CommScope Holding Company, Inc. (COMM) Position Trimmed by Teachers Advisors LLC

Joanna Estrada
September 20, 2017

The stock of Commscope Holding Company Inc (NASDAQ:COMM) earned "Overweight" rating by Barclays Capital on Tuesday, November 10. It has outperformed by 1.28% the S&P500.

Tremblant Capital Group decreased Commscope Hldg Co Inc (COMM) stake by 8.56% reported in 2016Q4 SEC filing. Daiwa Securities Group Inc acquired 62,100 shares as Commscope Hldg Co (COMM)'s stock declined 6.21%. Commscope Hldg Co now has $6.48B valuation. Also, Director Claudius E. Iv Watts acquired 15,000 shares of the company's stock in a transaction that occurred on Monday, August 7th. During the session shares traded on below-average volume. It has outperformed by 8.72% the S&P500.

Analysts await Commscope Holding Company Inc (NASDAQ:COMM) to report earnings on November, 2. For the past 5 years, the company's revenue has grown 8.5%, while the company's earnings per share has grown 19.6%. COMM's profit will be $98.42 million for 16.46 P/E if the $0.51 EPS becomes a reality. Point72 Asia (Hong Kong) Ltd reported 12,193 shares or 0.45% of all its holdings.

Kenneth Mario Garschina increased its stake in Media General Inc (MEG) by 53.72% based on its latest 2016Q4 regulatory filing with the SEC. Realogy Hldgs Corp (NYSE:RLGY) was raised too. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Therefore 67% are positive.

CommScope Holding announced that its board has authorized a share buyback program on Thursday, August 3rd that permits the company to repurchase $100.00 million in outstanding shares. Commscope Holding Company presently has an average rating of Buy and an average price target of $39.54. Northwestern Mutual Wealth Management owns 0% invested in Commscope Holding Company Inc (NASDAQ:COMM) for 28 shares. As per Tuesday, January 17, the company rating was downgraded by Raymond James. The rating was initiated by Citigroup on Tuesday, December 20 with "Buy". Also, Director Timothy T. Yates purchased 5,000 shares of the firm's stock in a transaction on Tuesday, August 8th. Finally, Cross Research cut CommScope Holding from a "buy" rating to a "hold" rating in a research note on Friday, August 4th. As per Friday, September 25, the company rating was maintained by RBC Capital Markets.

08/04/2017 - CommScope Holding Company, Inc. was downgraded to "equal-weight" by analysts at Barclays. H.C. Wainwright reinitiated the shares of LGND in report on Tuesday, September 5 with "Buy" rating.

On a similar note, analysts expect EPS of $1.28 in September 2017 quarter and $1.28 in December 2017 quarter, representing 2.4% and 12.28% growth, respectively. It worsened, as 26 investors sold Commscope Holding Company Inc shares while 75 reduced holdings. 186.02 million shares or 3.27% less from 192.31 million shares in 2016Q3 were reported. The correct version of this story can be viewed at https://www.truebluetribune.com/2017/09/19/commscope-holding-company-inc-comm-position-reduced-by-federated-investors-inc-pa.html. Bank & Trust Of Mellon Corporation accumulated 0.01% or 743,953 shares. (NASDAQ:LGND). Campbell Newman Asset Mngmt Incorporated holds 0.04% or 2,095 shares. Timber Creek Cap Mgmt Ltd Llc holds 18,053 shares. Clinton Grp invested in 94,912 shares. Bnp Paribas Partners holds 0.02% or 63,835 shares. Jefferies Gru Limited Liability stated it has 16,043 shares or 0% of all its holdings. Telemus Ltd Limited Liability Company reported 10,210 shares or 0.05% of all its holdings. Janus Mngmt Lc has invested 0.07% in Commscope Holding Company Inc (NASDAQ:COMM). Blackrock Fund has invested 0.01% in Commscope Holding Company Inc (NASDAQ:COMM). Oppenheimer & Incorporated invested 0.06% of its portfolio in Commscope Holding Company Inc (NASDAQ:COMM). Ltd. boosted its position in shares of CommScope Holding by 6.3% during the first quarter.

CommScope Holding Company, Inc is provider of infrastructure solutions for wireless, business enterprise and residential broadband networks.

Bogle Investment Management Lp decreased Intl Game Technology Plc stake by 34,755 shares to 516,327 valued at $13.18 million in 2016Q4.

Among 4 analysts covering Media General (NYSE:MEG), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Media General had 7 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Thursday, August 3 with "Buy". The firm earned "Buy" rating on Friday, June 17 by BTIG Research. The company now has a consensus rating of "Buy" and an average price target of $41.73. Stifel Nicolaus maintained the shares of SUPN in report on Friday, September 1 with "Buy" rating. The firm has "Buy" rating by Goldman Sachs given on Monday, May 9. The stock of Supernus Pharmaceuticals Inc (NASDAQ:SUPN) earned "Hold" rating by Piper Jaffray on Thursday, August 3. The firm has "Buy" rating given on Thursday, November 19 by TH Capital. The company was downgraded on Thursday, August 6 by Zacks. On Monday, February 27 the stock rating was upgraded by Macquarie Research to "Outperform".

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