CommScope Holding Company, Inc. (NASDAQ:COMM) Short Interest Update

CommScope Holding Company, Inc. (NASDAQ:COMM) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 10,530,000 shares, an increase of 16.0% from the February 13th total of 9,080,000 shares. Based on an average trading volume of 4,590,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 5.0% of the company’s stock are short sold.

Hedge Funds Weigh In On CommScope

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System boosted its holdings in shares of CommScope by 1,219.1% during the 4th quarter. California State Teachers Retirement System now owns 201,759 shares of the communications equipment provider’s stock valued at $1,051,000 after acquiring an additional 186,464 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in CommScope by 233.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 81,299 shares of the communications equipment provider’s stock valued at $424,000 after buying an additional 56,916 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of CommScope during the 4th quarter valued at $2,509,000. Voloridge Investment Management LLC boosted its stake in shares of CommScope by 38.7% in the 4th quarter. Voloridge Investment Management LLC now owns 1,873,147 shares of the communications equipment provider’s stock worth $9,759,000 after buying an additional 522,941 shares during the last quarter. Finally, Saba Capital Management L.P. grew its holdings in shares of CommScope by 20.0% in the fourth quarter. Saba Capital Management L.P. now owns 570,418 shares of the communications equipment provider’s stock worth $2,972,000 after acquiring an additional 95,000 shares during the period. Hedge funds and other institutional investors own 88.04% of the company’s stock.

CommScope Trading Up 5.3 %

CommScope stock opened at $5.53 on Thursday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -1.25, a PEG ratio of 0.41 and a beta of 1.89. CommScope has a 12 month low of $0.86 and a 12 month high of $7.19. The stock has a fifty day simple moving average of $5.27 and a two-hundred day simple moving average of $5.42.

Analyst Ratings Changes

COMM has been the subject of a number of recent research reports. Morgan Stanley cut shares of CommScope from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.00 price target on shares of CommScope in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised CommScope from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research report on Tuesday, January 14th. StockNews.com raised CommScope from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Finally, Raymond James downgraded CommScope from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, CommScope presently has a consensus rating of “Hold” and an average price target of $4.75.

About CommScope

CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.