As Commscope Hldg Co (COMM) Valuation Declined, Shareholder Goodnow Investment Group Cut Stake; Helmerich & Payne (HP) Holder First Dallas Securities Raised Its Holding

February 17, 2018 - By wolcottdaily

First Dallas Securities Inc increased its stake in Helmerich & Payne Inc (HP) by 46.22% based on its latest 2017Q3 regulatory filing with the SEC. First Dallas Securities Inc bought 8,543 shares as the company’s stock declined 12.04% while stock markets rallied. The institutional investor held 27,028 shares of the energy company at the end of 2017Q3, valued at $1.41M, up from 18,485 at the end of the previous reported quarter. First Dallas Securities Inc who had been investing in Helmerich & Payne Inc for a number of months, seems to be bullish on the $7.13 billion market cap company. The stock decreased 0.41% or $0.27 during the last trading session, reaching $65.46. About 1.28 million shares traded. Helmerich & Payne, Inc. (NYSE:HP) has risen 4.51% since February 17, 2017 and is uptrending. It has underperformed by 12.19% the S&P500.

Edward Goodnow decreased its stake in Commscope Hldg Co Inc (COMM) by 4.88% based on its latest 2017Q3 regulatory filing with the SEC. Goodnow Investment Group Llc sold 40,440 shares as the company’s stock declined 6.21% while stock markets rallied. The hedge fund run by Edward Goodnow held 788,212 shares of the technology company at the end of 2017Q3, valued at $26.18 million, down from 828,652 at the end of the previous reported quarter. Goodnow Investment Group Llc who had been investing in Commscope Hldg Co Inc for a number of months, seems to be less bullish one the $7.44B market cap company. The stock decreased 0.61% or $0.24 during the last trading session, reaching $39.02. About 2.66 million shares traded or 56.31% up from the average. CommScope Holding Company, Inc. (NASDAQ:COMM) has risen 25.42% since February 17, 2017 and is uptrending. It has outperformed by 8.72% the S&P500.

Investors sentiment decreased to 0.72 in Q3 2017. Its down 0.52, from 1.24 in 2017Q2. It dived, as 61 investors sold COMM shares while 90 reduced holdings. 30 funds opened positions while 78 raised stakes. 191.80 million shares or 0.45% less from 192.66 million shares in 2017Q2 were reported. State Street Corp accumulated 3.43M shares. Three Peaks Cap Management Ltd Limited Liability Company owns 225,574 shares. Employees Retirement System Of Texas has 20,000 shares for 0.01% of their portfolio. Hbk Investments Lp holds 0.01% in CommScope Holding Company, Inc. (NASDAQ:COMM) or 30,700 shares. Advisory Net Ltd Liability Co invested in 0% or 195 shares. Utah Retirement Sys invested in 34,900 shares. Reilly Fincl Limited Liability owns 375 shares or 0% of their US portfolio. State Of Wisconsin Invest Board invested in 158,436 shares or 0.02% of the stock. Manufacturers Life Ins The holds 0% or 7,654 shares. Wellington Management Gru Limited Liability Partnership invested in 0.07% or 9.32 million shares. Blackrock stated it has 0.03% in CommScope Holding Company, Inc. (NASDAQ:COMM). Andra Ap has 0.03% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 39,200 shares. Mirae Asset Invests Comm reported 30,920 shares. Riggs Asset Managment reported 250 shares stake. Moreover, Iridian Asset Mgmt Ltd Limited Liability Company Ct has 0.34% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 1.21M shares.

Analysts await CommScope Holding Company, Inc. (NASDAQ:COMM) to report earnings on February, 22. They expect $0.43 earnings per share, down 27.12% or $0.16 from last year’s $0.59 per share. COMM’s profit will be $82.03 million for 22.69 P/E if the $0.43 EPS becomes a reality. After $0.52 actual earnings per share reported by CommScope Holding Company, Inc. for the previous quarter, Wall Street now forecasts -17.31% negative EPS growth.

Goodnow Investment Group Llc, which manages about $697.23M and $485.18M US Long portfolio, upped its stake in Aircastle Ltd (NYSE:AYR) by 14,653 shares to 723,218 shares, valued at $16.12M in 2017Q3, according to the filing. It also increased its holding in Strayer Ed Inc (NASDAQ:STRA) by 8,210 shares in the quarter, for a total of 396,321 shares, and has risen its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI).

Among 12 analysts covering CommScope Holding (NASDAQ:COMM), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. CommScope Holding had 35 analyst reports since July 24, 2015 according to SRatingsIntel. Longbow upgraded the stock to “Buy” rating in Friday, January 26 report. The rating was upgraded by Cross Research on Monday, February 22 to “Buy”. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) has “Overweight” rating given on Thursday, August 17 by Morgan Stanley. Morgan Stanley initiated the stock with “Equal-Weight” rating in Tuesday, September 20 report. The firm earned “Hold” rating on Friday, February 16 by Northland Capital. The stock has “Buy” rating by Jefferies on Thursday, August 3. Northland Capital maintained the shares of COMM in report on Tuesday, November 10 with “Market Perform” rating. Jefferies maintained CommScope Holding Company, Inc. (NASDAQ:COMM) rating on Tuesday, October 10. Jefferies has “Buy” rating and $40.0 target. The rating was maintained by Northland Capital with “Hold” on Monday, October 16. Raymond James downgraded the stock to “Mkt Perform” rating in Tuesday, January 17 report.

Since December 15, 2017, it had 0 insider purchases, and 2 sales for $441,985 activity.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.03, from 0.93 in 2017Q2. It improved, as 37 investors sold HP shares while 154 reduced holdings. 50 funds opened positions while 133 raised stakes. 112.20 million shares or 3.56% less from 116.34 million shares in 2017Q2 were reported. Brinker holds 19,177 shares. Franklin Resource accumulated 0.16% or 6.25M shares. Nelson Roberts Investment Advisors Limited Liability holds 1,500 shares. Gateway Invest Advisers Ltd Liability Com accumulated 6,705 shares. Commonwealth Of Pennsylvania School Empls Retrmt Sys invested 0.01% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Bridgecreek Invest Mgmt Ltd Liability Corporation, Oklahoma-based fund reported 74,525 shares. Sg Americas Ltd Limited Liability Company, a New York-based fund reported 26,470 shares. Raymond James Fincl Advisors Inc has invested 0.02% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Central Commercial Bank And Tru Com stated it has 0.18% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). 92,075 are owned by Sei Invests Company. Ferguson Wellman Cap Mgmt has invested 0.37% in Helmerich & Payne, Inc. (NYSE:HP). Moreover, Origin Asset Management Llp has 0.39% invested in Helmerich & Payne, Inc. (NYSE:HP). Balyasny Asset Management Limited Company has invested 0.08% in Helmerich & Payne, Inc. (NYSE:HP). Amer has invested 0.01% in Helmerich & Payne, Inc. (NYSE:HP). Tompkins Fincl holds 0.01% or 815 shares.

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