Dorsal Capital Management Has Cut Its Commscope Hldg Co (COMM) Stake; Pricesmart (PSMT) Sentiment Is 1.31

April 22, 2018 - By David King

CommScope Holding Company, Inc. (NASDAQ:COMM) Logo

Dorsal Capital Management Llc decreased Commscope Hldg Co Inc (COMM) stake by 12.79% reported in 2017Q4 SEC filing. Dorsal Capital Management Llc sold 275,000 shares as Commscope Hldg Co Inc (COMM)’s stock rose 2.82%. The Dorsal Capital Management Llc holds 1.88 million shares with $70.93M value, down from 2.15 million last quarter. Commscope Hldg Co Inc now has $7.84B valuation. The stock increased 0.44% or $0.18 during the last trading session, reaching $40.86. About 508,832 shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 4.00% since April 22, 2017 and is downtrending. It has underperformed by 15.55% the S&P500.

Pricesmart Inc (PSMT) investors sentiment decreased to 1.31 in Q4 2017. It’s down -0.20, from 1.51 in 2017Q3. The ratio fall, as 71 hedge funds increased and opened new equity positions, while 54 sold and decreased equity positions in Pricesmart Inc. The hedge funds in our database reported: 23.19 million shares, up from 21.92 million shares in 2017Q3. Also, the number of hedge funds holding Pricesmart Inc in top ten equity positions increased from 1 to 2 for an increase of 1. Sold All: 16 Reduced: 38 Increased: 49 New Position: 22.

Analysts await CommScope Holding Company, Inc. (NASDAQ:COMM) to report earnings on May, 1 before the open. They expect $0.43 EPS, down 12.24% or $0.06 from last year’s $0.49 per share. COMM’s profit will be $82.52 million for 23.76 P/E if the $0.43 EPS becomes a reality. After $0.44 actual EPS reported by CommScope Holding Company, Inc. for the previous quarter, Wall Street now forecasts -2.27% negative EPS growth.

Dorsal Capital Management Llc increased Altaba Inc stake by 1.35M shares to 3.55 million valued at $247.97 million in 2017Q4. It also upped Liberty Media Corp Delaware stake by 350,000 shares and now owns 1.95 million shares. Sba Communications Corp New was raised too.

Investors sentiment increased to 0.98 in Q4 2017. Its up 0.26, from 0.72 in 2017Q3. It improved, 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. Rhumbline Advisers stated it has 189,406 shares or 0.01% of all its holdings. Criterion Management Limited Liability Co has invested 1.58% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). Fpr Prns Lc stated it has 12.01M shares or 9.75% of all its holdings. Fjarde Ap reported 70,066 shares. Intll Group stated it has 0% in CommScope Holding Company, Inc. (NASDAQ:COMM). Wellington Group Llp invested 0.06% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). First Republic Investment Mgmt Inc has 147,250 shares for 0.04% of their portfolio. Veritable Lp reported 13,554 shares. Wealthtrust owns 336 shares. Pnc Fincl Services Grp reported 51,630 shares. Blue Harbour Gp Limited Partnership reported 7.13% stake. Ls Investment Advsrs Limited Liability Co has invested 0.01% in CommScope Holding Company, Inc. (NASDAQ:COMM). Janney Montgomery Scott Ltd Limited Liability Company reported 10,174 shares or 0% of all its holdings. The New Jersey-based Prudential Inc has invested 0.01% in CommScope Holding Company, Inc. (NASDAQ:COMM). Alyeska Inv Group Limited Partnership accumulated 1.72M shares.

Among 12 analysts covering CommScope Holding (NASDAQ:COMM), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. CommScope Holding had 36 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, August 17. The firm has “Buy” rating given on Friday, March 9 by Citigroup. Northland Capital initiated the shares of COMM in report on Wednesday, September 30 with “Market Perform” rating. Barclays Capital maintained CommScope Holding Company, Inc. (NASDAQ:COMM) on Tuesday, November 10 with “Overweight” rating. Barclays Capital upgraded the shares of COMM in report on Wednesday, February 14 to “Overweight” rating. Citigroup maintained it with “Buy” rating and $40 target in Thursday, November 2 report. As per Tuesday, October 10, the company rating was maintained by Jefferies. The rating was maintained by Northland Capital on Tuesday, November 10 with “Market Perform”. The firm has “Hold” rating given on Tuesday, August 8 by Northland Capital. Cross Research upgraded the stock to “Buy” rating in Monday, February 22 report.

Since January 1, 0001, it had 0 insider buys, and 4 insider sales for $1.76 million activity.

The stock decreased 1.01% or $0.9 during the last trading session, reaching $88.4. About 74,240 shares traded. PriceSmart, Inc. (PSMT) has declined 10.74% since April 22, 2017 and is downtrending. It has underperformed by 22.29% the S&P500.

Genesis Asset Managers Llp holds 3.57% of its portfolio in PriceSmart, Inc. for 1.14 million shares. Lombard Odier Asset Management (Switzerland) Sa owns 278,200 shares or 2.33% of their US portfolio. Moreover, Pecaut & Co. has 1.27% invested in the company for 20,030 shares. The California-based Kayne Anderson Rudnick Investment Management Llc has invested 1.11% in the stock. Laurel Grove Capital Llc, a California-based fund reported 8,378 shares.

Analysts await PriceSmart, Inc. (NASDAQ:PSMT) to report earnings on July, 4. They expect $0.69 EPS, up 11.29% or $0.07 from last year’s $0.62 per share. PSMT’s profit will be $20.98 million for 32.03 P/E if the $0.69 EPS becomes a reality. After $0.89 actual EPS reported by PriceSmart, Inc. for the previous quarter, Wall Street now forecasts -22.47% negative EPS growth.

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

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