As Commscope Hldg Co INC (COMM) Market Value Declined, Maverick Capital LTD Increased Its Stake by $127.05 Million

CommScope Holding Company, Inc. (NASDAQ:COMM) LogoInvestors sentiment increased to 1.07 in Q2 2019. Its up 0.04, from 1.03 in 2019Q1. It is positive, as 32 investors sold COMM shares while 66 reduced holdings. 41 funds opened positions while 64 raised stakes. 173.10 million shares or 2.11% less from 176.83 million shares in 2019Q1 were reported. Carroll Fin Inc accumulated 0% or 100 shares. Amundi Pioneer Asset Inc has invested 0% in CommScope Holding Company, Inc. (NASDAQ:COMM). 566,612 are held by First Trust Advisors Limited Partnership. United Svcs Automobile Association owns 0.01% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 146,606 shares. Daiwa Gp holds 0% or 7,595 shares in its portfolio. Financial Bank Of America Corp De accumulated 1.04 million shares. 12.90 million are owned by Fpr Prns Limited Liability Com. State Board Of Administration Of Florida Retirement Sys has 202,972 shares for 0.01% of their portfolio. Goldman Sachs holds 0.01% or 1.62M shares in its portfolio. Dimensional Fund Advsrs LP invested in 2.41 million shares. Brown Brothers Harriman & Com invested in 950 shares or 0% of the stock. Riverhead Capital Mgmt Limited Liability has invested 0.03% in CommScope Holding Company, Inc. (NASDAQ:COMM). Voya Invest Mgmt Limited Liability has invested 0% in CommScope Holding Company, Inc. (NASDAQ:COMM). Great West Life Assurance Can accumulated 48,580 shares. Salem Invest Counselors reported 3,000 shares.

Maverick Capital Ltd increased its stake in Commscope Hldg Co Inc (COMM) by 84.35% based on its latest 2019Q2 regulatory filing with the SEC. Maverick Capital Ltd bought 8.47 million shares as the company’s stock declined 40.97% . The hedge fund held 18.51M shares of the technology company at the end of 2019Q2, valued at $291.19 million, up from 10.04 million at the end of the previous reported quarter. Maverick Capital Ltd who had been investing in Commscope Hldg Co Inc for a number of months, seems to be bullish on the $2.24B market cap company. The stock decreased 4.04% or $0.51 during the last trading session, reaching $12.1. About 3.87 million shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 53.39% since September 13, 2018 and is downtrending. It has underperformed by 53.39% the S&P500.

Maverick Capital Ltd, which manages about $14.71B and $6.90B US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 1.96 million shares to 1.52M shares, valued at $204.20M in 2019Q2, according to the filing. It also reduced its holding in United Contl Hldgs Inc (NYSE:UAL) by 325,427 shares in the quarter, leaving it with 20,740 shares, and cut its stake in Papa Johns Intl Inc (NASDAQ:PZZA).

More notable recent CommScope Holding Company, Inc. (NASDAQ:COMM) news were published by: Nasdaq.com which released: “CommScope (COMM) Stock Sinks As Market Gains: What You Should Know – Nasdaq” on April 26, 2019, also Finance.Yahoo.com with their article: “Should You Worry About CommScope Holding Company, Inc.’s (NASDAQ:COMM) CEO Pay? – Yahoo Finance” published on September 11, 2019, Nasdaq.com published: “Will Lower Revenues Affect CommScope (COMM) Q1 Earnings? – Nasdaq” on May 07, 2019. More interesting news about CommScope Holding Company, Inc. (NASDAQ:COMM) were released by: Nasdaq.com and their article: “After Hours Most Active for Aug 27, 2019 : ZNGA, CTL, MSFT, COMM, WMB, CSCO, SAN, BABA, AAPL, DXC, GE, INTC – Nasdaq” published on August 27, 2019 as well as Nasdaq.com‘s news article titled: “COMM vs. CALX: Which Stock Should Value Investors Buy Now? – Nasdaq” with publication date: May 22, 2019.

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

Among 5 analysts covering CommScope Holding (NASDAQ:COMM), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. CommScope Holding has $34 highest and $1200 lowest target. $22’s average target is 81.82% above currents $12.1 stock price. CommScope Holding had 14 analyst reports since March 16, 2019 according to SRatingsIntel. Credit Suisse maintained it with “Outperform” rating and $2300 target in Friday, August 9 report. Credit Suisse upgraded CommScope Holding Company, Inc. (NASDAQ:COMM) rating on Tuesday, April 2. Credit Suisse has “Outperform” rating and $34 target. As per Wednesday, April 3, the company rating was upgraded by Raymond James. The rating was maintained by Bank of America on Friday, August 9 with “Neutral”. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, June 20 report.

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

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