.43 million shares for 12.01% of their US portfolio. Maverick Limited accumulated 6.42% or 15.24 million shares. Moreover, Vanguard Gru has 0.02% invested in Commscope Holding Company Inc (NASDAQ:COMM) for 10.32M shares. Winfield has 0% invested in the company for 30 shares. Trafelet Brokaw Cap Management Lp last reported 270,400 shares in the company. Md Sass Ser holds 2.82 million shares or 4.29% of its portfolio.
Out of 10 analysts covering CommScope Holding (NASDAQ:COMM), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. CommScope Holding has been the topic of 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Cross Research given on Monday, February 22. The rating was initiated by Morgan Stanley on Tuesday, September 20 with “Equal-Weight”. The stock has “Outperform” rating given by Raymond James on Tuesday, February 16. The stock has “Neutral” rating given by Goldman Sachs on Friday, September 18. The company was initiated on Friday, July 24 by Drexel Hamilton. The firm has “Market Perform” rating by Northland Capital given on Wednesday, September 30. The stock has “Overweight” rating given by Barclays Capital on Tuesday, November 10. The stock of Commscope Holding Company Inc (NASDAQ:COMM) earned “Market Perform” rating by Northland Capital on Tuesday, November 10. Goldman Sachs upgraded it to “Buy” rating and $35 target price in Monday, May 9 report. The firm has “Overweight” rating by JP Morgan given on Thursday, December 17.
CommScope Holding Company, Inc., incorporated on October 22, 2010, is well-known provider of infrastructure solutions for wireless, business enterprise and residential broadband networks. The Firm operates through four divisions: Wireless, Enterprise, Broadband and Broadband Network Solutions (BNS). The Firm also makes coaxial and fiber optic cable for residential broadband networks. Through its Andrew brand, the Company provides merchant radio frequency (RF) wireless network connectivity solutions and small cell distributed antenna system (DAS) solutions. Through its SYSTIMAX, Uniprise and AMP NETCONNECT brands, the Company provides enterprise connectivity solutions, delivering an end-to-end physical layer solution, including connectivity and cables, enclosures, data center and network intelligence software, in-building wireless and network design services for enterprise applications and data centers.
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By Dolores Ford