As Commscope Hldg Co INC (COMM) Market Valuation Rose, Dorsal Capital Management LLC Cut Its Position by $10.18 Million

May 16, 2018 - By Nellie Frank

CommScope Holding Company, Inc. (NASDAQ:COMM) LogoInvestors sentiment increased to 0.98 in 2017 Q4. Its up 0.26, from 0.72 in 2017Q3. It increased, as 41 investors sold COMM shares while 77 reduced holdings. 45 funds opened positions while 71 raised stakes. 193.85 million shares or 1.07% more from 191.80 million shares in 2017Q3 were reported. Teachers Retirement Sys Of The State Of Kentucky invested in 0.04% or 86,437 shares. Cibc Asset Management has 0% invested in CommScope Holding Company, Inc. (NASDAQ:COMM). Legal & General Group Public Llc reported 252,831 shares. Gulf State Bank (Uk) reported 59,800 shares. The Netherlands-based Apg Asset Mngmt Nv has invested 0% in CommScope Holding Company, Inc. (NASDAQ:COMM). 5,313 were accumulated by Koch Indus. Pictet Asset Management has 72,044 shares for 0.01% of their portfolio. Regions Financial Corp invested in 1,026 shares. Dimensional Fund Advsrs LP invested in 0.02% or 1.26M shares. The United Kingdom-based Hsbc Hldgs Public Limited Company has invested 0% in CommScope Holding Company, Inc. (NASDAQ:COMM). Clearbridge Investments Ltd Limited Liability Company has 301 shares. Schwab Charles Invest stated it has 0.02% in CommScope Holding Company, Inc. (NASDAQ:COMM). 30 are owned by Winfield Assoc Inc. D E Shaw accumulated 611,863 shares. First Trust Advisors L P, Illinois-based fund reported 294,941 shares.

Ryan Frick decreased its stake in Commscope Hldg Co Inc (COMM) by 12.79% based on its latest 2017Q4 regulatory filing with the SEC. Dorsal Capital Management Llc sold 275,000 shares as the company’s stock rose 2.82% while stock markets declined. The hedge fund run by Ryan Frick held 1.88 million shares of the technology company at the end of 2017Q4, valued at $70.93 million, down from 2.15 million at the end of the previous reported quarter. Dorsal Capital Management Llc who had been investing in Commscope Hldg Co Inc for a number of months, seems to be less bullish one the $5.72 billion market cap company. The stock increased 1.90% or $0.56 during the last trading session, reaching $29.78. About 442,264 shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 4.00% since May 16, 2017 and is downtrending. It has underperformed by 15.55% the S&P500.

Dorsal Capital Management Llc, which manages about $1.15B and $2.03 billion US Long portfolio, upped its stake in Liberty Media Corp Delaware by 350,000 shares to 1.95 million shares, valued at $77.34M in 2017Q4, according to the filing. It also increased its holding in Box Inc by 250,000 shares in the quarter, for a total of 2.00 million shares, and has risen its stake in Expedia Inc Del (NASDAQ:EXPE).

Analysts await CommScope Holding Company, Inc. (NASDAQ:COMM) to report earnings on August, 2. They expect $0.61 earnings per share, up 8.93 % or $0.05 from last year’s $0.56 per share. COMM’s profit will be $117.19M for 12.20 P/E if the $0.61 EPS becomes a reality. After $0.45 actual earnings per share reported by CommScope Holding Company, Inc. for the previous quarter, Wall Street now forecasts 35.56 % EPS growth.

More recent CommScope Holding Company, Inc. (NASDAQ:COMM) news were published by: Nasdaq.com which released: “Mid-Morning Market Update: Markets Open Lower; Pfizer Posts Mixed Q1 Results” on May 01, 2018. Also Nasdaq.com published the news titled: “Why Shares of CommScope Holding Company Crashed Today” on May 01, 2018. Businesswire.com‘s news article titled: “CommScope to Participate in Upcoming Conferences” with publication date: May 15, 2018 was also an interesting one.

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

Among 9 analysts covering CommScope Holding (NASDAQ:COMM), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. CommScope Holding had 12 analyst reports since January 11, 2018 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Thursday, February 15. The company was maintained on Wednesday, May 2 by Citigroup. Northland Capital upgraded the shares of COMM in report on Wednesday, May 2 to “Outperform” rating. On Wednesday, February 14 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) earned “Equal-Weight” rating by Morgan Stanley on Monday, April 30. The stock has “Buy” rating by Longbow on Friday, January 26. The company was maintained on Friday, March 9 by Citigroup. The firm has “Hold” rating by J.P. Morgan given on Thursday, May 3. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) has “Hold” rating given on Friday, February 16 by Northland Capital.

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

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