Verizon Communications (VZ) Holding Increased by Private Bank & Trust Co; Makaira Partners Stake in Commscope Hldg Co (COMM) Increased as Stock Declined

January 19, 2018 - By Migdalia James

Gregg J. Powers increased its stake in Verizon Communications (VZ) by 30.09% based on its latest 2017Q3 regulatory filing with the SEC. Private Bank & Trust Co bought 7,411 shares as the company’s stock declined 7.66% while stock markets rallied. The hedge fund run by Gregg J. Powers held 32,043 shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.59M, up from 24,632 at the end of the previous reported quarter. Private Bank & Trust Co who had been investing in Verizon Communications for a number of months, seems to be bullish on the $209.83B market cap company. The stock decreased 0.22% or $0.1148 during the last trading session, reaching $51.4352. About 6.72M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 19, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Thomas Bancroft increased its stake in Commscope Hldg Co Inc (COMM) by 14.1% based on its latest 2017Q3 regulatory filing with the SEC. Makaira Partners Llc bought 285,200 shares as the company’s stock declined 6.21% while stock markets rallied. The hedge fund run by Thomas Bancroft held 2.31 million shares of the technology company at the end of 2017Q3, valued at $76.63 million, up from 2.02M at the end of the previous reported quarter. Makaira Partners Llc who had been investing in Commscope Hldg Co Inc for a number of months, seems to be bullish on the $7.37 billion market cap company. The stock increased 0.31% or $0.12 during the last trading session, reaching $38.62. About 184,012 shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has risen 25.42% since January 19, 2017 and is uptrending. It has outperformed by 8.72% the S&P500.

Among 12 analysts covering CommScope Holding (NASDAQ:COMM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. CommScope Holding had 31 analyst reports since July 24, 2015 according to SRatingsIntel. The company was initiated on Tuesday, December 20 by Citigroup. Morgan Stanley upgraded the shares of COMM in report on Thursday, August 17 to “Overweight” rating. Northland Capital maintained it with “Hold” rating and $2800 target in Tuesday, August 8 report. The company was maintained on Tuesday, October 10 by Jefferies. The company was downgraded on Tuesday, January 17 by Raymond James. As per Thursday, August 3, the company rating was maintained by Jefferies. The firm has “Hold” rating by Northland Capital given on Monday, October 16. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) earned “Buy” rating by BTIG Research on Friday, June 17. The firm has “Buy” rating given on Monday, May 9 by Goldman Sachs. Jefferies maintained the shares of COMM in report on Tuesday, June 6 with “Buy” rating.

Investors sentiment decreased to 0.72 in Q3 2017. Its down 0.52, from 1.24 in 2017Q2. It is negative, 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 Of Wisconsin Board reported 158,436 shares. British Columbia Invest Mgmt stated it has 0.07% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). Employees Retirement System Of Texas owns 20,000 shares. Ls Inv Advisors Limited Liability holds 3,005 shares. Victory Capital Management Inc owns 34,577 shares or 0% of their US portfolio. 58,500 are owned by Apg Asset Mngmt Nv. Glenhill Ltd Llc has 1.28 million shares for 3.45% of their portfolio. Stifel Fincl Corp invested 0% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). Riverhead Management Ltd Liability Com invested in 3,450 shares. Dekabank Deutsche Girozentrale accumulated 0.03% or 130,167 shares. First Allied Advisory Svcs holds 0.01% or 8,275 shares in its portfolio. First Republic Inv Mngmt holds 122,823 shares. Weiss Multi reported 0.1% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM). Alyeska Invest Lp has invested 0.22% in CommScope Holding Company, Inc. (NASDAQ:COMM). Credit Agricole S A holds 0% in CommScope Holding Company, Inc. (NASDAQ:COMM) or 30,016 shares.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Fjarde Ap holds 963,462 shares or 0.91% of its portfolio. Cambridge Rech Advisors accumulated 568,135 shares. Institute For Wealth Management Ltd Liability Com has 38,443 shares. Eqis Cap Mngmt accumulated 22,733 shares. S R Schill And reported 0.23% stake. Spirit Of America Corporation New York owns 33,190 shares or 0.17% of their US portfolio. 4,755 are owned by Chase Inv Counsel Corp. Perkins Coie Tru reported 11,874 shares. Veritas Management Llp invested 0.04% in Verizon Communications Inc. (NYSE:VZ). Peddock Capital Advsrs Ltd holds 0.72% or 28,447 shares. Perkins Cap Management owns 10,917 shares. C M Bidwell & Limited holds 0.27% or 3,535 shares. Howard Mngmt reported 7,142 shares or 0.05% of all its holdings. Goodhaven Capital Mgmt Ltd Liability Com holds 5.49% or 219,384 shares. Atlas Browninc holds 0.14% or 13,375 shares in its portfolio.

Since August 28, 2017, it had 0 insider buys, and 3 sales for $89,365 activity.

Private Bank & Trust Co, which manages about $3.20B and $764.06 million US Long portfolio, decreased its stake in Ishares (PFF) by 25,611 shares to 93,725 shares, valued at $3.64 million in 2017Q3, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 9,060 shares in the quarter, leaving it with 65,082 shares, and cut its stake in Ishares (TIP).

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