Commscope Hldg Co INC (COMM) Share Price Declined While Myriad Asset Management LTD Has Trimmed by $15.60 Million Its Holding

July 27, 2018 - By Megan Stone

CommScope Holding Company, Inc. (NASDAQ:COMM) LogoInvestors sentiment increased to 1.33 in Q1 2018. Its up 0.35, from 0.98 in 2017Q4. It increased, as 16 investors sold COMM shares while 84 reduced holdings. 52 funds opened positions while 81 raised stakes. 188.43 million shares or 2.80% less from 193.85 million shares in 2017Q4 were reported. Bb&T Securities Llc holds 0.01% in CommScope Holding Company, Inc. (NASDAQ:COMM) or 19,127 shares. Manufacturers Life Insurance Com The holds 6,790 shares. The Washington-based Parametric Port Associate has invested 0% in CommScope Holding Company, Inc. (NASDAQ:COMM). Nordea Inv Management Ab owns 6,187 shares. Picton Mahoney Asset Management accumulated 0.08% or 28,200 shares. Moreover, Wealthtrust has 0.01% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 316 shares. Westfield Cap Mgmt Ltd Partnership stated it has 733,920 shares or 0.23% of all its holdings. First Quadrant Lp Ca holds 5,300 shares. Japan-based Nomura Asset Mgmt has invested 0.01% in CommScope Holding Company, Inc. (NASDAQ:COMM). Yorktown reported 0.22% stake. Amundi Pioneer Asset Management Inc accumulated 0% or 30,716 shares. Employees Retirement Systems Of Texas has invested 0.01% in CommScope Holding Company, Inc. (NASDAQ:COMM). 100 were accumulated by Numerixs Techs. Korea Invest holds 0.11% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM) for 602,562 shares. Asset Mgmt One Communications Limited owns 292,319 shares for 0.03% of their portfolio.

Myriad Asset Management Ltd decreased its stake in Commscope Hldg Co Inc (COMM) by 33.33% based on its latest 2018Q1 regulatory filing with the SEC. Myriad Asset Management Ltd sold 400,000 shares as the company’s stock declined 24.75% with the market. The institutional investor held 800,000 shares of the technology company at the end of 2018Q1, valued at $31.98M, down from 1.20 million at the end of the previous reported quarter. Myriad Asset Management Ltd who had been investing in Commscope Hldg Co Inc for a number of months, seems to be less bullish one the $5.87 billion market cap company. The stock increased 0.63% or $0.19 during the last trading session, reaching $30.54. About 1.21M shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 20.27% since July 27, 2017 and is downtrending. It has underperformed by 32.84% the S&P500.

Myriad Asset Management Ltd, which manages about $1.12 billion US Long portfolio, upped its stake in New Oriental Ed & Tech Grp I (NYSE:EDU) by 347,700 shares to 427,452 shares, valued at $37.47M in 2018Q1, according to the filing.

Analysts await CommScope Holding Company, Inc. (NASDAQ:COMM) to report earnings on July, 31 before the open. They expect $0.61 EPS, up 8.93 % or $0.05 from last year’s $0.56 per share. COMM’s profit will be $117.17M for 12.52 P/E if the $0.61 EPS becomes a reality. After $0.45 actual EPS reported by CommScope Holding Company, Inc. for the previous quarter, Wall Street now forecasts 35.56 % EPS growth.

Another recent and important CommScope Holding Company, Inc. (NASDAQ:COMM) news was published by Bizjournals.com which published an article titled: “PHOTOS: CBJ presents CFO of the Year awards to ‘grittiest’ of the C-suite” on July 26, 2018.

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

Among 9 analysts covering CommScope Holding Co (NASDAQ:COMM), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. CommScope Holding Co has $47 highest and $3100 lowest target. $35.14’s average target is 15.06% above currents $30.54 stock price. CommScope Holding Co had 12 analyst reports since February 14, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, March 9 by Citigroup. The rating was upgraded by Barclays Capital on Wednesday, February 14 to “Overweight”. Citigroup maintained CommScope Holding Company, Inc. (NASDAQ:COMM) on Wednesday, May 2 with “Buy” rating. The company was upgraded on Wednesday, May 2 by Northland Capital. Credit Suisse maintained CommScope Holding Company, Inc. (NASDAQ:COMM) rating on Tuesday, June 19. Credit Suisse has “Hold” rating and $3100 target. The company was downgraded on Monday, April 30 by Morgan Stanley. The firm has “Hold” rating given on Thursday, May 3 by J.P. Morgan. The firm earned “Hold” rating on Friday, February 16 by Northland Capital. The rating was maintained by Jefferies on Thursday, February 15 with “Buy”.

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

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