Chieftain Capital Management INC Holding in Commscope Hldg Co INC (COMM) Has Decreased as Market Value Declined

CommScope Holding Company, Inc. (NASDAQ:COMM) LogoInvestors sentiment increased to 1.25 in Q3 2018. Its up 0.11, from 1.14 in 2018Q2. It increased, as 28 investors sold COMM shares while 77 reduced holdings. 58 funds opened positions while 73 raised stakes. 189.95 million shares or 1.81% less from 193.46 million shares in 2018Q2 were reported. Goldman Sachs holds 0% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM) for 487,851 shares. Toth Finance Advisory owns 260 shares for 0% of their portfolio. Arrowstreet Capital Partnership holds 0% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM) for 10,500 shares. Maverick Ltd reported 4.68 million shares. Moreover, Cwm Limited Liability has 0% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 26 shares. Bluecrest Cap Management Limited holds 0.01% or 7,863 shares in its portfolio. Moreover, Gru Incorporated has 0% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 3,442 shares. Utah Retirement owns 35,200 shares for 0.02% of their portfolio. Staley Advisers accumulated 40,385 shares. One Trading Limited Partnership owns 244 shares. Stifel Fincl Corporation reported 27,987 shares. National Bank & Trust Of America De has invested 0% in CommScope Holding Company, Inc. (NASDAQ:COMM). Hightower Limited Liability Corporation invested in 0% or 12,306 shares. Jefferies Gru Ltd Com reported 0.01% stake. Moreover, Great West Life Assurance Can has 0% invested in CommScope Holding Company, Inc. (NASDAQ:COMM).

Chieftain Capital Management Inc decreased its stake in Commscope Hldg Co Inc (COMM) by 3.63% based on its latest 2018Q3 regulatory filing with the SEC. Chieftain Capital Management Inc sold 273,823 shares as the company’s stock declined 43.34% with the market. The hedge fund held 7.27 million shares of the technology company at the end of 2018Q3, valued at $241.45 million, down from 7.54M at the end of the previous reported quarter. Chieftain Capital Management Inc who had been investing in Commscope Hldg Co Inc for a number of months, seems to be less bullish one the $3.62 billion market cap company. The stock increased 0.32% or $0.06 during the last trading session, reaching $18.85. About 853,803 shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 53.70% since January 14, 2018 and is downtrending. It has underperformed by 53.70% the S&P500.

Analysts await CommScope Holding Company, Inc. (NASDAQ:COMM) to report earnings on February, 21. They expect $0.33 earnings per share, down 25.00 % or $0.11 from last year’s $0.44 per share. COMM’s profit will be $63.43M for 14.28 P/E if the $0.33 EPS becomes a reality. After $0.55 actual earnings per share reported by CommScope Holding Company, Inc. for the previous quarter, Wall Street now forecasts -40.00 % negative EPS growth.

More notable recent CommScope Holding Company, Inc. (NASDAQ:COMM) news were published by: Seekingalpha.com which released: “Oakmark Equity And Income Fund: Fourth Quarter 2018 – Seeking Alpha” on January 14, 2019, also Nasdaq.com with their article: “EarthRenew Inc. Receives Final Approval for Listing on the CSE and Other Corporate Updates – Nasdaq” published on January 09, 2019, Benzinga.com published: “CommScope Confirms $7.4B Acquisition Of Arris (NASDAQ:COMM)(NASDAQ:ARRS) – Benzinga” on November 08, 2018. More interesting news about CommScope Holding Company, Inc. (NASDAQ:COMM) were released by: Seekingalpha.com and their article: “Match Group fires comm VP involved in suit – Seeking Alpha” published on December 19, 2018 as well as Nasdaq.com‘s news article titled: “Why Shares of CommScope Holding Company Crashed Today – Nasdaq” with publication date: May 01, 2018.

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

Among 5 analysts covering CommScope Holding Co (NASDAQ:COMM), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. CommScope Holding Co had 6 analyst reports since August 6, 2018 according to SRatingsIntel. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) has “Neutral” rating given on Friday, October 5 by Nomura. The stock has “Neutral” rating by Longbow on Friday, November 9. The company was downgraded on Tuesday, October 9 by Goldman Sachs. The rating was maintained by Morgan Stanley on Monday, January 7 with “Equal-Weight”. Jefferies upgraded the shares of COMM in report on Monday, November 26 to “Buy” rating. The rating was downgraded by Jefferies to “Hold” on Monday, August 6.

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

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