Commscope Hldg Co (COMM) Stock Declined While Dorsal Capital Management Upped Its Stake; Pfizer (PFE) Holding Raised by Essex Financial Services Inc

January 12, 2018 - By Darrin Black

Essex Financial Services Inc increased its stake in Pfizer Inc (PFE) by 4.14% based on its latest 2017Q3 regulatory filing with the SEC. Essex Financial Services Inc bought 13,635 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 342,887 shares of the health care company at the end of 2017Q3, valued at $12.24M, up from 329,252 at the end of the previous reported quarter. Essex Financial Services Inc who had been investing in Pfizer Inc for a number of months, seems to be bullish on the $217.92 billion market cap company. The stock increased 0.25% or $0.09 during the last trading session, reaching $36.56. About 14.33M shares traded. Pfizer Inc. (NYSE:PFE) has declined 2.76% since January 12, 2017 and is downtrending. It has underperformed by 19.46% the S&P500.

Ryan Frick increased its stake in Commscope Hldg Co Inc (COMM) by 7.5% based on its latest 2017Q3 regulatory filing with the SEC. Dorsal Capital Management Llc bought 150,000 shares as the company’s stock declined 6.21% while stock markets rallied. The hedge fund run by Ryan Frick held 2.15M shares of the technology company at the end of 2017Q3, valued at $71.40M, up from 2.00M at the end of the previous reported quarter. Dorsal Capital Management Llc who had been investing in Commscope Hldg Co Inc for a number of months, seems to be bullish on the $7.41 billion market cap company. The stock increased 1.65% or $0.63 during the last trading session, reaching $38.84. About 2.25M shares traded or 48.87% up from the average. CommScope Holding Company, Inc. (NASDAQ:COMM) has risen 25.42% since January 12, 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 rating was upgraded by Goldman Sachs on Monday, May 9 to “Buy”. As per Friday, July 24, the company rating was initiated by Drexel Hamilton. On Tuesday, September 5 the stock rating was maintained by Jefferies with “Buy”. The firm has “Equal-Weight” rating given on Tuesday, September 20 by Morgan Stanley. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) earned “Market Perform” rating by Northland Capital on Wednesday, September 30. The stock has “Buy” rating by Citigroup on Thursday, November 2. The rating was downgraded by Longbow to “Neutral” on Friday, August 4. As per Tuesday, February 16, the company rating was upgraded by Raymond James. Jefferies maintained it with “Buy” rating and $40.0 target in Tuesday, October 10 report. The firm has “Neutral” rating by Goldman Sachs given on Friday, September 18.

Investors sentiment decreased to 0.72 in 2017 Q3. 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. British Columbia Investment Mngmt invested in 269,173 shares. First Republic Investment Management reported 122,823 shares. World Asset Mngmt holds 0.01% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM) for 8,407 shares. Gulf Int Commercial Bank (Uk) Limited owns 0.03% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 59,800 shares. Credit Agricole S A stated it has 30,016 shares or 0% of all its holdings. Goldman Sachs Grp holds 1.44M shares. Winfield Assocs Inc accumulated 30 shares or 0% of the stock. Bancorp Of Mellon reported 811,942 shares stake. Boothbay Fund Management Ltd Liability Com reported 0.41% stake. California Public Employees Retirement holds 0.02% or 413,216 shares in its portfolio. Fpr Ptnrs Ltd Liability Company holds 12.22 million shares or 8.79% of its portfolio. Mirae Asset Invests Company reported 30,920 shares. Kbc Nv holds 14,177 shares. Glenhill Ltd Limited Liability Company reported 1.28 million shares stake. Lombard Odier Asset Mngmt (Usa) has 0.93% invested in CommScope Holding Company, Inc. (NASDAQ:COMM).

Dorsal Capital Management Llc, which manages about $1.15B and $1.92B US Long portfolio, decreased its stake in Liberty Media Corp Delaware by 350,000 shares to 1.60M shares, valued at $66.99M in 2017Q3, according to the filing. It also reduced its holding in Dollar Gen Corp New (NYSE:DG) by 250,000 shares in the quarter, leaving it with 1.25 million shares, and cut its stake in Sba Communications Corp New.

Essex Financial Services Inc, which manages about $2.52B and $407.29M US Long portfolio, decreased its stake in Spdr S&P 500 (SPY) by 19,103 shares to 5,170 shares, valued at $1.30M in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr Russellmid (IWR) by 10,029 shares in the quarter, leaving it with 3,505 shares, and cut its stake in Rydex Etf Trguggenheim S&P 500 (RSP).

Since August 4, 2017, it had 0 insider purchases, and 10 sales for $16.36 million activity. On Friday, August 4 the insider READ IAN C sold $3.30M. SUSMAN SALLY had sold 38,230 shares worth $1.34 million. DAMELIO FRANK A sold 94,409 shares worth $3.21M. OLSON LAURIE J sold $263,693 worth of stock or 8,064 shares. The insider JOHNSON RADY A sold 8,000 shares worth $296,560.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.02, from 0.94 in 2017Q2. It increased, as 53 investors sold PFE shares while 700 reduced holdings. 106 funds opened positions while 620 raised stakes. 4.06 billion shares or 0.86% more from 4.02 billion shares in 2017Q2 were reported. Moneta Grp Advsr Ltd Liability Co has 0.34% invested in Pfizer Inc. (NYSE:PFE) for 61,922 shares. Edgewood Management Limited Com accumulated 96,990 shares. Foster And Motley reported 282,792 shares. Grimes Inc owns 57,958 shares for 0.22% of their portfolio. Mark Sheptoff Fin Planning Limited Co has invested 1.02% in Pfizer Inc. (NYSE:PFE). Harvey Co Ltd Liability Corp holds 0.24% or 34,195 shares in its portfolio. Neumann Ltd Liability holds 0.53% or 23,933 shares. Lord Abbett & Limited Liability Company has invested 0.73% of its portfolio in Pfizer Inc. (NYSE:PFE). First Foundation has 985,632 shares for 2% of their portfolio. Regions Corp has invested 1.31% of its portfolio in Pfizer Inc. (NYSE:PFE). Oakbrook Lc invested in 283,273 shares. Massachusetts-based Aureus Asset Mgmt Limited Liability has invested 0.04% in Pfizer Inc. (NYSE:PFE). Cypress Cap Management (Wy) accumulated 8,368 shares. Eaton Vance Mgmt accumulated 8.45M shares. Woodley Farra Manion Port Management Inc holds 0.57% or 137,999 shares.

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